facebook(Stocks Discussion) SGX: Raffles Medical Group Ltd (SGX: BSL)? - Seedly

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Anonymous

20 Dec 2019

Stocks

(Stocks Discussion) SGX: Raffles Medical Group Ltd (SGX: BSL)?

Discuss anything about share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell this stock on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment!

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Discussion (5)

What are your thoughts?

1) margins declining steadily, a really bad sign. Shows that they have decreasing pricing power.

This is the problem with business that scale but can't have pricing power.

So in 2013, with only 341mil of sales, they were able to generate 85 mil in net profit.

Fast forward to 2018, despite having higher revenues of 489 mil, you would expect them to make more money. But they only made 71 million in profits.

They would have been better off without growing. A bit ironic sometimes haha.. This happens for business model that need to inccur incremental cost by growing their revenues.

But compare this to a tech company like Microsoft.. they don't have to spend much money by selling 1 more person the microsoft software.

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In order for them to scalem they need to get more doctors. This is the bottleneck for them. How much can one person make and contribute? If the doctors decided to leave the group, the revenue will be negatively impacted.

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TL;DR Revenue growth has slowed down due to saturated private healthcare industry in Singapore. ...

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