Tellimer

MY : KPJ Healthcare - 1H21F to be bogged down by MCO 3.0

1Q21 core net profit of RM13.6m (-66.3% yoy) came in below expectations, mainly due to weak patient visitations due to MCO 2.0. MCO 3.0 could cause visitations to remain weak in 2Q21F, but this could be partially offset by decanted non-Covid-19 patients from public hospitals. Reiterate Add. Our lower TP of RM1.10 is still based on 24.5x CY22F P/E.


Most Viewed See latest
Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not con...

Full Tellimer disclaimers