Singapore Stock Market News

IHH Healthcare - Turkish bittersweet treats

StockFanatic
Publish date: Tue, 18 Jun 2013, 12:18 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
As the Turkish unrest enters its third week, news reports are now focussing on the political implications of the Prime Minister's crackdown on protestors. We see potential damage to the country's image, but expect minimal adverse impact on IHH's Acibadem unit.

Our conversation with IHH's management and channel checks revealed no immediate cause for concern yet. Its share price pullback since late-May was driven by market fears, rather than a reaction to the Istanbul civil unrest. We retain our EPS estimates, SOP target price and Outperform rating as we see a more robust ramp-up of group's global operations going forward.
Read more »
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment