Stock Name: KPJ
Company Name: KPJ HEALTHCARE BHD
PublicInvest Research started KPJ Healthcare Bhd with an "outperform" call and target price of RM7.14 per share, citing plenty of room for growth for the Malaysia's largest healthcare provider going forward.
"We like KPJ for its proven track record of growing its revenue and earnings consistently for the past ten years, the recession-proof nature of its business and promising long-term growth prospects," the broker said in a research note on Tuesday.
PublicInvest said KPJ enjoyed the benefits of a captive market as patients do not have other choices for private healthcare unless they travel to other places.
"As the main private hospital in Malaysia, KPJ also stands to benefit from the spillover effect of overcrowded public hospitals," it added.
By 9.32am, KPJ's shares was unchanged at RM5.78 per share, as compared with the Malaysia's benchmark stock index that dropped 1 percent. -- Reuters
Company Name: KPJ HEALTHCARE BHD
| Research House: PUBLIC BANK | Price Call: BUY | Target Price: 7.14 |
PublicInvest Research started KPJ Healthcare Bhd with an "outperform" call and target price of RM7.14 per share, citing plenty of room for growth for the Malaysia's largest healthcare provider going forward.
"We like KPJ for its proven track record of growing its revenue and earnings consistently for the past ten years, the recession-proof nature of its business and promising long-term growth prospects," the broker said in a research note on Tuesday.
PublicInvest said KPJ enjoyed the benefits of a captive market as patients do not have other choices for private healthcare unless they travel to other places.
"As the main private hospital in Malaysia, KPJ also stands to benefit from the spillover effect of overcrowded public hospitals," it added.
By 9.32am, KPJ's shares was unchanged at RM5.78 per share, as compared with the Malaysia's benchmark stock index that dropped 1 percent. -- Reuters
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