IHH Healthcare - CGS-CIMB Research 2023-12-02: Scope For Better Profitability

IHH Healthcare - Scope For Better Profitability

Published:
IHH Healthcare (SGX:Q0F) | SGinvestors.ioIHH Healthcare (SGX:Q0F)
  • During its analyst briefing held on 1 Dec 23, IHH Healthcare (SGX:Q0F) identified 5 pillars of growth to support continued revenue growth, and targets double-digit ROE ahead. They include:
    1. organic bed expansion,
    2. - Read this at SGinvestors.io -
    3. developing new growth engines,
    4. accretive M&A and
    5. turnaround of underperforming assets.

Room for EBITDA expansion with strong underlying demand

  • In Malaysia, bed occupancy rate (BOR) improved to 74% in 3Q23, the highest in the past year, with growth in both local and foreign patients. IHH Healthcare sees room for improvement from the addition of new beds across the country.
  • India’s EBITDA margin rose to a historical high of 21.8% in 3Q23, with scope to grow given IHH Healthcare’s ongoing portfolio evaluation of its hospitals.
  • - Read this at SGinvestors.io -
  • In Hong Kong, 3Q23 operations were affected by the typhoon in Sep, resulting in only modest revenue growth of 0.6%, but IHH Healthcare has ramped up opex ahead of new bed openings, resulting in EBITDA decline of 30.2% q-o-q.

Expanding across the healthcare continuum in Singapore & Hong Kong

  • 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 2023-12-02



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





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