Singapore Stock Market News

IHH Healthcare - 3QFY12 results preview

StockFanatic
Publish date: Thu, 22 Nov 2012, 12:36 PM
StockFanatic
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Call it expensive or its valuations unjustified but IHH has been defying the odds. In the last three months, it had debuted on two exchanges and stayed well above its IPO price. The question is, how defensive can the stock be after results?

We are expecting a core EPS of 1.5 sen for 3Q12 and 4.6 sen for 9M12 (25% and 77% of FY13 estimates respectively). FY13 EPS has been reduced to factor in higher opex related items. Reiterate Outperform rating and SOP target price, with catalysts expected from ramp-up of Novena Hospital, and revenue intensity in all three key geographies.
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