Stock Name: KPJ
Company Name: KPJ HEALTHCARE BHD
Research House: OSK
Company Name: KPJ HEALTHCARE BHD
Research House: OSK
OSK Research has maintained the "buy" call for the KPJ Healthcare at RM4.62 unchanged target price based on 18.5 times price earnings ratio on 2011 financial year earning per share.
"We reiterate our view that KPJ is an excellent choice for long-term investment as it offers a growth story in a defensive sector and is supported by a strategic expansion plan," it said in a research note today.
Yesterday, KPJ's wholly-owned subsidiary, KPJSB, entered into a separate share sale agreement to acquire full interest in Sibu Medical Centre Corporation Sdn Bhd and Sibu Geriatric Health and Nursing Centre Sdn Bhd.
"We are positive on the proposed acquisitions as they tie in with KPJ's ongoing expansion strategy and enable the group to tap into the region's growing demand for private healthcare services, which are generally under-served," it added. -- Bernama
"We reiterate our view that KPJ is an excellent choice for long-term investment as it offers a growth story in a defensive sector and is supported by a strategic expansion plan," it said in a research note today.
Yesterday, KPJ's wholly-owned subsidiary, KPJSB, entered into a separate share sale agreement to acquire full interest in Sibu Medical Centre Corporation Sdn Bhd and Sibu Geriatric Health and Nursing Centre Sdn Bhd.
"We are positive on the proposed acquisitions as they tie in with KPJ's ongoing expansion strategy and enable the group to tap into the region's growing demand for private healthcare services, which are generally under-served," it added. -- Bernama
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