IHH Healthcare - RHB Invest 2023-09-01: Growth To Be Anchored By Inorganic Expansion

IHH Healthcare - Growth To Be Anchored By Inorganic Expansion

IHH Healthcare (SGX:Q0F) | SGinvestors.ioIHH Healthcare (SGX:Q0F)
  • Despite a sequentially softer 2Q23, IHH Healthcare’s growth should be mainly driven by M&A, a pick-up in medical tourists in its core markets, and inelastic consumer demand for healthcare services.
  • We still like IHH for its solid execution strategy and reputable regional footprint across key regions, driven by strong brand awareness and an affluent client base.
  • - Read this at SGinvestors.io -

Key takeaways from post-results briefing

  • We emerged from IHH Healthcare (SGX:Q0F)’s post-results briefing feeling positive, as we like its M&A strategy to drive long-term growth.
  • - Read this at SGinvestors.io -
  • IHH's net gearing ratio is healthy at 0.29x, providing ample balance sheet headroom to fund future acquisitions.
  • Despite a seasonally weaker quarter in 2Q23 (due to Aidil Fitri and the Turkey presidential election), management remained upbeat on the prospects going forward, underpinned by Turkey’s more stable political landscape, robust patient traction in Malaysia and Singapore, and inorganic growth opportunities ahead.

Easing concerns on nursing shortage.

  • Read more at SGinvestors.io.

Oong Chun Sung RHB Securities Research | https://www.rhbgroup.com/ 2023-09-01

Read also RHB's most recent report:
2024-03-05 IHH Healthcare - Thriving In All Regions; Keep BUY.

Previous report by RHB:
2024-03-01 IHH Healthcare - Ending The Year With Record High Revenue; Keep BUY.

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


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