Market Chatter: IHH Healthcare Targets Growth in Singapore and Hong Kong, Expands in Malaysia

MT Newswires09-13

IHH Healthcare Berhad (SGX:Q0F) plans to open 15 new clinics and two Ambulatory Care Centres (ACCs) in Singapore and six new clinics or Ambulatory Care Centres in Hong Kong by 2028, The Straits Times reported Thursday.

The company will also boost hospital capacities by nearly 4,000 beds and explore new markets like Indonesia and Vietnam.

IHH's recent 4.2 billion ringgit acquisition of Island Hospital in Penang is set to be completed by the end of 2024. The firm reported a Q2 2024 net profit of 623 million ringgit, doubling from last year.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (SGD): S$2.03, Change: S$+0.020, Percent Change: +1.00%

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