CIMB Starts IHH Healthcare At Outperform, Target S$1.53

03 Sep 2012

CIMB starts IHH Healthcare (Q0F.SG) at Outperform with S$1.53 target. "IHH's extensive footprint in a defensive sector is one of the best business models around.  It possesses steady-growth profile, driven by unquenchable demands for better healthcare needs. This is a direct play on the rising global healthcare costs." It notes IHH operates an integrated healthcare business and related services, with market leadership in its three home markets of Singapore, Malaysia and Turkey as well as operations and investments in China, India, Hong Kong, Vietnam, Brunei and Macedonia.  It adds, IHH's ability to capture the huge demand for medical travel is a big plus, with its key home markets able to act as regional hubs for medical travel. IHH's sponsorship of the Parkway Life REIT (C2PU.SG) also provides opportunities not readily available to other healthcare players, with possible further asset-recycling chances among its Malaysian assets, and with freed capital likely redeployed to growth frontiers, it says. The stock is flat at S$1.25.

DBS Vickers Starts IHH Healthcare At Buy

1.  CCK Consolidated 4Q Net MYR4.57M Vs MYR3.71M

2. Wing Tai Malaysia 4Q Net MYR14.9M Vs MYR53.3M

3. Metrod Holdings 2Q Net MYR3.03M Vs MYR3.14M

4. TSH Resources 2Q Net MYR14.6M Vs MYR36.0M

5.KrisAssets 2Q Net MYR42.1M Vs MYR72.3M

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DBS Vickers Starts IHH Healthcare At Buy

DBS Vickers initiates IHH Healthcare (Q0F.SG) at Buy with S$1.38 target.  "Current industry trends favor IHH's growth over the next few years. These include ageing population, developing healthcare markets in Asia, rising affluence and increasing medical tourism in the region."  It forecasts FY11-14 topline CAGR of 16.4%, on its expanding network and higher patient load and intensity, with robust net profit CAGR of around 55% as increased operating efficiencies boost margins and as interest expenses fall.  It believes the stock should command a scarcity premium as IHH offers growth and leading healthcare market exposure in various countries. The stock is flat at S$1.24.

IHH Healthcare to Be Included in Benchmark FTSE Bursa Malaysia KLCI From Aug 1

25 Jul 2012 11:49

KUALA LUMPUR--Malaysia's stock exchange said Wednesday that the benchmark FTSE Bursa Malaysia KLCI index will include IHH Healthcare Bhd (5225.KU) from Aug. 1 after the hospital operator raised $2 billion in the world's third-largest initial public offering so far this year. "The FTSE Bursa Malaysia Index Series Ground Rules allow for the inclusion of sufficiently large stocks after an IPO to ensure that the index accurately reflects the market it measures," Bursa Malaysia Bhd. (1818.KU) said in a statement. IHH Healthcare will replace MMC Corp. Bhd (2194.KU) in the 30-share index, the statement added. At the end of the first day's trading Wednesday, IHH shares closed up 10.4% at MYR3.09 with 390 million shares changing hands and valuing the company at US$7.82 billion, when the KLCI index gained 0.2% to 1635.09.