$IHH / 5225 (IHH HEALTHCARE BERHAD)
Research by MIDF
BUY – TP RM7.35

" Solidifying the Northern Hospital Cluster”

• IHH Healthcare had proposed acquisition of Island Hospital for RM4b with expansion land valued at RM223m
• Strategic location, high-quality asset, powerhouse for medical tourism in Penang
• Revised FY26-27 earnings forecast, catering to additional expected revenue of +15% from acquired hospital
• Maintain BUY with TP: RM7.35

Analyst:
MIDF Research
research@midf.com.my