(Sept 4): At 39, Chin Wei Jia is fresh-faced, youthful and poised to take over the running of Health Management International (HMI) as it embarks on its next phase of life. The company is set to expand the capacity of its two hospitals in Malaysia, while keeping a close eye on increasingly affluent locals as well as visitors from the region heading there to seek specialist medical treatment.
As The Edge Singapore reported last week (Issue 794, Aug 28), HMI is among a clutch of healthcare stocks listed on the Singapore Exchange that has benefited from positive investor sentiment over the past couple of years. The sector outperformed the benchmark Straits Times Index last year, buoyed by expectations that rising wealth and ageing populations in Singapore and the region would be lucrative for healthcare services providers.
HMI offers investors a play on growing demand in Malaysia. The company traces its roots to Chin’s father, family physician Dr Chin Koy Nam, who banded together with fellow doctors to found Balestier Medical Centre in 1991. It was incorporated as HMI in 1998, listed on the secondary board in 1999, and moved to the Mainboard in 2008. Chin currently serves as CEO while her mother, Gan See Khem, is executive chairman. Her brother, Wei Yao, is the group’s chief financial officer.