These 2 things can give Raffles Medical the boost it needs

Rental income from Raffles Holland Village is one.

Raffles Medical Group underperformed in the past quarter, with net earnings inching up slightly by 0.1% to $15.5m.

According to RHB, there are two things that can give Raffles the boost it needs for the next quarters.

For one, the rental income from Raffles Holland Village would contribute more significantly next quarter. This was because Raffles had given tenants a rent-free period for up to two months.

"Since most of the tenants only signed towards the end of last year, the rental income would only kick in next quarter," RHB.

Meanwhile, the Raffles Hospital extension is expected to be completed by the fourth quarter of the year, but will only be operational only next year.

"This may not be a bad thing, given the current weak demand from foreign patients," RHB said.