Shares of Singapore healthcare companies in demand, with Raffles Medical Group (R01.SG) rising to $1.92, near six-week high of $1.93, Thomson Medical Center (5FV.SG) at all-time peak of $0.83, says Dow Jones.

Both companies recently turned in higher quarterly earnings on increased healthcare demand.

Trader at local brokerage offers any explanation: “Investors are taking a greater interest in these companies as the Parkway takeover has raised the profile of the sector. The healthcare business is basically defensive and stable, and the Parkway tussle has helped to reinforce these traits.”

Raffles Medical’s 2Q10 earnings +20.3% on year at $10.6 million, while Thomson Medical’s May-quarter net profit +43.5% at $4.9 million.