SINGAPORE (Jan 8): CIMB is maintaining its “add” call on Health Management International (HMI) with a target price of 83 cents. HMI is also the research house’s top healthcare stock pick.
In a Sunday report, analyst Ngoh Yi Sin believes that the group is well-positioned to ride on the booming medical tourism in Malaysia with its two established hospital there – Mahkota Medical Centre (MMC) in Malacca and Regency Specialist Hospital (RSH) in Johor.
“The RM30 million ($10 million) allocation in Malaysia’s 2018 Budget and additional initiatives to promote medical tourism by the Malaysia Healthcare Travel Council (MHTC) also bode well for the group, in our view,” says Ngoh.
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