Healthcare seen supported by medical tourism

Top pick: A KPJ hospital in Perlis. AmInvestment Bank has maintained its neutral stance on the sector, with KPJ as its top pick with a buy call and a fair value of RM1.12.

PETALING JAYA: The weakening ringgit against the US dollar may not be all negative for the healthcare sector, especially with the Malaysia Year of Healthcare Travel 2020.

While hospitals may be adversely affected as the costs of key inputs like drugs, medical supplies and equipment are affected by the greenback, the other side of the coin would be the boost in medical tourism.