Bright outlook for IHH on Penang ops

Quick Summary:

PETALING JAYA: Analysts remain upbeat on IHH Healthcare Bhd’s business prospects in Penang, driven by the affluent population and the state’s thriving health tourism sector.

We expect IHSB to be earnings-accretive by 2026 (after accounting for depreciation and finance cost of RM260mil),” said RHB Research.

As a group, IHH said its network of hospitals across its key markets will further enhance clinical offerings.“The group’s strategic priorities include developing new engines of growth and turning around underperforming assets,” it said.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndonesia

Topics: Healthcare Medical /Business/Business News Corporate News IHH

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 00:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 553 words

Reading Time: 4 minutes read

Sentences: 15 lines

Sentence Length: 37 words per sentence (average)

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Copyright Owner: © The Star

News ID: 24246897

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