Econ Healthcare - DBS Research 2022-11-10: Watch For Headwinds

Econ Healthcare - Watch For Headwinds

Published:
ECON HEALTHCARE (ASIA) LIMITED (SGX:EHG) | SGinvestors.ioECON HEALTHCARE (ASIA) LIMITED (SGX:EHG)

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





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