$RAFFLES MEDICAL GROUP LTD(BSL.SI)$Raffles Medical Group share price has dropped recently on the news that Travellers arriving or transiting through Singapore will no longer need to get a PCR test on arrival.  Instead they will only need to do an end of stay home notice PCR test.

Should investors be concerned?

Raffles Medical more than doubled its earnings to SGD39. 4 million for the first half of 2021, as revenue rose 42% to SGD343. 8 million.   The company shares have climbed 40% so far this year compared to 12% gain for STI Index.

Mr Loo Choon Yong, the Founder and Executive Chairman of Raffles Medical said that the principle was to look after patients properly.  The business will look after itself.   That is how the business grew over the years.

Today Raffles Medical owns more than 106 clinics and 4 hospitals across Singapore, China, Vietnam and Cambodia. 

With the reopening of Singapore to other countries around the world, Raffles Medical will be able to grow exponentially and reap bumper profits ahead. 

So I am not worried about the short term volatility of the Raffles Medical share price as I am looking at the long term growth ahead.  Instead it is a good time to buy more now. 

@Tiger Stars

@小虎活动 Earnings Season