The world went into real uncharted territories in 2020, starting with a pandemic no one had foreseen, and one the world had not experienced in decades. And while the subsequent slump in the equity markets was expected, the wild surge upwards as bulls dominated � including in Bursa Malaysia � was rat...

IHH Healthcare Bhd., Asia’s most valuable hospital group, said it is ready to administer coronavirus vaccine once they are rolled out in the 10 countries it operates in. The Malaysian company has a trained staff of 55,000 across 80 hospitals it runs from Turkey to Singapore, as well as cold-storag...

Innovation is traditionally done in-house by internal R&D teams. However, as the business environment changes rapidly, companies are also happy to look elsewhere to help solve problems via “open innovation” projects. Open innovation is a demand-led approach where companies call for ways to s...

IHH Healthcare has posted earnings of RM310.0 million ($101.7 million) for the 3QFY2020 ended September, reversing from its net loss of RM120.6 million in 2QFY2020. This translates to basic earnings per share (EPS) of 3.28 sen for the quarter, compared to EPS of 2.44 sen a year ago. Y-o-y, the group...

KUALA LUMPUR (Oct 14): Stressing the importance of its 32.9% stake in IHH Healthcare Bhd, Japan�s Mitsui & Co said it may create value to the hospital chain through new businesses, Nikkei Asian Review reported. The news portal quoted Mitsui CEO Tatsuo Yasunaga as saying that IHH could use its data...

Market volume stood at 4.39 billion worth RM3.13 billion. The healthcare index remained the top gainer since the early session, increasing 3.16%, followed by technology, rising 1.95%. �On the main index, 17 heavyweight counters recorded gains, led by Top Glove Corp Bhd which rose 24 sen to RM9, whil...

CGS-CIMB analyst Ngoh Yi Sin has maintained her “add” rating on IHH Healthcare, but with a lower target price of RM6.10 ($2.00) and lower earnings per share (EPS) forecast.  Ngoh has cut her EPS forecast for FY20-22 by 7.3-25.2% to reflect lower patient footfall and the slower return of for...

KUALA LUMPUR (Sept 1): After nearly a year, IHH Healthcare Bhd has completed its acquisition of Prince Court Medical Centre for RM1.02 billion. Prince Court is now the 16th hospital under IHH in Malaysia, the group said in a statement today. The acquisition from Khazanah Nasional Bhd was made via ...

HOSPITAL operator IHH Healthcare has completed its purchase of Prince Court Medical Centre for RM1.02 billion (S$330 million), almost a year after it first announced the proposed acquisition last September.

KUALA LUMPUR (Aug 27): IHH Healthcare Bhd has narrowed its losses to RM120.64 million or 1.64 sen per share in the second quarter ended June 30, 2020 (2QFY20), from RM319.79 million or 3.9 sen per share in the preceding quarter, on lower tax and in the absence of impairment on goodwill of its Global...