mr. commonsense - I totally agreed with you if Mexter Technology Bhd (now known as LYC Healthcare Bhd) involves in property development, it does not deserve to enjoy the healthcare valuation. However, to my understanding, if you read carefully in the shareholders circular, you will realize that the property developer, LYC Venture Sdn Bhd is not part of the group. LYC Venture merely appoints Mexter to provide consultancy for setting up wellness & healthcare faculties & to operate the medical facilities & senior living, etc.

Wow IOI’s Tan Sri Richard Koh now the substantial shareholder of Mexter. https://www.thestar.com.my/business/business-news/2017/12/12/new-substantial-shareholder-in-mexter/

I was told after Lim sold & left HSC, HSC’s earnings went downhill (can check the accounts from SSM). And many ex-HSC’s key staffs are now at Mexter.

By looking at the volume, esp the sellers vol is low, it seems that investors are keeping the shares. it doesn’t seem to be a goreng stock. Anyway, time will tell.

Up up up - It seems in line with the Star’s Eye On Stock! Thanks Ring for the article!