OTCPK:RLGH.F

Stock Analysis Report

Executive Summary

RHT is the first business trust to be listed on the Main Board of the Singapore Exchange Limited ("SGX-ST") with India based healthcare assets.


Snowflake Analysis

Share Price & News

How has RHT Health Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RLGH.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

RLGH.F

11.6%

US Healthcare

9.4%

US Market


1 Year Return

n/a

RLGH.F

7.2%

US Healthcare

-6.8%

US Market

Return vs Industry: Insufficient data to determine how RLGH.F performed against the US Healthcare industry.

Return vs Market: Insufficient data to determine how RLGH.F performed against the US Market.


Shareholder returns

RLGH.FIndustryMarket
7 Day0%11.6%9.4%
30 Day0%-4.2%-3.9%
90 Day0%-11.5%-16.5%
1 Yearn/a8.6%7.2%-4.8%-6.8%
3 Year-98.7%-98.7%29.7%23.9%23.4%15.2%
5 Year-98.9%-98.9%34.8%25.6%41.3%25.7%

Price Volatility Vs. Market

How volatile is RHT Health Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is RHT Health Trust undervalued compared to its fair value and its price relative to the market?

0.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: RLGH.F ($0.01) is trading above our estimate of fair value ($0)

Significantly Below Fair Value: RLGH.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RLGH.F is unprofitable, so we can't compare its PE Ratio to the Healthcare industry average.

PE vs Market: RLGH.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RLGH.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RLGH.F is good value based on its PB Ratio (0.9x) compared to the US Healthcare industry average (3.1x).

Future Growth

How is RHT Health Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.4%

Forecasted Healthcare industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as RHT Health Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has RHT Health Trust performed over the past 5 years?

-53.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RLGH.F is currently unprofitable.

Growing Profit Margin: RLGH.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RLGH.F is unprofitable, and losses have increased over the past 5 years at a rate of -53.2% per year.

Accelerating Growth: Unable to compare RLGH.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RLGH.F is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare industry (6.2%).


Return on Equity

High ROE: RLGH.F has a negative Return on Equity (-154.6%), as it is currently unprofitable.

Financial Health

How is RHT Health Trust's financial position?


Financial Position Analysis

Short Term Liabilities: RLGH.F's short term assets (SGD18.4M) exceed its short term liabilities (SGD1.2M).

Long Term Liabilities: RLGH.F has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RLGH.F is debt free.

Reducing Debt: RLGH.F has no debt compared to 5 years ago when its debt to equity ratio was 18.4%.

Debt Coverage: RLGH.F has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RLGH.F has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is RHT Health Trust's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RLGH.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate RLGH.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RLGH.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RLGH.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RLGH.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RLGH.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Paul Hoahing (50yo)

0.75

Tenure

Mr. Paul Hoahing has been Chief Executive Officer of RHT Health Trust Manager Pte. Ltd., since April 1, 2019. Mr. Hoahing has been engaged as a consultant for the treasury and finance functions at Parkway  ...


Leadership Team

NamePositionTenureCompensationOwnership
Paul Hoahing
Chief Executive Officer0.75yrno datano data
Kang Tan
Chief Financial Officer0.67yrno datano data
Mohammad Imtiaz
Head of Operations & Compliance - Indiano datano datano data
Shalini Tyagi
Deputy GM & Head of Human Resources - Indiano datano datano data
Siddhant Jain
Head of Accounts & Finance - India Operations2yrsno datano data
Abdul Jabbar Bin Karam Din
Joint Company Secretaryno datano datano data
Fazilah Rahman
Company Secretary1.42yrsno datano data
Vishesh Verma
Vice President of Investments & Projects - Indiano datano datano data
Ramnik Ahuja
Vice President of Research & Strategy for Religare Health Trust Trustee Manager Pte. Ltd.4.75yrsno datano data
Alex Wei
Executive Officerno datano datano data

1.4yrs

Average Tenure

50yo

Average Age

Experienced Management: RLGH.F's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Chiang Yin Wong
Independent Director of RHT Health Trust Manager Pte. Ltd.0.92yrno datano data
Keh Poo Tan
Independent Director of RHT Health Trust Manager Pte. Ltd.0.92yrno datano data
Ashish Bhatia
Non Executive Non Independent Director of RHT Health Trust Manager Pte. Ltd.0.67yrno datano data
Bong Lin Tan
Non-Executive Chairman of RHT Health Trust Manager Pte. Ltd.0.92yrno datano data
Min-Jiann Loh
Non-Executive & Non-Independent Director0.25yrno datano data

0.9yrs

Average Tenure

56yo

Average Age

Experienced Board: RLGH.F's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

RHT Health Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: RHT Health Trust
  • Ticker: RLGH.F
  • Exchange: OTCPK
  • Founded: 2011
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Market Cap: S$15.417m
  • Listing Market Cap: S$11.412m
  • Shares outstanding: 811.40m
  • Website: https://www.rhealthtrust.com

Location

  • RHT Health Trust
  • No. 09-03/04, Tong Building
  • 302 Orchard Road
  • Singapore
  • 238862
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RF1USGX (Singapore Exchange)YesCommon UnitsSGSGDOct 2012
RLGH.FOTCPK (Pink Sheets LLC)YesCommon UnitsUSUSDOct 2012

Biography

RHT is the first business trust to be listed on the Main Board of the Singapore Exchange Limited ("SGX-ST") with India based healthcare assets. Since listing, the investment mandate of RHT has been to principally invest in income-yielding real estate and real estate related assets used or to be used primarily as business space1 in Asia and Australasia. On the 15 January 2019, RHT's entire asset portfolio was sold to Fortis Healthcare Limited. Currently, RHT's assets comprise mainly of cash. Business space includes, but is not limited to, space used for information technology, information technology enabled services (includes various services ranging from call centres, claims processing, medical transcription, e-customer relationship management, supply chain management to back office operations such as accounting, data processing and data mining), high tech, science, healthcare, education, accommodation, business, industrial, logistics, warehousing and office purposes and such other supporting amenities. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/09 00:30
End of Day Share Price2019/10/11 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.