KPJ Healthcare Berhad

Daily Express, Sabah : MIDF Research upbeat over KPJ Healthcares prospects

MIDF Research remains upbeat over KPJ Healthcare Bhd's (KPJ) prospects based on five key takeaways.

KUALA LUMPUR: MIDF Research remains upbeat over KPJ Healthcare Bhd's (KPJ) prospects based on five key takeaways. These are, private health care industry to maintain resilient growth, aggressive expansion plan to be

sustained, asset light strategy to support expansion, new venture into the aged care business and growing medical tourists. KPJ Healthcare it said, is now in the midst of processing, the sixth tranche of asset injection.

"It is estimated that the asset light strategy KPJ has been adopting has enabled it to unlock the value and realise the capital gains in its assets, and free up cash for further expansion.

"KPJ Healthcare also stands to reap steady dividends from its Al-Aqar shareholding.

" We continue to like this strategy, which we believe, has been a major contributing factor,to its impressive growth in recent years," it said in a research note Monday.

The research house said KPJ Healthcare cofnmenced operations of the KPJ Klang Specialist Hospital in May this year, and believes the growth story, will continue in the foreseeable future.

"Based on its proven track record, we are confident that the management will be able to sustain KPJ Healthcare's growth momentum, maintaining its top line growth rate and preserving profitability," it added- Bernama