KUALA LUMPUR: The recovery in IHH Healthcare Bhd
's overseas business and resilient demand for healthcare should offset the near-term headwinds posed to the group due to the ongoing lockdown in Malaysia.
According to RHB Research, narrowing losses in Gleneagles Hospital Hong Kong, higher contributions from Covid-19-related services and cost-saving initiatives are offsetting the impact from the extension of Phase 1 of the National Recovery Plan.
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