Investors have been caught in a dilemma over what to do with the shares of ComfortDelGro (CDG) ever since the transportation conglomerate started reporting lackluster financial performance over the last few years. The Taxi Business that makes up an estimated 30 percent of its yearly revenue has taken a further beating with aggressive expansions by new entrants Grab and Uber. Losing the tender for Thomson East Coast Line has caused investors to be further disappointed.
ASEAN is fast becoming a popular destination for medical tourism, equipped with top notch medtech and highly skilled doctors. Such state-of-the-art facilities are comparable to what is available globally and together with its low price point are the main driving forces behind the thriving industry. According to TforG report, Asia Pacific’s medical tourism industry, including the ASEAN region, accounts for over EUR15 million and expected to grow at 16 percent annually for the next three years.