AmInvestment has a fair value of RM7.20 a share for IHH Healthcare Bhd
PETALING JAYA: The opening of the Gleneagles Hong Kong hospital by the end of March should be a strong earnings growth catalyst for IHH Healthcare Bhd
, whose earnings took a hit in the financial year ended Dec 31, 2016 largely due to unrealised foreign exchange losses.
RHB Research Institute explained that the tight supply of private healthcare, strong private healthcare insurance demand and higher healthcare costs in Hong Kong compared to Singapore and Malaysia would drive this growth catalyst.
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