Bought 13,000 shares of RMG today at $1.06
Reasons for buying RMG:
1) Healthcare stock
2) Near to 52w low
3) Stock price have been falling since Apr 2017 (8months duration)
4) I feel the price is over corrected given the past few stable quarterly result
5) Raffles Hospital Extension opening soon
6) Strong Corporate clients
This indirectly create stable and re-occurring customer base for yearly company health screening, corporate medical checkup and etc.
7) Aging population in Singapore
8) Collaboration with MOH to receive SCDF ambulances patients since June 2015.
This will ensure the ward bed have high occupancy rate which equal to $$$.
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