IHH Healthcare - RHB Invest 2023-08-30: Still Thriving Despite Macro Challenges; Keep BUY

IHH Healthcare - Still Thriving Despite Macro Challenges; Keep BUY

IHH Healthcare (SGX:Q0F) | SGinvestors.ioIHH Healthcare (SGX:Q0F)
  • IHH Healthcare’s 2Q23 core earnings were flattish y-o-y at MYR315m, bringing 1H23 numbers to 46% and 40% of our and consensus’ estimates. Weaker-than-expected results were mainly due to higher cost of operations and utilities, as well as increased spending on repairs and maintenance.
  • - Read this at SGinvestors.io -

IHH's 1H23 core earnings disappointed

  • IHH Healthcare (SGX:Q0F)'s 1H23 core earnings disappointed, due to the consolidation of staff costs for its newly acquired entities, Ortopedia Hospital and Kent Health Group.
  • - Read this at SGinvestors.io -
  • Hospital revenue across key segments posted positive y-o-y growth, with total hospital and healthcare division revenue growth of 22% and 2% q-o-q. Key drivers were mainly the Turkey and Greater China divisions.

Segmental breakdown.

  • Read more at SGinvestors.io.

Oong Chun Sung RHB Securities Research | https://www.rhbgroup.com/ 2023-08-30

Read also RHB's most recent report:
2024-05-30 IHH Healthcare - Earnings Supercharged By Strong Operating Stats; BUY.

Previous report by RHB:
2024-03-05 IHH Healthcare - Thriving In All Regions; Keep BUY.

Price targets by 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


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