Posted by stockmanmy > 2017-06-14 09:21 | Report Abuse

you forgot about YSP

Posted by Stock Kingdom > 2017-06-14 09:25 | Report Abuse

Thanks, stockmanmy

Posted by riskabsorber > 2017-06-14 10:25 | Report Abuse

is healthcare or pharmaceutical ?

Posted by Stock Kingdom > 2017-06-14 11:21 | Report Abuse

The above listed are owners & operators of hospitals or medical centres.

YSP is in pharmaceutical business, it is in different segment & will not be considered here.

Posted by Stock Kingdom > 2017-06-14 12:29 | Report Abuse

Public Listed Healthcare Providers (Hospital/Medical Centre):
1. IHH Healthcare Bhd ---- (PE ratio = 58.4)
2. KPJ Healthcare Bhd ---- (PE ratio = 29)
3. Sime Darby Bhd -------- (PE ratio = 22.3)
4. Sunway Bhd ------------ (PE ratio = 17.4)
5. TMC Life Sciences Bhd - (PE ratio = 73.8)
6. TDM Bhd --------------- (PE ratio = 21.1)
7. Southern Acids Bhd ---- (PE ratio = 12.7)

Posted by Stock Kingdom > 2017-06-14 22:32 | Report Abuse

Sri Kota Specialist Medical Centre (Sri Kota) is a flagship tertiary private medical centre in Klang, Malaysia.

Commissioned in October 1999 under the management of Southern Medicare Sdn Bhd, a subsidiary of Southern Acids (M) Bhd, it is strategically situated in the heart of Klang town with ready access to the people.

It is a 9 storey building with 232 beds fully equipped with modern facilities. With its pool of committed specialists and supportive medically trained professionals, Sri Kota takes pride in its acclaim with the ability to provide quality yet affordable healthcare medical services to its patients.

http://www.srikotamedical.com/our-hospital/about-us/

Posted by RainT > 2017-06-14 23:07 | Report Abuse

Sunway have many others business also la

You cannot take Sunway to compare as its hospital is small portion only ....main is the construction, property

Similar also goes to sime darby

Posted by Stock Kingdom > 2017-06-16 22:34 | Report Abuse

hehe, RainT, you are absolutely right!

The contributions from healthcare division of Sunway & Sime Darby are so small to their groups until it was categorised under Others segments, together with other few small divisions.

Posted by Stock Kingdom > 2017-06-16 22:35 | Report Abuse

The close one to compare should be TMC

Posted by noah > 2017-06-16 23:31 | Report Abuse

Oriental Holdings

Posted by noah > 2017-06-16 23:32 | Report Abuse

http://orientalmedical.com.my/

Posted by ipomember > 2017-06-16 23:36 | Report Abuse

SAB too has different business just like tdm and thus their valuation is not as high. Perhaps can try to better evaluate with SOTP method

Posted by Stock Kingdom > 2017-06-17 08:21 | Report Abuse

Yes, ipomember, if use Sum of the parts analysis (SOTP), SAB will get higher valuation target

SAB healthcare division registered Profit before Tax amounting to RM19.4mil.

Apply 25% tax rate, the net profit will be RM14.55mil.

Using 20 times PE, the healthcare division itself will be valued as much as RM291mil

Posted by Stock Kingdom > 2017-06-17 08:27 | Report Abuse

SAB net profit for last 4Q was RM57.3mil, take out healthcare division 14.55mil, the balance will be 42.75mil.

Current SAB market cap = 671mil
Healthcare division = 291mil

PE ratio for Oleochemical & Palm oil fruit/mill = 380mil/42.75mil = 8.9 times

Posted by stevenkhoo > 2017-06-17 09:56 | Report Abuse

if the ipo PE is 40 times or more
then, what is left to make