1QFY10 Results Review
2 years ago
Showing posts with label kpj. Show all posts
Showing posts with label kpj. Show all posts
Thursday, July 1, 2010
Saturday, April 24, 2010
KPJ
KPJ Healthcare Bhd is looking into expanding its network aggressively in Asia beginning next year through acquisition, joint venture and management contract.
The destinations being considered were Indochina, India, Bangladesh, Pakistan and possibly Middle East, Managing Director Datin Paduka Siti Sa'diah Sheikh Bakir told reporters on the sidelines of Invest Malaysia 2010 Conference in Kuala Lumpur today.
"We have received a few offers from these countries and currently, KPJ is reassessing the offers. We hope to finalise them by end of this year to be able to kick off the plan next year onwards," she said.
KPJ presently owns 20 hospitals in Malaysia and two in Indonesia. It also manages two hospitals in Jeddah, Saudi Arabia.For this year, Siti Sa'diah said, KPJ would only focus on domestic expansion and was in the midst of building two hospitals in Klang and Muar.
On the Al-Aqar KPJ Real Estate Investment Trust (REITs), she said KPJ hoped to complete the exercise of injecting three other hospital buildings (one in Indonesia and two in Malaysia) into REITs by June this year.
The company was waiting for the approval from the relevant authorities.
"This exercise creates more opportunities to acquire more hospital buildings, in particular in Indonesia, for further REIT injection," she said.
To date, KPJ has injected 18 hospitals and a nursing college building into REITs.Meanwhile, she said KPJ had allocated about RM100 million to expand its existing hospitals and to upgrade facilities in Malaysia.With the increasing demand for private healthcare services and its expansion plans locally and abroad, KPJ is confident to achieve a revenue of RM2 billion by 2012.
Currently, KPJ’s market capitalisation is RM1.5 billion and hopes to increase it to RM2 billion.
26.04.10 - KPJ Healthcare, in a bid to expand its Indonesian operations, plans to offer CATscans and cardiac services for the 2 hospitals it is currently operating in Indonesia.The expansion in its Indonesian offerings is based on the large Indonesianpopulation base of 240m and the country’s move to subsidise medical care via a%D¬ard system. We view the development positively as: (1) In providing cardiacservices, it will be able to capture part of the higher-end market which is currentlyserviced by hospitals abroad; and (2) The growth in the demand for healthcare is expected to be strong in the coming few years based on Indonesia’s growing economy and its large population base. KPJ Healthcare is currently trading at FY11’s P/E of 12.4x and DY of 4.4%, compared against Singapore’s Raffles Medical’s 17x and 1.9% and Thomson Medical’s 12.7x and 4.1% respectively.
KPJ website
The destinations being considered were Indochina, India, Bangladesh, Pakistan and possibly Middle East, Managing Director Datin Paduka Siti Sa'diah Sheikh Bakir told reporters on the sidelines of Invest Malaysia 2010 Conference in Kuala Lumpur today.
"We have received a few offers from these countries and currently, KPJ is reassessing the offers. We hope to finalise them by end of this year to be able to kick off the plan next year onwards," she said.
KPJ presently owns 20 hospitals in Malaysia and two in Indonesia. It also manages two hospitals in Jeddah, Saudi Arabia.For this year, Siti Sa'diah said, KPJ would only focus on domestic expansion and was in the midst of building two hospitals in Klang and Muar.
On the Al-Aqar KPJ Real Estate Investment Trust (REITs), she said KPJ hoped to complete the exercise of injecting three other hospital buildings (one in Indonesia and two in Malaysia) into REITs by June this year.
The company was waiting for the approval from the relevant authorities.
"This exercise creates more opportunities to acquire more hospital buildings, in particular in Indonesia, for further REIT injection," she said.
