IHH Healthcare Bhd

IHH Healthcare Bhd

Postby winston » Thu Jun 09, 2016 9:45 am

AmInvestment retains Hold on IHH after China expansion

AmInvestment is retaining its Hold call for IHH Healthcare Bhd with an unchanged sum-of-parts based fair value of RM7.20 a share.

It commented on Thursday IHH is opening a second tertiary hospital in China following a land contract signed between its JV and the land authority of Shanghai.


IHH is currently operating nine clinics in Shanghai, Beijing and Suzhou and a clinic in HK. It is also constructing the 500-bed Gleneagles HK – slated to open in early 2017.


Maintain Hold; while it is fairly valued, we like IHH for its diversified footprint and better margins.

It is currently trading at 51 times price-to-earnings – close to our implied target PE of 57 times and on par with its three-year average”


Source: The Star

http://www.thestar.com.my/business/busi ... expansion/
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Re: IHH Healthcare Bhd

Postby behappyalways » Wed Apr 03, 2019 9:32 pm

Trio of troubles has Malaysia's IHH losing US$800 million in value

1. A whipsawing Turkish lira
2. A major shareholder, EPF, cutting its stake and
3. Continued uncertainty over a plan to buy Fortis Healthcare


Source: The Edge

https://www.theedgesingapore.com/?q=tri ... lion-value
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Re: IHH Healthcare Bhd

Postby winston » Thu Dec 19, 2019 4:05 pm

not vested

Dec 2, 2019

Foreign patients’ growth in key markets

9M19 core profits fell on higher interest expenses and forex /fair value losses; mitigated by better operational performance and contributions from new hospitals including Fortis

9M19 revenue and EBITDA (ex-MFRS16) grew on constant currency basis

Key highlights include strong operational performance in Singapore and Malaysia, EBITDA margin growth, opening of Gleneagles Chengdu, Gleneagles HK’s additional beds and reduction of non-TRY debt to below US$200m by year-end

Maintain BUY; TP of RM6.40

Source: DBS

https://researchwise.dbsvresearch.com/R ... =faaefkhab
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Re: IHH Healthcare Bhd

Postby winston » Thu Dec 19, 2019 4:15 pm

9M19: Mixed Bag As Results Disappoint

9M19 core earnings fell 8% yoy, below expectations.

Core markets remained as positive bright spots, displaying healthy growth despite their maturity. Acibadem and India eked out decent operational stats with Fortis growing margins for the fourth consecutive quarter.

GHK remained a drag. While we like IHH, teething externalities may represent an impediment to its earnings delivery and a rerating.

Maintain BUY with a lower SOTPbased target price of RM5.93 (from RM6.50).

Source: UOBKH

https://research.uobkayhian.com/content ... 7fd0f801b7
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Re: IHH Healthcare Bhd

Postby winston » Fri May 07, 2021 3:14 pm

not vested

Maintain BUY, lower TP to RM6.15.

We maintain our BUY rating on IHH Healthcare (IHH) but lower our target price (TP) from RM6.40 to RM6.15.

We remain positive on IHH’s growth plans, with a pipeline of new hospitals in China and potential escalation in expansion momentum in India despite near-term headwinds from COVID-19 and gestation period of new hospitals.

Trading at 1.5 standard deviation (SD) below its historical average, we believe that IHH’s valuation is attractive to ride on recovery post re-opening of the economy.

Valuation
We maintain our BUY rating but lower TP to RM6.15 from RM6.40, based on sum-of-parts (SOP) valuation methodology by geography.

Source: DBS

https://www.dbs.com.sg/treasures/aics/s ... IHH_MK.xml
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