OUE Lippo Healthcare

OUE Lippo Healthcare started at 'buy' on improving earnings visibility
SINGAPORE (Mar 11): Soochow CSSSD Capital Markets (SCCM) is starting coverage on OUE Lippo Healthcare (OUE LH) at “buy” with a target price of 8.8 cents, while forecasting a 25.2% earnings per share (EPS) CAGR from FY19-22E as the group enters a “durable earnings expansion phase”, in the research house’s words.   Based on the research house’s valuations, the stock currently ...
Winners and losers from Singapore's budget as election looms
SINGAPORE (Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead of an election that could come as early as this year. Heng announced a new $8 billion support package for seniors in his budget speech on Monday, as well as measures to help local businesses adopt new technologies. ...
OUE Lippo Healthcare JV to manage 3 hospitals in major Chinese cities
SINGAPORE (Dec 31): OUE Lippo Healthcare will manage three medical facilities in Shanghai, Chongqing and Nanjing through to a joint-venture agreement. Named China Merchants Lippo Hospital Management (Shenzhen), the company is a 50:50 JV between OUE Lippo’s indirect wholly-owned subsidiary Lippo Healthcare and China Merchants Landmark (Shenzhen), a member of China Merchants Group ...
More challenges loom for First REIT after completion of ownership restructuring: OCBC
SINGAPORE (Dec 13): OCBC Investment Research is maintaining its “hold” call on First REIT with a lower fair value of $1.05 from $1.34 previously, after factoring in various risks pertaining to the REIT’s master leases and portfolio balancing.   To recap, OUE Lippo Healthcare (OUE LH) recently acquired a 10.6% stake in First REIT from its sponsor, Lippo Karawaci (LK), as well as ...
OUE Lippo Healthcare and China Merchants Group to develop, operate Shenzhen hospital
SINGAPORE (Dec 12): OUE Lippo Healthcare has entered into a non-binding letter of intent (LOI) with China Merchants Shekou Industrial Zone Holdings, to jointly develop, operate and manage a high-end international hospital in Shenzhen, China. The hospital located in Shekou is expected have more than 200 beds serving the local community, and tapping into the medical tourism industry in the ...
Indonesia billionaire family reshuffles empire on currency rout
SINGAPORE/JAKARTA (Sept 19): Southeast Asia’s billionaire Riady family is reshuffling its health-care holdings as its core property business grapples with the emerging-market rout. OUE Lippo Healthcare Ltd., a hospital operator backed by the family, agreed to buy 10.6% of Singapore-listed First REIT, according to a statement Tuesday, which confirmed an earlier Bloomberg News report. It will ...
OUE Lippo Healthcare FY17 losses widen to $90.7 mil on lower revenue & higher costs
SINGAPORE (Feb 12): OUE Lippo Healthcare further sunk into the red in FY17 with a loss of $90.7 million, 18% down from its loss of $76.8 million the previous year on lower revenue and higher costs of sales. Revenue for the full year declined 11.2% to $43.6 million, due mainly to lower rental contributions from investment properties in Australia. This was however partially offset by higher ...
OUE Lippo Healthcare to appeal Shanghai courts' judgment on Weixin claim
SINGAPORE (Dec 20): OUE Lippo Healthcare, the former International Healthway Corporation (IHC), says the Shanghai courts had rendered a first instance judgment in favour of Weixin Hospital Investment Management (Shanghai) Co. regarding claims to two subsidiaries under IHC. Announced on Feb 22, the claims were against Shanghai Yi Lin Medical Management Consulting Co and Wuxi New District ...
OUE Lippo Healthcare ordered to repay alleged outstanding loan
SINGAPORE (Nov 23): OUE Lippo Healthcare, formerly known as International Healthway Corporation (IHC), has been ordered to pay RMB6 million ($1.2 million) plus interest for a claim brought against one of its downstream subsidiaries, Wuxi New District Phoenix Hospital. The claimant, David Lin, alleges that he had previously granted Wuxi Hospital a loan in 2012 through the Bank of Nanjing, ...
OUE Lippo Healthcare, former IHC, to sell prized KL land
(Nov 20): OUE Lippo Healthcare, formerly known as International Healthway Corp (IHC), is shelving plans to develop a prime parcel of land located in the vicinity of Petronas Twin Towers and Jalan Bukit Bintang in Kuala Lumpur and putting it up for sale, sources say. If recent land transactions are anything to go by, the vendor may be able to get as much as RM200 million ($65.3 million) — ...