Despite the stock went on a
sideway between March to May (orange bars), Raffles medical have been running on an uptrend after May onward, with the Q2
report released on today the net profit is
up by 2.2%.
It
was primary eroded by increased staff cost which can be seen as for a good cause –
Raffles Medical had been busy recruiting more doctors, specialists, nurses, and
ancillary staff that’s needed for the Raffles Hospital expansion and
new medical centers at Shaw Centre in Orchard Road which
started serving its first patients just last month.
However, the share rises
before the report announced, how can you foresee capture this uptrend stock? With our position trade system which allows you to response to the
possibility of growth.
The share has increased about 1sgd,
which is around 25% grow with our position trade
system shows the trend is super uptrend (changing colour from orange to green).
In additional of the banker fund flow in, it suggests the share remains strong. Support level is near $4.6, trend remain strong unless price break $4.6
in near term. (purple line)
