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.
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
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?
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
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)
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.
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.
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