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$RAFFLES MEDICAL GROUP LTD(BSL.SI)$

Raffles Medical Crashed 10% in Two Days: Should Investors Buy the Dip?

The integrated healthcare provider saw its share price plunge this week. Should investors bite?

Raffles Medical Group (SGX: BSL), or RMG, witnessed a sharp turn in fortunes this year.

The integrated healthcare provider, which owns and operates its flagship Raffles Hospital in North Bridge Road, reported a sparkling set of earnings for its fiscal 2021 first half (1H2021).

Revenue surged by 42.4% year on year to S$343.8 million as the group supported the government in its COVID-19 vaccination and Polymerase Chain Reaction (PCR) swab test initiatives.

Net profit more than doubled year on year to S$39.4 million.

In contrast, 1H2020 saw a 5.4% year on year dip in revenue while net profit plunged by 41.6% year on year.

Unsurprisingly, RMGs share price has been on a tear, rising from S$0.99 at the start of this year to a high of S$1.54 last Friday.

However, in the last two days, the healthcare provider’s share price has crashed by 10% to S$1.38.

Does the decline present an opportunity to accumulate shares in the group?

Or should investors remain wary and stay on the sidelines?

https://thesmartinvestor.com.sg/raffles-medical-crashed-10-in-two-days-should-investors-buy-the-dip/

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Should investors bite?</p><p>Raffles Medical Group (SGX: BSL), or RMG, witnessed a sharp turn in fortunes this year.</p><p>The integrated healthcare provider, which owns and operates its flagship Raffles Hospital in North Bridge Road, reported a sparkling set of earnings for its fiscal 2021 first half (1H2021).</p><p>Revenue surged by 42.4% year on year to S$343.8 million as the group supported the government in its COVID-19 vaccination and Polymerase Chain Reaction (PCR) swab test initiatives.</p><p>Net profit more than doubled year on year to S$39.4 million.</p><p>In contrast, 1H2020 saw a 5.4% year on year dip in revenue while net profit plunged by 41.6% year on year.</p><p>Unsurprisingly, RMGs share price has been on a tear, rising from S$0.99 at the start of this year to a high of S$1.54 last Friday.</p><p>However, in the last two days, the healthcare provider’s share price has crashed by 10% to S$1.38.</p><p>Does the decline present an opportunity to accumulate shares in the group?</p><p>Or should investors remain wary and stay on the sidelines?</p><p><br></p><p>https://thesmartinvestor.com.sg/raffles-medical-crashed-10-in-two-days-should-investors-buy-the-dip/</p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://laohu8.com/S/BSL.SI\">$RAFFLES MEDICAL GROUP LTD(BSL.SI)$</a></p><p>Raffles Medical Crashed 10% in Two Days: Should Investors Buy the Dip?</p><p>The integrated healthcare provider saw its share price plunge this week. Should investors bite?</p><p>Raffles Medical Group (SGX: BSL), or RMG, witnessed a sharp turn in fortunes this year.</p><p>The integrated healthcare provider, which owns and operates its flagship Raffles Hospital in North Bridge Road, reported a sparkling set of earnings for its fiscal 2021 first half (1H2021).</p><p>Revenue surged by 42.4% year on year to S$343.8 million as the group supported the government in its COVID-19 vaccination and Polymerase Chain Reaction (PCR) swab test initiatives.</p><p>Net profit more than doubled year on year to S$39.4 million.</p><p>In contrast, 1H2020 saw a 5.4% year on year dip in revenue while net profit plunged by 41.6% year on year.</p><p>Unsurprisingly, RMGs share price has been on a tear, rising from S$0.99 at the start of this year to a high of S$1.54 last Friday.</p><p>However, in the last two days, the healthcare provider’s share price has crashed by 10% to S$1.38.</p><p>Does the decline present an opportunity to accumulate shares in the group?</p><p>Or should investors remain wary and stay on the sidelines?</p><p><br></p><p>https://thesmartinvestor.com.sg/raffles-medical-crashed-10-in-two-days-should-investors-buy-the-dip/</p></body></html>","text":"$RAFFLES MEDICAL GROUP LTD(BSL.SI)$ Raffles Medical Crashed 10% in Two Days: Should Investors Buy the Dip? The integrated healthcare provider saw its share price plunge this week. Should investors bite? Raffles Medical Group (SGX: BSL), or RMG, witnessed a sharp turn in fortunes this year. The integrated healthcare provider, which owns and operates its flagship Raffles Hospital in North Bridge Road, reported a sparkling set of earnings for its fiscal 2021 first half (1H2021). Revenue surged by 42.4% year on year to S$343.8 million as the group supported the government in its COVID-19 vaccination and Polymerase Chain Reaction (PCR) swab test initiatives. Net profit more than doubled year on year to S$39.4 million. In contrast, 1H2020 saw a 5.4% year on year dip in revenue while net profit plunged by 41.6% year on year. Unsurprisingly, RMGs share price has been on a tear, rising from S$0.99 at the start of this year to a high of S$1.54 last Friday. However, in the last two days, the healthcare provider’s share price has crashed by 10% to S$1.38. 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