IHH Healthcare Set to Benefit From Hospital Acquisition in Malaysia -- Market Talk

Dow Jones

Dec 03, 2024

0400 GMT - IHH Healthcare stands to gain from its acquisition of Island Hospital in Malaysia, DBS Group Research analysts say in a research report. Since Island Hospital is the No. 1 medical tourism hospital in Malaysia and the second-biggest private hospital player in Penang, the acquisition will enhance IHH Healthcare's market position in Malaysia. The healthcare service provider expects synergies of more than MYR200 million to be realized over next five years, the analysts note. DBS lifts its 2024 and 2025 earnings estimates for the company by 66% and 47%, respectively. It raises the Singapore-listed stock's target to S$2.58 from S$2.18 and the Malaysia-listed stock's target to MYR8.50 from MYR7.60, keeping buy calls on both. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

December 02, 2024 23:01 ET (04:01 GMT)

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Since Island Hospital is the No. 1 medical tourism hospital in Malaysia and the second-biggest private hospital player in Penang, the acquisition will enhance IHH Healthcare's market position in Malaysia. The healthcare service provider expects synergies of more than MYR200 million to be realized over next five years, the analysts note. DBS lifts its 2024 and 2025 earnings estimates for the company by 66% and 47%, respectively. It raises the Singapore-listed stock's target to S$2.58 from S$2.18 and the Malaysia-listed stock's target to MYR8.50 from MYR7.60, keeping buy calls on both. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 02, 2024 23:01 ET (04:01 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 Set to Benefit From Hospital Acquisition in Malaysia -- 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 Set to Benefit From Hospital Acquisition in Malaysia -- 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\">2024-12-03 12:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0400 GMT - IHH Healthcare stands to gain from its acquisition of Island Hospital in Malaysia, DBS Group Research analysts say in a research report. Since Island Hospital is the No. 1 medical tourism hospital in Malaysia and the second-biggest private hospital player in Penang, the acquisition will enhance IHH Healthcare's market position in Malaysia. The healthcare service provider expects synergies of more than MYR200 million to be realized over next five years, the analysts note. DBS lifts its 2024 and 2025 earnings estimates for the company by 66% and 47%, respectively. It raises the Singapore-listed stock's target to S$2.58 from S$2.18 and the Malaysia-listed stock's target to MYR8.50 from MYR7.60, keeping buy calls on both. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 02, 2024 23:01 ET (04:01 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":"SG9999002604.SGD","symbol_name":"LionGlobal Singapore/Malaysia SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2488583309","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488583309","pubTimestamp":1733198460,"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":"0400 GMT - IHH Healthcare stands to gain from its acquisition of Island Hospital in Malaysia, DBS Group Research analysts say in a research report. 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Since Island Hospital is the No. 1 medical tourism hospital in Malaysia and the second-biggest private hospital player in Penang, the acquisition will enhance IHH Healthcare's market position in Malaysia. The healthcare service provider expects synergies of more than MYR200 million to be realized over next five years, the analysts note. DBS lifts its 2024 and 2025 earnings estimates for the company by 66% and 47%, respectively. It raises the Singapore-listed stock's target to S$2.58 from S$2.18 and the Malaysia-listed stock's target to MYR8.50 from MYR7.60, keeping buy calls on both. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 02, 2024 23:01 ET (04:01 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":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}