- See Econ Healthcare's announcement dated 09 Nov 2022 for its 1HFY23 (Mar 22 to Sept 22) earnings update:
1HFY23 financials came below our expectations.
- - Read this at SGinvestors.io -
- Revenue growth was supported by an increase in the number of occupied beds, mostly attributed by the commencement of Econ Care Residences (Henderson) in April 2022. As a form of reference, as at 1HFY23A, operations in Singapore contributed 87% to Econ Healthcare’s top-line revenue, vs Malaysia at 12% and China at 1%.
- - Read this at SGinvestors.io -
- In our view, Singapore’s slower-than-expected ramp-up in occupancy could be attributed to the ongoing concerns around the COVID-19 pandemic.
Watch for staff costs and operating expenses.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Paul YONG CFA DBS Group Research | Singapore Research Team DBS Research | https://www.dbs.com/insightsdirect/ 2022-11-10
Previous report by DBS:
2022-06-03 Econ Healthcare - Still Under A Cloud Of Uncertainty.
Price targets by other brokers at Econ Healthcare Target Prices.
Listing of research reports at Econ Healthcare Analyst Reports.
Relevant links:
Econ Healthcare Share Price History,
Econ Healthcare Announcements,
Econ Healthcare Dividends & Corporate Actions,
Econ Healthcare News Articles
