Healthcare Stocks - Singapore Companies

The swine flu seems to have fueled interest in the healthcare-related stocks recently. Some of those usually "quiet" ones saw sudden surge in volume this week.

Companies	Price as at 29/04/09 (S$)	Market Cap (S$ m)	P/E (times)
AsiaMed	0.080	26.8	20.2
HMI	0.105	50.5	10.4
Healthway	0.085	115.2	8.0
Medtecs	0.110	47.8	32.0
PacificHC	0.090	25.3	NA
Parkway	1.190	1,345.2	38.6
Raffles	0.900	466.4	14.8
Thomson	0.430	125.6	11.2

Asiamedic Limited
The Group provides ambulatory healthcare services in radiology, diagnostic imaging, ophthalmology, cosmetic surgery and health screening.

Health Management International Ltd
Healthcare division of the Group owns and manages 2 hospitals in Malaysia, the Mahkota Medical Centre in Malacca and the Regency Specialist Hospital in Johor. Its education division owns and manages the HMI Institute of Health Sciences in Singapore.

Healthway Medical Corp Ltd
One of Singapore's private outpatient medical service providers with a network of more than 80 clinics. The Group operates 11 medical practice groups, offering healthcare services such as family medice, dentistry, paediatrics, orthopaedics, sports medicine, aesthetic medicine, TCM and healthcare benefits management.

Medtecs International Corporation Limited
The Group is an integrated healthcare services provider and original product manufacturer (OPM) of a wide range of medical consumables for large multinational healthcare distributors, pharmaceutical companies and hospital groups in the US and Europe. Major product lines include linen, hospital apparel, hospitality apparel and bandages. The Group also acts as agent to distribute other branded medical devices in Asia Pacific, including medical supplies and equipment such as wheel chairs, syringes, gauzes, digital thermometers, nebulizers, blood pressure monitors, etc.

Pacific Healthcare Holdings Ltd
An integrated healthcare provider offering a comprehensive range of healthcare services under Special Healthcare Division (clinical services and facilities management) and Primary Healthcare Division (general practice medicine, dentistry, eldercare and wellness services).

Parkway Holdings
The Group operates Gleneagles Hospital, Mount Elizabeth Hospital, East Shore Hospital and Shenton Medical Group. The Gleneagles chain of hospitals are now in Singapore, Jarkarta, Surabaya, Medan, Kuala Lumpur, Penang, Calcutta and Colombo. It has a specialist Heart Hospital in London.

Raffles Medical Group Ltd
One of Singapore's leading private integrated healthcare providers with a network of 65 private clinics, offering general practice (GP), dental and specialist healthcare services, X-ray and diagnostic services, healthscreening and laboratory testings. The Group also owns and operates a tertiary care private hospital, insurance services and a consumer healthcare division.

Thomson Medical Centre Limited
The Group's principal activities include that of hospital operations and ancillary services. The hospital operations provide primary, secondary and tertiary healthcare with focus in the areas of O&G and paediatric services. Its ancillary services include fetal assessment services, diagnostic laboratory services, disgnostic imaging services, anti-aging services, healthcare screening services and parentcraft services.

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Edit:
15 June 2009

Mel has done further analysis on credit control of the above companies based on data found in the companies' FY2008 Annual Report.

Here are her results:

Ranking :
1) Thomson Medical Centre - 3.9
2) Healthway Medical Group - 6.2
3) Raffles Medical Group - 6.5
4) AsiaMedic Ltd - 7.1
5) Parkway Holdings - 7.6
6) Pacific Healthcare - 10.9
7) Medtec International - 11.5
8) Health Management International (HMI) - 21.4

For further details, please refer to her blog entry:
http://bealovecat.blogspot.com/2009/06/healthcare-stocks-finance-analysis-1.html