Wolf Money(Singapore Medical Group)
About Singapore Medical Group(SMG) own a chain of multi disciplines clinics. They run clinics from oncology, lasik, cancer centre to paediatric. They are also providing diagnostic services like MRI and CT scan through their subsidiary lifescan. They manage close to 40 clinics currently. I have been looking for a healthcare play in my portfolio for many years. Non of them pass my valuation test. Singapore Medical Group is among the lowest valuation medical stock listed on SGX. I welcome SMG into my portfolio. Below are the 10 things you need to know about SMG. Summary 1.) Lead by ex parkway MD Tony Tan which have a good track record of running parkway and turning them into a giant of the healthcare industry. 2.) Recent q1 result shown 22% rise in profit to 3.8m. Likely recovery from covid disruption compare to FY 2020. FY21 earning likely to come in around 12-13m. About 11-12x forward p/e. 3.) Big picture of Singaporean spending more on healthcare due to ageing society. 4.)...