Singapore Stock Market News
IHH Healthcare - One big objective met
StockFanatic
Publish date: Tue, 07 May 2013, 12:12 PM
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Our recent visit to Mt. Elizabeth Novena Hospital suggests that it is
now at operational breakeven. With this, IHH has met one big
objective it set out during listing. Other targets are being met in an
equally unhurried fashion.
With very minor refinements to our
forecasts, we retain our Outperform
rating and SOP target price. A
continued operational ramp-up at
Novena and revenue intensity in all
its three markets with possible asset
recycling after its HK hospital win
could provide further catalysts, in
our view.
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