Long-term growth intact for healthcare, AmInvest Research says

However, in the short term, AmInvest Research anticipates a contraction in earnings in 2020 due to the Covid-19 pandemic which will significantly impact the healthcare sector. Recovery is expected to kick in in 2021. - Bernama pic

KUALA LUMPUR: AmInvestment Research has upgraded its recommendation for the private healthcare sector to Overweight from Neutral with Buy calls for KPJ Healthcare and IHH Healthcare.

It said on Tuesday growth prospects for the sector globally are positive over the long term, underpinned by an aging population, rising affluence and increasing life expectancy.