Equity Analysis /
Malaysia

MY : KPJ Healthcare - Recovery from 4Q21F still priced in

    CGS-CIMB
    29 November 2021
    Published by

    EBITDA margin may rise from 1Q22F as costs are passed on to customers. KPJ expects qoq earnings improvement in 4Q21F and full recovery in FY22F. Reiterate Hold and TP of RM1.05 (33x FY23F P/E).