Raffles Med

Market seems to be in favour of this new development.
Today we have witnessed bthe share price surge 4 cents higher and closed well at $1.14. Looks rather bullish!

Chart wise, looks like it may likely continue to live up to retest $1.18/$1.20 level !

Breaking out of $1.20 level with high volume that may propel to drive the price higher towards $1.30 level.

The company will be releasing it's coming quarter result on 6 Aug before Trading commence.

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementLast12MonthsSecurity&F=J066EFFM9XA7NH6V&H=330193b735c232a3d913255c4414bc40f292df98b750236e23a57992ae531db8

Not a call to buy or sell.

Please do your due diligence.

 NTUC Income  Partners  RafflesHealthinsurance   to Launch the  IncomeShield  Private  Specialist  Panel   Singapore,  24  July  2018  –  NTUC  Income  (Income)  and  RafflesHealthinsurance  (RHI),  a wholly-owned subsidiary  of  RafflesMedicalGroup  (the  Group),  announced today  a  strategic partnership to  introduce  the IncomeShield Private  Specialist  Panel  (the  Panel).   In addition  to offering  IncomeShield  policyholders  access  to  over  200  medical  specialists  in private practice  spanning across  different  specialty  areas  via the  Panel,  RHI  will also  extend clinical  indicator  assessment  to  Income  as  part  of  the  partnership.  The  assessment  ensures that  the  Panel  delivers  appropriate and  high  quality  healthcare to  IncomeShield  policyholders sustainably.   Additionally,  RHI  will  also ensure that  the Panel  offers  equitable representation of  medical specialists from  within and outside  the  Group,  whom  are of  good reputation  and experience in the industry,  to  meet  diverse healthcare and  medical  needs.  More significantly,  through the  combined  scale  of  Income  and  RHI,  the  strategic  partnership  aims  to  lend  strength  to  the curation of  quality  medical  specialists  in private practice  for  the Panel.   The  introduction  of  the  Panel  demonstrates  Income’s  commitment  to  ensure  that  its  health insurance remains  accessible,  affordable and sustainable  for  everyone  in Singapore.  It  is also aligned  to  the  Health  Insurance  Task  Force’s  (HITF)  recommendation  for  all stakeholders  in  the  healthcare  ecosystem  to  collectively  play  an  active  and  collaborative  role in managing  medical  care  and health insurance  costs  in Singapore.  This  is  particularly important  in  view  of  Singapore’s  ageing  population and  rising healthcare  costs. Commenting on  the  strategic  partnership with RHI,  Mr  Andrew  Yeo,  Income’s  General Manager  for  Life  and  Health  Insurance,  said:  “RHI  stands  out  as  a  strategic  partner  for  us  as it  allows  Income  to  tap  its  in-house  medical  expertise  and  ready  network  of  practitioners  in and  beyond  the  RafflesMedicalGroup.  The  latter  is  the  only  healthcare  institution  in Singapore  that  subscribes  to  the  Institutional  Group Practice  Model.  It  advocates  physicians to render  patients  quality-assured  medical  services  that  are  peer  reviewed  and  medically audited.”