Singapore “Flyer” of the Week: Raffles Medical Group Limited

Healthcare outfit, Raffles Medical Group (SGX: R01), or RMG, takes the spotlight as this week’s Singapore “Flyer”. It has surged close to 5% so far over the week to end at S$3.35 on Thursday.

Founded in 1976, RMG is the largest private group practice in Singapore.  It owns and operates a network of family medicine clinics, a tertiary care private hospital, insurance services and a consumer healthcare division. Currently, RMG serves over a million patients and boasts 6,500 corporate clients, including local and multi-national corporations and government agencies.

On Tuesday, the firm announced that it has made an offer to grant options in line with the Raffles Medical Group Share Option Scheme. A total of 6.25 million options were granted at a price of S$3.20. The share price on that day was three cents higher at S$3.23. The following Directors received the options – Mr Koh Poh Tiong, Mr Kee Teck Koon, Dr Wee Beng Geok, Mr Tan Soo Nan, Professor Lim Pin and Mr Raymond Lim Siang Keat. The options granted have a vesting period of at least 12 months.

For its latest results for 2013,  annual revenue increased 9.4% year-on-year to S$341 million while net profit jumped by 49.1% to S$85.3 million. RMG will also be dishing out a final dividend of 4.0 Singapore cents per share.

RMG is currently trading at a historical PE ratio of around 22 and has a dividend yield of 1.5%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.