IHH Healthcare Bhd’s 70:30 joint venture with Shanghai Broad Investments to lease and operate a 350-bed tertiary hospital in Chengdu, China, is deemed positive, says Maybank Investment Bank Research.
It said on Monday the deal is a positive for the healthcare group as it provides a stronger foothold in an underpenetrated market, with strong demand for quality healthcare services.
“Upfront capex should be manageable via internal funds or new debts with a low net gearing of 0.12 times end-Jun 2015,” the research house said.
It maintains its FY17 forecast for now as the positives of IHH’s long-term prospects are already priced in.
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It said on Monday the deal is a positive for the healthcare group as it provides a stronger foothold in an underpenetrated market, with strong demand for quality healthcare services.
“Upfront capex should be manageable via internal funds or new debts with a low net gearing of 0.12 times end-Jun 2015,” the research house said.
It maintains its FY17 forecast for now as the positives of IHH’s long-term prospects are already priced in.
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