Kenanga cuts forecast on IHH, maintains underperform

KUALA LUMPUR: Kenanga research has cut its forecast on IHH Healthcare Bhd as 1H19 core net profit came in below expectations on lower-than-expected contribution from Acibadem.

In a note, the research house said the health care provider's core net profit came in 14% higher year-on-year at RM428.5mil, which met 41% and 40% of its and consensus full-year estimates.