Company Raffles Medical Group Ltd

Equities

BSL

SG1CH4000003

Healthcare Facilities & Services

Delayed Singapore S.E. Other stock markets 08:58:40 2024-04-25 pm EDT			5-day change	1st Jan Change
1.01 ^SGD	-0.98%		0.00%	-6.48%

Apr. 03	Raffles Medical Group Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Feb. 29	CGS-CIMB Research Adjusts Raffles Medical Group’s Price Target to SG$1.16 From SG$1.20, Keeps at Buy	MT

Business Summary

Raffles Medical Group Ltd is a Singapore-based integrated private healthcare provider. The principal activities of the Company are those relating to the operation of medical clinics, other general medical services, and investment holdings. The Companyâs segments include Healthcare Services, Hospital Services, and Investment Holdings. The Healthcare Services segment is engaged in the operations of medical clinics and other general medical services; provision of health insurance, trading in pharmaceutical and nutraceutical products and diagnostic equipment, and provision of management and consultancy services. The Hospital Services segment is engaged in the provision of specialized medical services and operation of hospital and business of medical laboratory and imaging center. The Investment Holdings segment is engaged in investment holding and those relating to investment properties. It operates medical facilities in about 14 cities in Singapore, China, Japan, Vietnam, and Cambodia.

Number of employees: 2,892

Sales per Business

SGD in Million	2022	Weight	2023	Weight	Delta
Hospital Services 46.8 %	316	41.3 %	331	46.8 %	+4.53%
Healthcare Services 40.1 %	498	65.0 %	283	40.1 %	-43.13%
Insurance Services 20.4 %	-	-	144	20.4 %	-
Elimination of Inter-segment / Consolidation Adjustment -13.7 %	-94	-12.3 %	-97	-13.7 %	+2.98%
Investment Holdings 6.4 %	46	6.0 %	45	6.4 %	-1.44%

Sales per region

SGD in Million	2022	Weight	2023	Weight	Delta
Singapore 89.3 %	700	91.3 %	631	89.3 %	-9.81%
Greater China 8.4 %	50	6.6 %	59	8.4 %	+18.06%
Rest of Asia 2.3 %	17	2.2 %	16	2.3 %	-0.30%

Managers

Managers	Title	Age	Since
Alfred Loh FOU	Founder	-	75-12-31
Won Lein Ng DFI	Director of Finance/CFO	58	20-03-01
Fook Meng Wong CTO	Chief Tech/Sci/R&D Officer	-	-
Siew Peng Tan CIO	Chief Investment Officer	54	23-02-28
Kah Ling Teo CTO	Chief Tech/Sci/R&D Officer	-	-
Morrison Loh PRN	Corporate Officer/Principal	-	-
Vincent Chia PRN	Corporate Officer/Principal	-	-
Lena Motoda PRN	Corporate Officer/Principal	-	-
Soo Hoon Quek PRN	Corporate Officer/Principal	70	21-12-31
Kimmy Goh AUD	Comptroller/Controller/Auditor	-	91-12-31

Members of the board

Members of the board	Title	Age	Since
Choon Yong Loo FOU	Founder	74	75-12-31
Qing Hui Lu BRD	Director/Board Member	42	18-02-19
Soo Nan Tan BRD	Director/Board Member	75	00-07-27
Teik Siew Ang BRD	Director/Board Member	70	15-04-23
Sim Seng Lim BRD	Director/Board Member	65	23-07-31
Yoong Keong Lew BRD	Director/Board Member	68	20-10-27
Tse Ghow Lim BRD	Director/Board Member	59	14-09-30
Cheong Boon Png BRD	Director/Board Member	54	18-10-14
Chuan Neo Chong BRD	Director/Board Member	61	21-10-14
Liang Jian Lu BRD	Director/Board Member	33	23-07-31

Share class

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	1,888,691,375	805,044,914 ( 42.62 %)	27,187,750 ( 1.440 %)	42.62 %

Shareholders

Name	Equities	%	Valuation
Choon Yong Loo 53.05 %	999,550,404	53.05 %	770 M $
S&D Holdings Pte Ltd. 3.334 %	62,813,432	3.334 %	48 M $
RAFFLES MEDICAL GROUP LTD 1.443 %	27,187,750	1.443 %	21 M $
Tiang Lee Tan 0.8344 %	15,721,192	0.8344 %	12 M $
Hee Seng Yii 0.5148 %	9,700,513	0.5148 %	7 M $
Soo Nan Tan 0.2479 %	4,671,000	0.2479 %	4 M $
Manulife Investment Management (Hong Kong) Ltd. 0.2260 %	4,257,500	0.2260 %	3 M $
Beng Geok Wee 0.1891 %	3,564,000	0.1891 %	3 M $
Crédit Mutuel Asset Management SA 0.0876 %	1,650,000	0.0876 %	1 M $
JOHCM (Singapore) Pte Ltd. 0.0797 %	1,501,400	0.0797 %	1 M $