$IHH / 5225 (IHH HEALTHCARE BERHAD)
Research by MIDF
Buy - TP RM7.35

"Increased Inpatient Visits Boosted 1HFY24 Earnings"

• IHH’s 1HFY24 normalised earnings up +30%yoy; came in within expectations
• Revenue up +23% from increased inpatient visits and higher revenue per admission across all hospitals
• Demand fundamentals for healthcare services robust, but cost pressures remain a risk
• Maintain BUY with unchanged TP: RM7.35

Analyst:
MIDF Research
research@midf.com.my