Doctors are one of the most revered occupations in our society. There are many parents who wished their children can become doctors. This is not surprising consider that it is noble saving the lives of others and receive a high pay at the same time.
Healthcare is a basic need and is growing in demand due to an aging population. People are also worried about a rising healthcare cost.
With these underlying trends and concerns, it is of no surprise that medical stocks are a favourite among investors.
But the reality has been baffling – medical stocks have taken a beating in recent years and the FTSE ST Health Care Index was down by 29% in the past five years!
Chart from Shareinvestor
I believe the healthcare stocks in Singapore are more attractively priced now than before.
The long term healthcare trend is still intact and this might be a good opportunity