DBS Vickers projects total healthcare expenditure in Singapore to triple by 2030, rising to $44 billion from $17 billion in 2013, given its ageing population.
The broker estimates that hospital admissions will grow to 791,000 per year in 2030, from 520,000 currently.
“But, the pressure on healthcare infrastructure is uneven,” DBS notes. “We believe private infrastructure expansion is not a priority, and could benefit more if they could tap the flow-over effects from the public sector,” it adds.
DBS is upgrading IHH Healthcare, the world's second largest healthcare operator by market value, to a “buy” rating.
The broker has also initiated coverage on Singapore O&G with a “buy” rating and a $1.05 target price for its specialised focus on women's health, high growth and reasonable yield.
It also likes ParkwayLife REIT for its defensive and resilient business.
IHH Healthcare, Singapore O&G and ParkwayLife REIT closed at $2.19, 92 cents and $2.55 respectively.
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The broker estimates that hospital admissions will grow to 791,000 per year in 2030, from 520,000 currently.
“But, the pressure on healthcare infrastructure is uneven,” DBS notes. “We believe private infrastructure expansion is not a priority, and could benefit more if they could tap the flow-over effects from the public sector,” it adds.
DBS is upgrading IHH Healthcare, the world's second largest healthcare operator by market value, to a “buy” rating.
The broker has also initiated coverage on Singapore O&G with a “buy” rating and a $1.05 target price for its specialised focus on women's health, high growth and reasonable yield.
It also likes ParkwayLife REIT for its defensive and resilient business.
IHH Healthcare, Singapore O&G and ParkwayLife REIT closed at $2.19, 92 cents and $2.55 respectively.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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