Future Catalysts for Raffles Medical Group

Expansion Proceeding as Planned
Both Raffles Holland Village and Raffles Hospital Extension are currently under construction. Raffles Hospital Extension is slated for completion in 1Q17. Work at Raffles Holland Village is on track for completion by 1Q16. Raffles Hospital will add another 220,000 sq ft of floor area. There will be a future connection between Raffles Hospital and Bugis MRT station at Basement 1 level. This 20-storey building will be dedicated to outpatient traffic.

Raffles Holland Village will be a combination of medical and retail spaces, totalling 62,720 sq ft. Raffles Medical will only keep 9,000 sq ft for medical purposes. It will lease out 4,500 sq ft to DBS for its banking operations. The rest will be available for retail shops and F&B outlets. Upon completion, Raffles Medical is expected to get a 6%-7% rental yield from the commercial units in the new mall.

I believe that patient volume growth will improve as a result of the expansion. Meanwhile, the Pioneer Generation package and Community Health Assist Scheme should support patient volumes in the immediate term



An artist's impression of Raffles Holland Village

Positive Long-term Prospects for Healthcare Sector

In the long-term, the healthcare sector in Singapore is strongly supported by rising affluence among the masses, an aging population and increased medical tourism.

 

 

Strong cash position to fund Overseas Venture
Raffles Medical Group's cash position remains strong at S$150.2m (as of the quarter ended December 31, 2014). It has signed two letters of intent to establish private hospitals in Shenzhen and Shanghai. 
  

 

2-Year Agreement With MOH To Receive SCDF Patients.

Raffles Medical Group Ltd has entered into an agreement with the Ministry of Health Singapore to collaborate on a 2-year project whereby Raffles Hospital's Emergency Department will receive patients transported to it by Singapore Civil Defence Force emergency ambulances during office hours. Raffles Hospital will provide emergency care for these patients at its ED, and follow up inpatient care and/or outpatient care at its specialist clinics, as medically indicated, in relation to the patient's presenting diagnosis at the ED. Patients treated in Raffles Hospital under this collaboration will be eligible for Government subsidy. The project is expected to be implemented around the middle of 2015, allowing time for preparation and commissioning of facilities and systems.

Power of CD
Dividend Warrior

Dividend Warrior Singapore Portfolio Update (December 2014)

No.	Stock	Lots	% of Portfolio
1	AIMS AMP REIT	30	15.1%
2	Starhub	10	10.3%
3	Singtel	7	8.7%
4	Frasers Centrepoint Trust	12	8.7%
5	SPH	5	7.8%
6	M1	7	7%
7	SATS	4	5.2%
8	Capitamall Trust	7	4.9%
9	CACHE Logistics Trust	10	4.7%
10	Mapletree Logistics Trust	10	4.4%
11	SembCorp Industries	2	4.3%
12	PLife REIT	4	3.3%
13	Suntec REIT	6	3.1%
14	First REIT	10	3%
15	Mapletree Greater China Commercial Trust	7	2.5%
16	Raffles Medical Group	1	1.6%
17	ST Engineering	1	1.6%
18	Sheng Siong	5	1.4%
19	Mapletree Industrial Trust	2	1.2%
20	Neratel	3	0.8%

Total dividends collected (2014)	S$15,066.12
Total Invested Capital	S$239,542
Annual Yield (2014)	6.3%
Average Monthly Dividends (2014)	S$1,255
Available funds for investment	S$10,000
Unrealized Paper Gain (S$)	S$50,068

For the month of December, I will be receiving a total of S$1,783 in dividends/ distributions.

1. Mapletree Industrial Trust: S$52 
2. SATS: S$200
3. AIMS AMP REIT: S$831 
4. SPH: S$700

I accumulated 2 more lots of Frasers Centrepoint Trust (FCT) this month as I have confidence in the growth potential of suburban malls in northern Singapore, particularly in the Woodlands and Yishun housing estates. FCT has a strong foothold in these two regional hubs.

In summary, I achieved a monthly dividend income of S$1,255 in 2014. Compare to last year's figures, there is a 5.3% growth. My total annual dividend income crossed the S$15k mark for the first time in my investment journey! In terms of unrealised capital gains, there is a growth of 21% compared to December 2013. 

The comment feature is opened again. Feel free to leave your comments!

DW wishes everyone a Merry Christmas!^^



Ho Ho Ho!
Dividend Warrior

DW November 2014 Singapore Dividend Portfolio Update

No.	Stock	Lots	% of Portfolio
1	AIMS AMP REIT	30	15.4%
2	Starhub	10	10.5%
3	Singtel	7	8.9%
4	SPH	5	7.9%
5	Frasers Centrepoint Trust	10	7.2%
6	M1	7	7.2%
7	SATS	4	5.3%
8	Capitamall Trust	7	5%
9	CACHE Logistics Trust	10	4.7%
10	Mapletree Logistics Trust	10	4.5%
11	SembCorp Industries	2	4.4%
12	PLife REIT	4	3.3%
13	Suntec REIT	6	3.2%
14	First REIT	10	3.1%
15	Mapletree Greater China Commercial Trust	7	2.6%
16	Raffles Medical Group	1	1.7%
17	ST Engineering	1	1.6%
18	Sheng Siong	5	1.4%
19	Mapletree Industrial Trust	2	1.2%
20	Neratel	3	0.8%

Total dividends collected (2014)	S$13,283.12
Total Invested Capital	S$235,800
Projected Annual Yield (2014)	6%
Average Monthly Dividends (2014)	S$1107
Available funds for investment	S$9,000

Unrealized Paper Gain (S$)

S$52,300

For the month of November, I will be receiving a total of S$2,049.92 in dividends/ distributions. 

1. Suntec REIT: S$139.68
2. CACHE Logistics Trust: S$214
3. Mapletree Logistics Trust: S$188
4. CapitaMall Trust: S$190.40
5. Frasers CentrePoint Trust: S$278.50
6. First REIT: S$202
7. Starhub: S$500
8. PLife REIT: S$116
9. MGCCT: S$221.34

I added one more lot of SembCorp Industries and initiated a position in Raffles Medical Group. In my opinion, the new specialist centre at Holland Village (under construction) and the proposed extension to Raffles Hospital will do well in the years to come. Moreover, the management is strong in term of execution. After all, the aging of the population is a megatrend that could not be reversed easily.



Banking on megatrends,
Dividend Warrior