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IHH Healthcare Berhad (IHH)
Results
IHH Healthcare remains in the red with RM120.6 mil loss for 2Q20
This brings the total amount of losses for the group to RM440.4 million for 1H20 compared to earnings of RM274.5 million in 1H19.
August 27, 2020
Company in the news
IHH seeks growth with 'cluster' game plan
(Feb 7): In his first interview with The Edge after taking over as managing director and CEO of IHH Healthcare in January this year, Dr Kelvin Loh Chi-Keon says the healthcare group is likely to tweak its strategy, with a focus on cluster intensive develo
February 07, 2020
Markets
Fed cuts rate, but neutral stance disappoints markets; oil prices ease with assurance of supply
SINGAPORE (Sept 23): On Sept 18, the US Federal Reserve lowered interest rates for the second time this year by 25 basis points to between 1.75% and 2%. Fed chair Jerome Powell says the US economy remains strong and unemployment low. He adds, however, tha
September 20, 2019
Investing ideas
IHH Healthcare's multi-country portfolio strategy is a double-edged sword
SINGAPORE (Sept 5): Have IHH Healthcare’s well-intentioned efforts to diversify its portfolio of hospitals into highly populous emerging markets with a highly visible pipeline of growth finally started to bear fruits?
September 05, 2019
In print this week
Who are the 40 highest-paid CEOs among Singapore's listed companies?
SINGAPORE (June 14): Barry Stowe, the former chairman and chief executive of Prudential’s North American Business unit who retired in December 2018, was the highest paid manager among Singapore listed companies in 2018.
June 14, 2019
Healthcare
IHH to take healthcare offerings to different level with digital platform
(Apr 15): Towards the end of July 2012, at a meeting with bankers and fund managers in the run-up to IHH Healthcare’s IPO, an executive of a financial institution asked what was so special about the healthcare provider. “If we throw a few billion doll
April 15, 2019
Results
IHH Healthcare 4Q earnings surge fivefold to $169 million on stronger operational performance
SINGAPORE (Feb 27): IHH Healthcare has announced that its 4Q18 earnings increased by more than five times to RM509.4 million ($168.8 million), compared to RM101.3 million in 4Q17 on stronger operational performance and forex gains from Acibadem’s non-Li
February 27, 2019
Ex-billionaire Singh brothers found to have defrauded Fortis Healthcare
(Oct 18): India’s stock market regulator has determined the former owners of the nation’s second-largest hospital chain defrauded the company of 4 billion rupees ($74.9 million) and ordered that they return it.
October 18, 2018
Results
IHH Healthcare reports 48% fall in 2Q earnings to $55 mil on absence of divestment gain
SINGAPORE (Aug 28): IHH Healthcare, the private healthcare operator which acquired a controlling stake in India’s second-largest hospital chain Fortis Healthcare in July, reported a 48% fall in 2Q18 earnings to RM165.11 million ($55 million) from a year
August 28, 2018
Malaysia
Khazanah Nasional's entire board of directors resigns
SINGAPORE (July 26): Malaysia’s strategic investment fund, Khazanah Nasional Berhad, saw a major shake-up this morning, after all nine of its board members tendered their resignation, including managing director Tan Sri Azman Mokhtar.
July 26, 2018