Singapore's top healthcare firm returns hit 14.7% YTD

The sector’s market cap ballooned thirteen-fold and stands at over $40b.

The five best-performing healthcare service providers have an average total return of 14.7% in 2019 year-to-date, bringing its one-year, three-year and five-year total returns to -4.6%, +29.9% and +19.4%, respectively, according to a release by SGX.

These firms are identified to be ISEC Healthcare (+26.5%), Cordlife Group (+15.6%), Singapore Medical Group (+12.5%), Singapore O&G (+11.4%), and Medinex Ltd (+7.4%).

The 18 Singapore-listed healthcare service providers recorded a combined market cap of more than $40b, having jumped nearly 13-fold over the last ten years.

In comparison, the market cap of healthcare stocks listed in the region’s emerging markets has grown by 4.4 times, whilst the market value of healthcare listings in Asia’s developed markets has expanded by 3.8 times over the same period.

The healthcare sector, SGX said, is expected to enjoy multi-year growth prospects amidst a rise in healthcare spending brought by accelerated ageing rates, rise of lifestyle diseases like diabetes and hypertension, as well as growing disposable incomes.