KUALA LUMPUR: PublicInvest Research has maintained its Neutral call on KPJ with an unchanged target price of RM6.20 after it partnered with UTM Holdings Sdn Bhd, a unit of Universiti Teknologi Malaysia to build and operate a new private hospital in Skudai, Johor.
“Costing about RM128mil, the construction of the 150-bed hospital is expected to be completed in two years, with the option to expand its capacity to a maximum of 500 beds,” the research house said on Monday.
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