Alliance DBS maintains Hold on KPJ Healthcare

KUALA LUMPUR: Alliance DBS Research is maintaining its Hold call on KPJ Healthcare with a target price of RM4 based on sum-of-parts valuation after the company announced plans for a 300-bed hospital in Selangor.

The research house said on Friday the RM4 implied a 33 times FY15F earnings per share and 3.7 times price-to-book value.