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
- IHH Healthcare ensures that the materials it purchases generate as little waste as possible that is toxic, non-repairable or non-recyclable. For the waste it generates, its waste management processes are carried out in strict compliance with national guidelines/legislation. Additionally, the waste contractors hired are certified and licensed by local authorities.
- See IHH Healthcare Share Price; IHH Healthcare Target Price; IHH Healthcare Analyst Reports; IHH Healthcare Dividend History; IHH Healthcare Announcements; IHH Healthcare Latest News.
Lee Yen Ling
Maybank Kim Eng Research
|
https://www.maybank-ke.com.sg/
2020-10-14
SGX Stock
Analyst Report
5.950
SAME
5.950
