Sunway Medical could be worth at least RM1.5bil

Profitable: Sunway’s healthcare division, namely Sunway Medical, reported a pre-tax profit of RM37.65mil in financial year 2016.

Sunway Group’s healthcare division, which is slated for a listing in two years, should carry a value of at least RM1.5bil when it goes public.

This is based on back-of-the-envelope calculations by ascribing a price to earnings multiple enjoyed by healthcare listings on Bursa Malaysia to this unit.