Renewal capex to enhance IHH's service levels in Singapore

KUALA LUMPUR: AmInvestment Bank Research is positive over the renewal capex stemming from the agreement between Parkway Life REIT (PLife REIT) and IHH Healthcare Bhd in relation to three Singapore hospital properties.

"While the master lease agreement was within expectation, we view the renewal capex works as a good opportunity for IHH to deepen the level of service it can offer to its patients, appealing to a wider range of both local and foreign customers.