To date, KPJ has injected 18 hospitals and a nursing college building into REITs.Meanwhile, she said KPJ had allocated about RM100 million to expand its existing hospitals and to upgrade facilities in Malaysia.With the increasing demand for private healthcare services and its expansion plans locally and abroad, KPJ is confident to achieve a revenue of RM2 billion by 2012.
Currently, KPJ’s market capitalisation is RM1.5 billion and hopes to increase it to RM2 billion.
26.04.10 - KPJ Healthcare, in a bid to expand its Indonesian operations, plans to offer CATscans and cardiac services for the 2 hospitals it is currently operating in Indonesia.The expansion in its Indonesian offerings is based on the large Indonesianpopulation base of 240m and the country’s move to subsidise medical care via a%D¬ard system. We view the development positively as: (1) In providing cardiacservices, it will be able to capture part of the higher-end market which is currentlyserviced by hospitals abroad; and (2) The growth in the demand for healthcare is expected to be strong in the coming few years based on Indonesia’s growing economy and its large population base. KPJ Healthcare is currently trading at FY11’s P/E of 12.4x and DY of 4.4%, compared against Singapore’s Raffles Medical’s 17x and 1.9% and Thomson Medical’s 12.7x and 4.1% respectively.
KPJ website
Tuesday, April 13, 2010
KPJ Healthcare (5878.KU) to MYR3.92 from MYR3.15
KPJ Healthcare (5878.KU) to MYR3.92 from MYR3.15, maintains Buy call. Healthcare company's revenue, profit growth of about 20%/year over last five years set to be sustained as its adding at least two new hospitals to network each year, analyst Norfauzi Nasron says. Adds, target of MYR2 billion revenue by 2012 (MYR1.4 billion in FY09) "highly achievable"; raising EPS forecast for FY10 and FY11 by 24% warrants to exclude dilution impact from warrants, which now out-of-the-money and unlikely to be converted. "We reiterate our view that KPJ is an excellent choice for long-term and portfolio balancing supported by its steady dividend payout of around 50%, as well as its sizeable growth potential in a defensive sector," Norfauzi says. KPJ +0.3% at MYR2.89.
www.kpjhealth.com.my
Sunday, March 14, 2010
KPJ wants to be world number one
KPJ Healthcare Bhd (5878), which currently ranks as Asia's number one healthcare service provider and the world's third, is going all out to reach pole position.
KPJ Healthcare has been named by US-based Nu Wire Investor research company recently as the world's number three healthcare company.
KPJ Healthcare managing director Datin Paduka Siti Sa'diah Sheikh Bakir (picture) said the company is expanding aggressively, albeit cautiously opening two hospitals a year in Malaysia, the Middle East and Indo China.
"We have to work hard to position Malaysia as the number one medical hub in the world as other countries such as India are fast catching up," she said.
Siti Sa'diah made history yesterday when she was named Malaysia's CEO of the Year 2009, the first woman to clinch the title in the award's 14-year history.
The award was presented to her by Prime Minister Datuk Seri Najib Tun Razak.
Siti Sa'diah beat 118 other nominees from 16 different indusries. She took home a trophy, an American Express platinum card with one million membership rewards points and a first-class return air ticket to Europe.
Describing the win, Siti Sa'diah said she is honoured to stand among world-class leaders and pays tribute to her peers in the industry. women as well as Johor Corp Group of Companies which is Johor state's investment and commercial arm.
"Since its establishment 28 years ago, I am proud that KPJ made its first RM1 billion revenue after 27 years and its first RM100 million pre-tax profit after 28 years.
"We are growing still and aim for RM2 billion revenue in the future from RM1.4 billion currently," Siti Sa'diah told reporters in Kuala Lumpur yesterday.
A member of JCorp group of companies and its medical arm, KPJ has over RM1.1 billion in assets with a shareholders fund of over RM508.9 million.
Siti Sa'diah, 57, became KPJ managing director since March 1993.
At the same event, Malaysia Airports Holdings Bhd won the inaugural Corporate Nationhood Initiative Award in recognition of its outstanding corporate initiative for its effort in promoting national harmony under the One Malaysia spirit.
