- IHH Healthcare (SGX:Q0F)'s 1H23 core net profit of RM776.7m (ex. deferred tax expenses) was below expectations at 43.6%/46.3% of our/consensus FY23F estimates.
- Although IHH’s adoption of the Malaysian Financial Reporting Standard (MFRS) 129 in 2Q22 to account for the classification of Turkey as a hyperinflationary environment led to volatility to its profitability, we observe a much a lower impact on IHH’s 2Q23 reported net profit of RM301.8m from exceptional items (EI) of a negative RM13.2m compared to the positive RM294.6m EI recognised in 2Q22.
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Hospital and Healthcare operational statistics at a glance
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Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
TAY Wee Kuang CGS-CIMB Research | https://www.cgs-cimb.com 2023-08-30
Read also CGS-CIMB's most recent report:
2023-12-02 IHH Healthcare - Scope For Better Profitability.
Previous report by CGS-CIMB:
2023-12-01 IHH Healthcare - An All-Around Improvement In 3Q23.
Price targets by 2 other brokers at IHH Healthcare Target Prices.
Listing of research reports at IHH Healthcare Analyst Reports.
Relevant links:
IHH Healthcare Share Price History,
IHH Healthcare Announcements,
IHH Healthcare Dividends & Corporate Actions,
IHH Healthcare News Articles
