[%tVeJ%]
Research by MIDF
BUY – TP RM2.54

"Higher BOR Continue to Support Earnings”
• 1HFY24 normalised earnings up +61%yoy, but slightly below expectations
• Revenue up +15%yoy due to increase in patient visits and higher bed capacity
• Positive on KPJ’s prospects amid strong fundamentals, company focus on strategizing costs; offset by higher competition in sector
• Maintain BUY with TP: RM2.54

Analyst:
MIDF Research
[%MzET%]

$KLSE-KPJ
Research by MIDF
BUY – TP RM2.54

"Higher BOR Continue to Support Earnings”
• 1HFY24 normalised earnings up +61%yoy, but slightly below expectations
• Revenue up +15%yoy due to increase in patient visits and higher bed capacity
• Positive on KPJ’s prospects amid strong fundamentals, company focus on strategizing costs; offset by higher competition in sector
• Maintain BUY with TP: RM2.54

Analyst:
MIDF Research
research@midf.com.my