The award was received by its managing director Tan Sri Bashir Ahmad Abdul Majid.
Malaysia's CEO of the Year 2009 is organised jointly by Business Times and Maybank, the issuer of American Express credit and charge cards.
KPJ Healthcare has been named by US-based Nu Wire Investor research company recently as the world's number three healthcare company.
KPJ Healthcare managing director Datin Paduka Siti Sa'diah Sheikh Bakir (picture) said the company is expanding aggressively, albeit cautiously opening two hospitals a year in Malaysia, the Middle East and Indo China.
"We have to work hard to position Malaysia as the number one medical hub in the world as other countries such as India are fast catching up," she said.
Siti Sa'diah made history yesterday when she was named Malaysia's CEO of the Year 2009, the first woman to clinch the title in the award's 14-year history.
The award was presented to her by Prime Minister Datuk Seri Najib Tun Razak.
Siti Sa'diah beat 118 other nominees from 16 different indusries. She took home a trophy, an American Express platinum card with one million membership rewards points and a first-class return air ticket to Europe.
Describing the win, Siti Sa'diah said she is honoured to stand among world-class leaders and pays tribute to her peers in the industry. women as well as Johor Corp Group of Companies which is Johor state's investment and commercial arm.
"Since its establishment 28 years ago, I am proud that KPJ made its first RM1 billion revenue after 27 years and its first RM100 million pre-tax profit after 28 years.
"We are growing still and aim for RM2 billion revenue in the future from RM1.4 billion currently," Siti Sa'diah told reporters in Kuala Lumpur yesterday.
A member of JCorp group of companies and its medical arm, KPJ has over RM1.1 billion in assets with a shareholders fund of over RM508.9 million.
Siti Sa'diah, 57, became KPJ managing director since March 1993.
At the same event, Malaysia Airports Holdings Bhd won the inaugural Corporate Nationhood Initiative Award in recognition of its outstanding corporate initiative for its effort in promoting national harmony under the One Malaysia spirit.
The award was received by its managing director Tan Sri Bashir Ahmad Abdul Majid.
Malaysia's CEO of the Year 2009 is organised jointly by Business Times and Maybank, the issuer of American Express credit and charge cards.
Saturday, January 16, 2010
KPJ Healthcare and its warrants surged
KUALA LUMPUR: The shares for KPJ Healthcare and its warrants surged in early trade on Friday, Jan 15 when they resumed trade after its corporate exercise.
At 9.02am, KPJ shares rose 15 sen to RM2.75 and the warrants jumped 78 sen to RM1.68.
The FBM KLCI rose 1.84 points to 1,296.55. Turnover was 41.4 million shares valued at RM36.25 million.
OSK Investment Research said in a recent report there was more upside to the share price as the stock then was still trading at a discount to its regional peer average PER of 18.5 times.
"At 18.5 times PER on the fully diluted FY10 EPS, we arrive at a TP of RM2.95 and maintain our BUY recommendation.
"We reiterate our view that KPJ is an excellent choice for long term investment and portfolio balancing in view of its resilient business and steady dividend payout as well growth potential in a defensive sector," it said.
At 9.02am, KPJ shares rose 15 sen to RM2.75 and the warrants jumped 78 sen to RM1.68.
The FBM KLCI rose 1.84 points to 1,296.55. Turnover was 41.4 million shares valued at RM36.25 million.
OSK Investment Research said in a recent report there was more upside to the share price as the stock then was still trading at a discount to its regional peer average PER of 18.5 times.
"At 18.5 times PER on the fully diluted FY10 EPS, we arrive at a TP of RM2.95 and maintain our BUY recommendation.
"We reiterate our view that KPJ is an excellent choice for long term investment and portfolio balancing in view of its resilient business and steady dividend payout as well growth potential in a defensive sector," it said.
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