PETALING JAYA: Despite valuations of heathcare stocks such as IHH Healthcare Bhd reaching their highs in the past week, analysts said the bullish trend for such stocks could sustain in the immediate term.
IHH was the second top performer among component stocks of the FTSE Bursa Malaysia KL Composite Index, bucking the negative sentiment on the broader index and rising 22.2% in the year-to-date period. The FBM KLCI, meanwhile, posted 1.78% returns in the same period.
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