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BoS: Healthcare sector has strong long-term growth prospects

Bank of Singapore believes that the repeal of Obamacare will not derail the US healthcare sector’s long-term prospects, since the sector’s fundamentals remain strong. “Valuations remain relatively undemanding while M&A activities provide potential upside catalysts,” the bank says in its latest investment note. “We continue to remain tactically overweight on the healthcare sector.” “Demographic shifts will intensify the pressures on…

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