Health Care Sector Momentum Carried into First Week of January  

Categories: General Market Analysis, Equity Investments

Country or region: Asia Pacific (Overall)

Health Care Sector Momentum Carried into First Week of January
  • Singapore’s 10 largest capitalised Health Care stocks have averaged 3.3% price gains for the first five sessions of 2018, following on from average 13.2% gains in 2017. On a market-capitalisation weighted basis, Health Care was the strongest of the Sectors in the last month of 2017.
  • Amongst these 10 stocks, Top Glove Corp Bhd, Q&M Dental Group Singapore and Tianjin Zhong Xin Pharmaceutical have performed the strongest over the past five sessions, averaging 8.3% gains. On 19 Dec, Top Glove Corp Bhd reported 44% YoY growth in Net Profit for its 1QFY18 (ending 30 Nov).
  • Clearbridge Health which focuses on precision medicine in Asia, in addition to providing laboratory and Health Care services, listed on 18 December. Its stock price closed yesterday at 46.5 cents, which was two-thirds higher than the IPO price of 28 cents.

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