IHH Healthcare: Greenfield venture in Shanghai
-Entered into 70/30 JV with Shanghai Hongxin Medical Investment
-JV will develop a 450-bed tertiary hospital in Shanghai New Hongqiao Int'l Medical Centre
-the new tertiary hospital is expected to open in 2020 and provide a range of specialist and healthcare services
-the hospital will target the premium market and hire the top local doctors
-In other parts of China, IHH is opening a 350-bed hospital in Chengdu in 2H17, and currently operates 9 clinics in the mainland
-Nevertheless, Maybank KE believes positives for IHH have been priced in, and hence maintains a hold call with TP of MYR6.13
No comments:
Post a Comment