IHH owns 60% of Turkey-based healthcare group Acibadem Holdings, which contributes about a third of its revenue.
PETALING JAYA: Growth prospects for the healthcare sector is seen to be positive over the long term due to an ageing population, rising affluence and an increasing life expectancy. The local private healthcare sector has an added catalyst of medical tourism backed by highly competitive charges and hospitalisation costs, a generally English-speaking population and various government incentives, according to AmInvestment Research.
The research firm’s top pick is KPJ Healthcare Bhd
with a “buy” call and fair value of RM1.14, due to its vast network of hospitals in Malaysia and potential growth from overseas expansion.
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