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Why This Healthcare Stock is About to Take Off

Table of Contents

Disclaimer

All articles are for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade or investments.

Disclaimer

All articles are for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade or investments.

Table of Contents

This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.

Source: unsplash.com

This week, we look at a stock that’s performing extraordinarily strong in the Singapore stock market.

It belongs to the healthcare sector and is flourishing.

Over the years, it has managed to seal its reputation as being one of the best healthcare providers in Singapore.

Yes, this company is none other than Raffles Medical.

 

Brief History of Raffles Medical

Source: rafflesmedicalgroup.com/international/medical-clinics-services

Raffles Medical started off with two clinics in 1976, providing medical services to corporate clients in the central business district of Singapore.

In less than 10 years, Raffles Medical had grown to own and operate five clinics before branching out into the heartlands.

Did the company stop there?

No.

The company continued working hard and secured more significant contracts.

Realizing that more of its patients required specialist care, Raffles Medical responded by building hospitals.

Today, Raffles Medical has a presence in Cambodia, China, Japan, Vietnam, and more.

 

Business Model and Financials

Raffles Medical Income Statement

Source: tradingview.com

What can you tell from Raffles Medical’s total revenue?

It has been growing every year since 2016!

In 2021, its total revenue grew by an astonishing 27.3%!

This is a rare and positive sign which I welcome.

Next, let’s have a look at its net income.

Raffles Medical’s net income has been growing steadily every year, with the only exception in 2019. In 2019, its net income shrunk greatly by 15.1%.

A heartening point to note is the pace of growth of its net income in 2021 – a mighty 27.7%!

Besides operating clinics and hospitals, Raffles Medical provides other healthcare services and insurance. Some of these businesses bring in recurring income which provides valuable cash flow.

So, is it time to buy the shares of Raffles Medical for a position trade?

Let’s have a look at its price chart.

 

Technical Analysis on Raffles Medical (SGX:BSL)

Chart of Raffles Medical

The share price of Raffles Medical is on a massive uptrend!

To assess if the timing for a position trade is here, let’s have a look at two important indicators – the green arrow and Trend Impulse Factor.

Do you see the green arrow under its latest candle?

The presence of the green arrow suggests that this is a fresh uptrend.

However, this is insufficient. You’ll want to know if this fresh uptrend is likely to continue. Afterall, it’s through price appreciation that you make the most money!

You’ll want to note the color of the Trend Impulse Factor indicator. When its dark green in color, it symbolizes significant momentum which could last.

When you enter a position trade when both indicators are showing at the same time, you increase your chances of success.

Since the Trend Impulse Factor bar isn’t dark green in color, the time for a position trade isn’t ripe yet.

I’d recommend that you keep Raffles Medical in your watchlist as fundamentally strong stocks such as this usually takes off in due time.

 

Conclusion

Source: unsplash.com

Raffles Medical began humbly, made several right strategic moves, and expanded rapidly.

Today, it can boast of its enviable financial might.

Yet, the company isn’t taking anything for granted.

Its price chart is on an uptrend in a rather muted Singapore stock market.

All these points make Raffles Medical a great candidate for a position trade.

However, the timing isn’t here yet, as suggested by the indicators shared.

The indicators (red and green arrows and Trend Impulse Factor) will help you determine if a stock is ready for action to be taken. You won’t have to feel in the dark and make wild guesses.

Trading stocks without a proper system can be highly risky. This is why the TradersGPS (TGPS) was created.

 

1 Simple Strategy To Reap Explosive Profits This Year (2023):

2022 by far has been one of the toughest years to trade in the past 5 years.

Lots of Singaporeans who dabble in trading or investments have suffered badly this year.

From inflation, interest rates, Ukraine war, financial tensions between US & China, and most recently, the dramatic crypto meltdown…

We’ve seen nothing short of constant volatility and a persistently declining stock market this year.

Many people I know have incurred 5 to even 6 figures losses and others are holding on to 20-80% unrealized losses.

It’s unfortunate to see that the goals of becoming financially independent to provide better lives for their family have turned into losses for many.

Yet, as a matter of fact, all these losses could have been easily prevented and turned into profits instead if these people had the right knowledge.

Having the right knowledge, and having a tested and proven methodology for trading strong stocks

– This is exactly what helped me and over 5000+ of my students to end the year with decent gains in our portfolio despite the odds stacked against our favor.

Within our SMT community, we use a really simple yet powerful 3-step system that allows us to identify and capitalize on strong stocks.

This is why even amidst the poor performing market this year, we are still able to extract extensive profits from the market – by identifying ‘hidden gem’ opportunities.

And if we are able to reap decent gains in such a bad market this year, think about how immense the profit potential would be like in 2023…

Especially when the market is poised to trend stronger upwards in 2023 and the number of opportunities would be greater than ever.

With that said, it is extremely important to know what to do and how to best take advantage of the markets in 2023 while maintaining a really low risk.

I will be sharing about the ONE strategy you’ll ever need to know to reap maximum profits in the market in my upcoming LIVE training (100% free).

This training will be nothing like you’ve seen before.

I will hold nothing back to reveal my exact game plan and strategy to skyrocket your portfolio in 2023.

Register now here before seats are capped out.

I will show you the full process from identifying winning stocks all the way to executing the trade, and how it can be done in just 15 minutes.

I will also be opening up questions to the floor where you can ask me to analyze ANY stock of your choice,

The biggest gains are not made during an ongoing bull market, but from the preparation before the bull market even happens.

There is no better time than now to be introduced into the world of profitable stock trading.

After all, what excuse do you have to not pick up the skill to capitalize on this impending huge opportunity at this very moment?

I’ll see you real soon!

Click HERE to register your seat before we hit full capacity!

 

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Eric Lim

Having being coached in trading and in many aspects of life, Eric is a firm believer of success being the result of having a strong foundation. Hardwork, dedication, and practice are essential ingredients. He's always fascinated by the stock market and enjoys sharing his knowledge and discovery of the markets as a form of giving back to society. Swing and position trading are his favorite trading strategies.

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