IHH Healthcare Is Poised for Record-Breaking Revenue -- Market Talk

Dow Jones

Sep 30, 2024

0128 GMT - IHH Healthcare looks set for record-breaking revenue this year, supported by its organic and inorganic growth strategy, Malaysia's visa-free entry for Chinese tourists as well as inelastic demand for healthcare services, RHB IB analyst Oong Chun Sung says in a note. Recent news of potential corporate restructuring to strengthen major shareholders' holding has renewed investor interest, especially as the stock has been trading below its historical valuation average, he says. However, with over 75% of IHH's revenue from Turkey, Singapore and India's operations, the company faces FX risk given the stronger ringgit, with a 5% currency variance potentially impacting net profit by 0.3%-3.7%, he says. RHB raises IHH's target price to MYR8.80 from MYR8.00, while maintaining a buy rating on the stock. Shares are 0.7% lower at MYR7.15.(yingxian.wong@wsj.com)

(END) Dow Jones Newswires

September 29, 2024 21:28 ET (01:28 GMT)

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Recent news of potential corporate restructuring to strengthen major shareholders' holding has renewed investor interest, especially as the stock has been trading below its historical valuation average, he says. However, with over 75% of IHH's revenue from Turkey, Singapore and India's operations, the company faces FX risk given the stronger ringgit, with a 5% currency variance potentially impacting net profit by 0.3%-3.7%, he says. RHB raises IHH's target price to MYR8.80 from MYR8.00, while maintaining a buy rating on the stock. Shares are 0.7% lower at MYR7.15.(yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 29, 2024 21:28 ET (01:28 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IHH Healthcare Is Poised for Record-Breaking Revenue -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIHH Healthcare Is Poised for Record-Breaking Revenue -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-09-30 09:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0128 GMT - IHH Healthcare looks set for record-breaking revenue this year, supported by its organic and inorganic growth strategy, Malaysia's visa-free entry for Chinese tourists as well as inelastic demand for healthcare services, RHB IB analyst Oong Chun Sung says in a note. Recent news of potential corporate restructuring to strengthen major shareholders' holding has renewed investor interest, especially as the stock has been trading below its historical valuation average, he says. However, with over 75% of IHH's revenue from Turkey, Singapore and India's operations, the company faces FX risk given the stronger ringgit, with a 5% currency variance potentially impacting net profit by 0.3%-3.7%, he says. RHB raises IHH's target price to MYR8.80 from MYR8.00, while maintaining a buy rating on the stock. Shares are 0.7% lower at MYR7.15.(yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 29, 2024 21:28 ET (01:28 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HCSG","symbol_name":"Healthcare Svcs Group Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2471183078","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2471183078","pubTimestamp":1727659680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0128 GMT - IHH Healthcare looks set for record-breaking revenue this year, supported by its organic and inorganic growth strategy, Malaysia's visa-free entry for Chinese tourists as well as inelastic demand for healthcare services, RHB IB analyst Oong Chun Sung says in a note. Recent news of potential corporate restructuring to strengthen major shareholders' holding has renewed investor interest, especially as the stock has been trading below its historical valuation average, he says. However, with over 75% of IHH's revenue from Turkey, Singapore and India's operations, the company faces FX risk given the stronger ringgit, with a 5% currency variance potentially impacting net profit by 0.3%-3.7%, he says. RHB raises IHH's target price to MYR8.80 from MYR8.00, while maintaining a buy rating on the stock. 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However, with over 75% of IHH's revenue from Turkey, Singapore and India's operations, the company faces FX risk given the stronger ringgit, with a 5% currency variance potentially impacting net profit by 0.3%-3.7%, he says. RHB raises IHH's target price to MYR8.80 from MYR8.00, while maintaining a buy rating on the stock. Shares are 0.7% lower at MYR7.15.(yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 29, 2024 21:28 ET (01:28 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}