Health Management International kept at 'buy' on healthy business, demographic shift and rising affluence

SINGAPORE (May 22): Phillip Capital, Maybank KimEng and UOB KayHian all have “buy” calls on Health Management International after 3Q19 revenue rose on the back of resilient patient load growth and increasing average patient bill size.

In the third quarter, patient load grew 1.3% y-o-y to 116,200 patients, driven by both inpatient and outpatient growth from Mahkota Medical Centre (MMC), Melaka and Regency Specialist Hospital (RSH), Johor.

See: Health Management International posts 15% drop in 3Q earnings to $4.4 mil on higher costs

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