KPJ (HOLD), IHH (BUY) and other private healthcare providers to play role in vaccination programme. We opine that private hospitals and clinics would help in Malaysia’s Covid-19 vaccination programme. This is due to the cold chain facility, logistical and manpower limitations of the public sector. We think that private healthcare providers may receive a fixed fee from the government in return for their service, though we doubt that operating profit margins would be high due to this being a national service.
We maintain OVERWEIGHT on the Malaysian private healthcare sector. Although a recovery in inpatient volume is only expected to be modest in 2021F, earnings prospects for the sector are positive. This is due to potential public-private collaborations, improved margins as a result of cost-cutting measures and a focus on low capex and gestational period projects. Over a longer time period, the recovery in medical tourism, improved public health awareness and an aging population would drive the next level of growth in the healthcare sector.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bulldog
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Posted by bulldog > 2021-01-06 09:18 | Report Abuse
Hold tight
Huat chaiii