- IHH Healthcare (SGX:Q0F)'s revenue grew 26.8% y-o-y to RM5.83bn in 3Q23, bringing 9M23 revenue to RM15.6bn, ahead of expectations at 78.0%/80.1% of our/Bloomberg consensus’ FY23F estimates.
Core revenues recovered in 3Q23
- - Read this at SGinvestors.io -
- Bed occupancy rate (BOR) across the group of IHH Healthcare reached 70% in 3Q23, up from 67% in 2Q23. No BOR data was provided for each country.
Net loss of RM62.3m in 3Q23 due to FX
- - Read this at SGinvestors.io -
- The persistent hyperinflationary environment in Turkey also led to higher depreciation and amortisation as a result of the reindexation of its assets in Turkey.
IHH Healthcare's hospital and healthcare operational statistics at a glance
- Read more at SGinvestors.io.
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 2023-12-01
Read also CGS-CIMB's most recent report:
2023-12-02 IHH Healthcare - Scope For Better Profitability.
Price targets by 4 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 Dividend Payout Dates & Corporate Actions,
IHH Healthcare News
