Despite its property expansion plans, Raffles Medical still have the ability to grow its net profit and at the same time, finance its growth plans.
Its 2014 1st Quarter saw an increase of 8% in net profit after tax with a healthy cash position of $98 million. Its healthcare sector grew by 14.3% and its main revenue stream from hospital services grew by 4.8%.
This results in turn translates to Raffles Medical's ability to perform consistently, giving value investors a very positive signal for this stock.
I am in favour of the management's ability to grow the company in present and future.
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