Elevator Pitch
I maintain a Neutral rating on Malaysia-listed hospital operator IHH Healthcare Berhad (IHHHF) [IHH:MK].
This is an update of my prior article on IHH Healthcare published on April 7, 2020. IHH Healthcare's share price has increased by +7% from RM5.03 as of April 6, 2020, to RM5.39 as of July 6, 2020, since my prior update. IHH Healthcare trades at 70.1 times consensus forward FY2020 P/E and 18.6 times consensus forward next twelve months' EV/EBITDA. The stock also offers a consensus forward FY2020 dividend yield of 0.6%.
IHH Healthcare's EBITDA decreased