IHH Healthcare, on Sept 26, released a statement to reaffirm its commitment to its patients in India, to Fortis as well as investors in the group.The statement was made after the group was “aware” that there was “keen interest” regarding the latest judgement made by the Indian Supreme Court ...

Parkway Life REIT Price target: CGS-CIMB Research ‘hold’ $5.06 Citibank Research ‘neutral’ $5.02 Boost from new acquisitions Analysts are upbeat about Parkway Life REIT (PLife REIT) following its latest acquisition announced on Sept 13.PLife REIT announced the acquisition of three nursing h...

IHH Healthcare through its wholly-owned subsidiary Pantai Medical Centre today signed a memorandum of understanding (MOU) with the Ministry of Health Malaysia to extend the care and treatment of cancer patients in Malaysia through its network comprising Pantai Hospitals, Gleneagles Hospitals and Pri...

CGS-CIMB Research analyst Tay Wee Kuang is still recommending investors “add” their positions into IHH Healthcare Bhd even after discussions in relation to the acquisition of Ramsay Sime Darby Health Care Sdn Bhd were terminated.Tay has retained his target price of RM8.07 ($2.50).On Sept 9, IHH ...

THE following companies saw new developments that may affect trading of their securities on Monday (Sep 12):

A US court has granted IHH Healthcare’s motion to dismiss a suit brought against it by US fund Emqore Envesecure Private Capital, the mainboard-listed company disclosed in a Friday (Sep 9) bourse filing.

MALAYSIAN hospitality group IHH Healthcare’s discussions to fully acquire Ramsay Sime Darby Health Care (RSDHC) for RM5.67 billion (S$1.83 billion) have been terminated, announced the healthcare provider on Friday (Sep 9).

The discussions between IHH Healthcare Berhad, Ramsay and Sime Darby Holdings, where IHH has proposed to acquire 100% of Ramsay Sime Darby Health Care Sdn Bhd, have resulted in a non-binding agreement.“The board of IHH wishes to announce that discussions between IHH, Ramsay and Sime Darby Holdings...

Analysts remain optimistic on IHH Healthcare on the back of a strong rebound in its normal businesses post-reopening in 2QFY2022, offsetting a significant decline in Covid-19-related services.CGS-CIMB Research analyst Tay Wee Kuang points out that Covid-19 services only made up 3% of IHH’s 2QFY202...

THE following companies saw new developments that may affect trading of their securities on Friday (Aug 26):

IHH Healthcare has reported earnings of RM612 million ($190 million), up 27% y-o-y for its 2QFY2022 ended June 30.This translates to basic earnings per share (EPS) of 6.69 sen for the quarter, compared to EPS of 5.26 sen a year ago.Revenue for the period increased 2% y-o-y to RM4.37 billion on conti...

MALAYSIAN hospital group IHH Healthcare reported a 27 per cent rise in its net profit for the second quarter ended Jun 30, due mainly to an exceptional gain of RM295.5 million (S$91.8 million). This arose from restating financial statements according to a reporting standards framework in hyp...

Healthcare is a “beneficiary” during periods of high inflation, says DBS Research analyst Rachel Tan in her healthcare industry report dated Aug 16.Given the global supply disruptions and ongoing geopolitical tensions, Singapore’s consumer price index (CPI) spiked from 2.29% in 2021 to 6.7% in...

Parkway Life REIT has reported a distribution per unit of 7.06 cents for 1HFY2022 ended June, up 1.5% y-o-y.Net property income for the same period was $56 million, up 1.1% y-o-y, revenue was up 1% to $60.18 million.The distribution will go ex on Aug 16 and be paid on Aug 19.The slight increase was ...

ASIAN hospital giant IHH Healthcare has made a strategic move to sell its education arm — a move that will allow it to sharpen its focus on its core healthcare business even as it embarks on a plan to expand its global presence.