Healthcare sector continues to be favoured

For IHH, Maybank IB Research notes that a key event to watch for would be its 31%-owned Indian hospitals operator Fortis’ court hearing on Feb 3,2020.

The healthcare sector continues to be a favoured one by analysts and investors alike, driven by a push for medical tourism, increasing affluence and broader insurance coverage, as well as a growing and ageing population.

As private healthcare players continue to grow their key performance indicators (KPIs), the industry could see some corporate exercises this year.