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

• 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 an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

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 Dividend Payout Dates & Corporate Actions,
Econ Healthcare News