With the announcement this week that Parliament was dissolved, Singapore has been in full election season, ahead of the upcoming Nomination Day on 30 June 2020, and Polling Day on 10 July 2020.
Candidates have been introduced (and withdrawn), party manifestos have been released, and policy promises are being made. What is clear are the key areas of concern to voters that will be addressed, including jobs, infrastructure projects, education, and healthcare.
For this week’s episode of 4 Stocks This Week, we will examine some of the companies that are primarily involved in those key sectors.
HRnetGroup (SGX: CHZ)
HRnetGroup is one of the largest Asia-based recruitment agency in APAC ex-Japan, and was the first recruitment agency to list on SGX in 2017.
The company operates in 10 Asian growth cities through two segments of Flexible Staffing and Professional Recruitment, serving a wide spectrum of industries, including finance, retail, technology and telecommunications, manufacturing, healthcare, life sciences, insurance and logistics.
HRnetGroup owns brands like HRnetOne, Recruit Express, PeopleSearch, RecruitFirst, SearchAsia and PeopleFirst. The company also offer other services, such as payroll processing, human resource consulting and corporate training.
HRnetGroup gained 2.041% on Friday to close at $0.50.
Read Also: Here’s Why We Should Not Stop Looking Out For Opportunities In The Financial And Job Markets In 2020
ISOTeam (SGX: 5WF)
Listed on SGX in 2013, ISOTeam is a home-grown building maintenance and estate upgrading company focused on both public and private sector projects.
The company works on government-related HDB projects such as Neighbourhood Renewal Programme (NRP), Estate Upgrading Programme (EUP), Hawker Centres Upgrading Programme (HUP) and other hospital, school and other projects, as well as private sector projects for condominiums, shopping malls, factories, hotels and other facilities.
On 12 June 2020, the company announced that it secured $32.5 million in new contracts, despite the slowing economy, bringing its year-to-date order book in FY2020 to $139.17 million. Part of the new contracts include neighbourhood renewal programme projects in Yishun, and repair and redecoration projects in Jurong West.
ISOTeam closed the week flat at $0.162.
Read Also: HDB Concessionary Loan: Here’s What New Homeowners Need To Take Note Of Before Applying
MindChamps (SGX: CNE)
Founded in 2008, MindChamps owns, operates, and franchises infant care centres, preschools, enrichment centres, as well as theatre-related enrichment programs for children.
With the leading market share of 38.5% of all premium preschools in Singapore, MindChamps’ IPO n 2017 marks the first time an early childhood educator provider listed on SGX.
In 2019, MindChamps opened their first purpose-built flagship centre in Australia, as well as expanded to Malaysia and Myanmar, while expanding their existing presence in The Philippines and Australia.
The company also offers training programs for adults at the certificate and diploma levels in early childhood care and education; and operates commercial schools offering higher education programs.
MindChamps closed on Friday at $0.305.
Read Also: Complete Singapore Parents’ Guide To Childcare Subsidies For Their Little One(s)
Raffles Medical (SGX: BSL)
Raffles Medical is an integrated healthcare provider, providing a wide range of healthcare services. While Raffles Medical’s business is largely in Singapore, it is present in approximately 14 cities in Singapore, China, Japan, Vietnam and Cambodia.
In 2019, Raffles Medical opened its first hospital in China in Chongqing which operates 24/7, while the company added Waterway Point to its list of executive health screening centres in Singapore.
Raffles Medical stated that preparations to open their second hospital in Shanghai this year are on track, but commencement of operations will depend on the developing COVID-19 situation.
Raffles Medical’s integrated healthcare organisation comprises of a tertiary hospital, a network of more than 80 CHAS-approved family medicine and dental clinics, insurance services, Japanese and Traditional Chinese Medicine clinics, and a consumer healthcare division.
Raffles Medical closed this week at $0.91, giving it a market capitalisation of about $1.66 billion.
Read Also: Civil Service Bonus: How Much Has The Government Paid In Bonuses Over The Past Decade?
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4 Stocks This Week is not a recommendation from us to buy or sell any of these stocks. For investors who are keen to find out more, you should continue researching about them before making your investment decisions.
The post 4 Stocks This Week (Election Season) [26 June 2020] HRnetGroup; ISOTeam; MindChamps; Raffles Medical appeared first on TinySG.
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