- We remain cautious on probabilities of a seasonally muted 1Q25 due to a higher concentration of festivities. We also caution on IHH Healthcare's Singapore operations in FY25E given renovation works at Mount Elizabeth hospital which will end before FY26E.
FY24 results within expectations
- - Read this at SGinvestors.io -
- A final dividend of 5.5 sen was also announced (on top of an interim 4.5 sen dividend), which brought to a final dividend payout ratio of 40%. See IHH Healthcare's dividends payout dates.
Earnings slip buoyed by improved EBITDA margins
- - Read this at SGinvestors.io -
- Operationally, we saw an average 1-2ppt y-o-y improvement in terms of hospitals’ FY24 EBITDA margins across all key segments. This had also offset its larger finance cost of MYR1.1b (+13% y-o-y) due to increased borrowings required to fund its recent acquisitions i.e. Island Hospital in Nov 2024.
India & Malaysia to be key focus in FY25
- Read more at SGinvestors.io.
