IHH Healthcare - Maybank Kim Eng 2020-10-14: Sustainable Healthcare

IHH HEALTHCARE BERHAD (SGX:Q0F) | SGinvestors.io IHH HEALTHCARE BERHAD (SGX:Q0F)

IHH Healthcare - Sustainable Healthcare


Committed to safety and quality

  • As an international healthcare service provider operating in a highly-regulated business environment, IHH Healthcare adheres to the laws and regulations which cover key aspects of its business (from patient safety to waste disposal). There could be incremental pressure for healthcare reforms but we think IHH Healthcare (SGX:Q0F) could be largely unaffected as its patient pools are less price-sensitive.
  • Maintain BUY on IHH Healthcare.



Governance – patient safety and data protection

  • Patient safety is at the forefront of IHH Healthcare’s business philosophy. As such, it has established an all-inclusive clinical governance framework and also conducts Central Quality Improvement Forum (CQIF) on a monthly basis to ensure that all of its patients receive the best possible care. It also adopts robust data protection system to protect its patients’ data.
  • To mitigate bribery and corruption risks, standard operating procedures are used in its procurement and tendering processes.


Social – accessible healthcare to the communities

  • As healthcare plays a crucial role to the communities it serves, there could be incremental pressure for healthcare reforms to tackle the rising healthcare cost. That said, IHH Healthcare is reputed for its premier service quality and is among the most prestigious in Asia, Central and Eastern Europe. As such, we think its patient pools globally are less price-sensitive and IHH Healthcare would be able to adjust its prices to pass on any cost inflation or healthcare reform costs, leaving its EBITDA margins largely intact.
  • As for the vulnerable communities, IHH Healthcare provides a considerable amount of resources via its various CSR programmes.

Environmental – waste management






Lee Yen Ling Maybank Kim Eng Research | https://www.maybank-ke.com.sg/ 2020-10-14
SGX Stock Analyst Report BUY MAINTAIN BUY 5.950 SAME 5.950



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