IHH Healthcare’s 1QFY2021 ended March results were in line with UOB Kay Hian’s estimates, with analyst Philip Wong viewing it as a ‘strong start to the year’.

Nonetheless, he believes the recent resurgence in pandemic cases will pose headwinds for IHH in the near term. “[With] the tightened Covid-19 measures in both its key markets, Singapore and Malaysia, we expect a soft 2Q2021,” he writes in a June 1 report.

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