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Top Calls
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Sector Update � Healthcare (OVERWEIGHT,
upgrade)
- Pricey but for a reason Demand for ASEAN healthcare stocks are raising including Malaysian healthcare operators which have rallied 34% yoy. Backed by resilient healthcare demand and continuous capacity expansion, we believe current valuations are justified. We expect earnings for IHH and KPJ to grow at a 3-year CAGRs of 23% and 15%, respectively. Upgrade KPJ to BUY (from HOLD), sector to OVERWEIGHT (from NEUTRAL) with IHH as top pick.
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Other Calls
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For
important disclosures, please refer to the Disclosure section at the end of
the individual linked research reports. |
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