IHH Healthcare Bhd.

5.08 MYR
-0.16
-3.05%

Malaysia
Sep 21, 2018
Ticker
KLS(5225)
Prev. close
5.24
Market cap (MYR)
43,202.76M
Market cap (USD)
10,460.69M
Shares
8,244.80M

In the news

IHH Healthcare in talks to expand in North India May 28, 2018
Nikkei Asia300 rises with US-North Korea summit back on table May 28, 2018
IHH Healthcare's net profit skids on absence of one-off gain May 25, 2018
Nikkei Asia300 ends week lower amid geopolitical and trade tensions May 25, 2018
Malaysia's IPO market likely to rev up from July May 23, 2018

See more articles on IHH Healthcare Bhd.

Company Background

IHH Healthcare runs 37 private hospitals in 10 countries, including China and India. Its facilities have a total of more than 6,000 beds.

Headquartered in Malaysia, the company also sees Singapore and Turkey as its home markets. Its hospitals in these three countries attract affluent patients from across Southeast Asia and the Middle East. The group's Mount Elizabeth and Gleneagles hospitals in Singapore are considered particularly prestigious, thanks to their state-of-the-art medical equipment.

IHH is 44% owned by Khazanah Nasional, an investment arm of the Malaysian government. Khazanah in 2010 defeated a rival bid from India's Fortis Healthcare to take control of Parkway Holdings, a then-listed Singaporean company, which owned hospitals in Malaysia and Singapore. Today, Parkway is a wholly owned IHH subsidiary.

IHH is listed in both Malaysia and Singapore. The group is led by CEO Tan See Leng, who is also a doctor. Tan joined Parkway in 2004 and held various high-ranking positions before the company slid under IHH's umbrella.

Globally, IHH is the second-largest health care operator by market capitalization. Japanese trading house Mitsui & Co. is a major shareholder.

Business Summary

IHH Healthcare Bhd. is an investment holding company, which engages in the provision of healthcare services. It operates through the following segments: Parkway Pantai, PPL Others, CEEMENA, and Others. The Parkway Pantai segment comprises the Parkway Pantai and PLife REIT. The PPL Others segment includes Pantai's hospital in Brunei, and corporate office as well as other investment holding entities within Parkway Pantai. The CEEMENA segment refers to Central and Eastern Europe, Middle East, and North Africa. The company was founded on May 21, 2010 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2017	MYR	USD
Revenue	11,142.63M	2,591.60M
Gross Profit	2,621.66M	609.75M
Operating income	1,214.57M	282.49M
Income before tax	1,162.33M	270.34M
Net income	931.31M	216.60M
EBITDA	2,191.18M	509.63M
Diluted EPS	0.11	0.02
Dividends Per Share	0.03	0.00
Total Assets	38,941.01M	9,622.19M
Total liabilities	15,198.95M	3,755.60M
Total equity	21,890.16M	5,408.98M
Operating cash flow	2,006.03M	466.57M
	Currency in MYR	Currency in USD

Historical Data

MYR | USD

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	6,756.45M	7,344.01M	8,455.46M	10,021.88M	11,142.63M
Gross Profit	1,762.67M	2,020.36M	2,327.18M	2,657.91M	2,621.66M
Operating income	926.70M	1,074.16M	1,210.55M	1,227.74M	1,214.57M
Income before tax	879.38M	1,211.32M	1,203.25M	860.94M	1,162.33M
Net income	631.15M	754.29M	933.90M	612.35M	931.31M
EBITDA	1,527.56M	1,682.34M	1,900.05M	2,026.87M	2,191.18M
Diluted EPS	0.07	0.09	0.11	0.07	0.11
Dividends Per Share	0.02	0.03	0.03	0.03	0.03
Total Assets	27,261.54M	28,680.13M	35,517.48M	37,200.39M	38,941.01M
Total liabilities	7,338.60M	7,366.73M	11,280.78M	13,307.23M	15,198.95M
Total equity	18,075.14M	19,451.74M	22,155.73M	21,985.74M	21,890.16M
Operating cash flow	1,241.46M	1,557.92M	1,863.97M	1,730.45M	2,006.03M

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	2,144.57M	2,244.48M	2,162.70M	2,419.15M	2,591.60M
Gross Profit	559.49M	617.46M	595.23M	641.58M	609.75M
Operating income	294.14M	328.28M	309.63M	296.36M	282.49M
Income before tax	279.12M	370.20M	307.76M	207.82M	270.34M
Net income	200.33M	230.52M	238.86M	147.81M	216.60M
EBITDA	484.86M	514.16M	485.98M	489.26M	509.63M
Diluted EPS	0.02	0.02	0.02	0.01	0.02
Dividends Per Share	0.00	0.00	0.00	0.00	0.00
Total Assets	8,322.86M	8,202.52M	8,272.38M	8,292.55M	9,622.19M
Total liabilities	2,240.45M	2,106.88M	2,627.40M	2,966.39M	3,755.60M
Total equity	5,518.28M	5,563.20M	5,160.29M	4,900.96M	5,408.98M
Operating cash flow	394.05M	476.13M	476.75M	417.70M	466.57M

Valuation Measures

Dec 2017
PER	51.81
ROA	2.44%
ROE	4.24%
Operating margin	10.90%
Profit margin	8.35%

Key executives

CEO, MD & Non-Independent Executive Director: See Leng Tan
Group Chief Operating Officer: Suet Wun Lim
Group Chief Financial Officer: Soon Teck Low
Group Head-Internal Audit: Audrey Huang
Assistant Vice President-Investor Relations: Penelope Koh

Shareholders

Khazanah Nasional Bhd. (Investment Company) (40.3%)
Mitsui & Co., Ltd. (18.0%)
Employees Provident Fund (9.0%)
Permodalan Nasional Bhd. (3.8%)
AYDINLAR MEHMET ALI (2.1%)
Public Mutual Bhd. (1.9%)
Kuwait Investment Authority (Investment Management) (1.7%)
Kumpulan Wang Persaraan (1.6%)
GIC Pte Ltd. (Investment Management) (1.5%)
The Vanguard Group, Inc. (1.1%)

Contact Details

Website:http://www.ihh-healthcare.com
Address: Level 11 Block A, Pantai Hospital, Kuala Lumpur, 8 Jalan Bukit Pantai, Kuala Lumpur, 59100, Malaysia
Phone: +60.3.2298.9898

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Bodrum Tedavi Hizmetleri A.S
Integrated Healthcare Turkey Yatirimlari Ltd.
Gleneagles Development Pte Ltd.
Integrated Healthcare Holdings Ltd.
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Parkway Holdings Ltd.

Competitors

Last Updated on 21 Sep, 2018

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IHH Healthcare Bhd.

Malaysia

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