Ms Ngoh expects gradual earnings improvement in subsequent quarters as local patient loads have recovered to pre-Covid-19 levels, along with the fourth quarter being seasonally strong.
The key swing factor for the group's recovery profile is how quickly foreign patient revenue can be regained, according to Maybank Kim Eng analyst Lai Gene Lih. In addition, Maybank Kim Eng has trimmed its FY2020-22 estimated earnings per share by 4 per cent to 5 per cent. Echoing the sentiment on recovery being dependent on the return of foreign patients, other analysts from DBS Group Research and RHB have maintained their calls with lowered target prices on the stock.
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Source: BusinessTimes - 🏆 15. / 51 Read more »