KPJ Healthcare Likely to Post Stronger 2H Earnings
Dow Jones
Aug 19
0125 GMT - KPJ Healthcare's 2H earnings could pick up, driven by higher revenue intensity, patient volumes and continued cost optimization, says TA Securities analyst Tan Kong Jin in a note. Health tourism remains a key growth area, with its contribution to KPJ at about 6.5%, versus around 15% for peers IHH Healthcare and Sunway Healthcare, he notes. KPJ plans to expand its centers of excellence to 15 over the next five years, focusing on stroke, cancer, cardiovascular and orthopaedic care. It also targets adding about 2,200 beds to reach 6,270 by end-2030, on rising demand for private healthcare from an ageing population, he adds. TA Securities has a buy rating and target price of 3.61 ringgit. Shares are 2.6% higher at 3.10 ringgit.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.