KPJ HEALTHCARE BHD

KLSE (MYR): KPJ (5878)

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Last Price

1.97

Today's Change

-0.03 (1.50%)

Day's Change

1.96 - 2.00

Trading Volume

3,436,000


4 people like this.

1,918 comment(s). Last comment by ElijahYH 2 hours ago

bbc99

407 posts

Posted by bbc99 > 2021-10-08 14:47 | Report Abuse

@Unclefollower, u are absolutely right, but i hv the patience n TA, if i miss, i won't regret, market is always like that, isn't it. Greed, fear, regret. There are others counters that we can buy

UncleFollower

1,111 posts

Posted by UncleFollower > 2021-10-08 15:35 | Report Abuse

@bbc99 you are absolutely right - there are always other counters we can buy

Cheah5555

163 posts

Posted by Cheah5555 > 2021-10-08 15:43 | Report Abuse

The operators obviously pressed down the price, need extra patience to trade this counter, perhaps need more time, will be rewarded if the privatisation plan materialise.

UncleFollower

1,111 posts

Posted by UncleFollower > 2021-10-08 16:02 | Report Abuse

Yes. Dilly dally so many months. There has been accumulation all the way

bbc99

407 posts

Posted by bbc99 > 2021-10-08 16:03 | Report Abuse

I still believe it is true, only it is the matter of time

UncleFollower

1,111 posts

Posted by UncleFollower > 2021-10-09 15:31 | Report Abuse

Good chance and makes sense

Columbia 5.01B ringgit 1500beds
Sunway 4.69B 857beds
IHH 58B 15k beds

KPJ 3000+ beds

UncleFollower

1,111 posts

Posted by UncleFollower > 2021-10-09 15:32 | Report Abuse

Even if you have $ you can't build hospitals overnight...not in 1 2 3 4 years to attain the scale KPJ has built up.

$1.21-1.25 as reported by the Edge is clearly too low, exercise will fail

Posted by Thinkcarefully > 2021-10-09 16:22 | Report Abuse

Remember, KPJ doesn't own any hospital.All Kpj hospitals owned by Alaqar reits.

bulldog

12,157 posts

Posted by bulldog > 2021-10-09 16:56 | Report Abuse

Accumulation in progress

Huat chaiii

UncleFollower

1,111 posts

Posted by UncleFollower > 2021-10-09 21:00 | Report Abuse

True, KPJ owns only slightly more than 1/3 in KPJ REIT

Karlos

1,257 posts

Posted by Karlos > 2021-10-10 12:43 | Report Abuse

@Thinkcarefully, it may not be true that does not own any hospital. In the latest financial statements KPJ did own free hold lands and buildings amount to RM 260.714 m and RM 1,528.257 m. respectively where as the total value of all hospitals under lease by KPJ was only amount to RM 1,051.172 m. In addition KPJ also owned RM 337.748 m. of investment properties.

Posted by Thinkcarefully > 2021-10-10 13:38 | Report Abuse

Thank you for the clarifications.@Karlos and @UncleFollower

Karlos

1,257 posts

Posted by Karlos > 2021-10-10 23:58 | Report Abuse

Taking listed companies private is nothing new or unusual for Johor Corp. In fact Johor Corp had been very active in taking its listed subsidiaries or companies private. In 2011 it had taken both QSR and KFC private and later on Kulim in 2015.
The market believes that when Johor Corp has mentioned its intention to take KPJ private it was done with real serious intention as now it is the best time to do it. The share price of KPJ was depressed until very recently due to its poor current financial performance thanks to Covid 19 pandemic.

bowman

2,496 posts

Posted by bowman > 2021-10-13 10:10 | Report Abuse

Not worth more than RM1.25 as per the sum they will agree to pay or wipe from the market. So, the good days have just passed last week when it hit RM1.29 - if you didnt sell, it's too late.

Posted by wallstreetrookie > 2021-10-13 11:53 | Report Abuse

Ok then. I gave up on KPJ, every time people short-sell this company. Waste of my time and capital

Posted by Thinkcarefully > 2021-10-13 11:58 | Report Abuse

This is really undervaluation.
I hope minority shareholders will reject the offer

Posted by CartoonInvesting > 2021-10-13 16:29 | Report Abuse

went in at 1.14

Posted by BursaMaster121212 > 2021-10-15 15:38 | Report Abuse

jump in at 1.14 also....the internal staff said is these few days adi

Junqi

155 posts

Posted by Junqi > 2021-10-15 16:32 | Report Abuse

Buying on rumour.Even if true 1.25 represents only a 10% premium and has to wait another 6 months. And may be rejected by minority shareholders. Provided a special dividend is declared to sweeten the deal.

Posted by Thinkcarefully > 2021-10-17 10:20 | Report Abuse

Privatisation is not a done deal.If it fails to materialise the price would fall to back to 1.00

DickyMe3

658 posts

Posted by DickyMe3 > 2021-10-17 10:23 | Report Abuse

These entities are set up to provide jobs, not to make money.

stockraider

31,556 posts

Posted by stockraider > 2021-10-17 10:33 | Report Abuse

Opportunity loh ?

EVEBITDA

145 posts

Posted by EVEBITDA > 2021-10-17 10:49 | Report Abuse

when market is hot about hospitals, there is no need to be worried. even no privatisation price will hold well from all past price actions.

Karlos

1,257 posts

Posted by Karlos > 2021-10-18 09:52 | Report Abuse

Johor Corp is now in the process of acquiring shares to privatise Damansara Bhd. Is the offer to take KPJ private is comping any time soon? Johor Corp has already declared its intention to take KPJ private just before Covid 19 pandemic.
KPJ owns and operates a very large and strategic set of assets i.e. hospitals.

EVEBITDA

145 posts

Posted by EVEBITDA > 2021-10-18 10:01 | Report Abuse

better dont privatise its worth 2.00 if compared to IHH and TMC. they are surpressing price down.

Karlos

1,257 posts

Posted by Karlos > 2021-10-18 10:18 | Report Abuse

At the current prices, KPJ is very much undervalued. So nothing to worry about KPJ with or without privatization!

Posted by Thinkcarefully > 2021-10-18 16:43 | Report Abuse

Looks like going below 1.10 soon. Privatisation off.?

FlyFried

101 posts

Posted by FlyFried > 2021-10-18 17:02 | Report Abuse

It is time to celebrate.

EVEBITDA

145 posts

Posted by EVEBITDA > 2021-10-18 21:41 | Report Abuse

1.00 to 1.05 will be target if deal is off. collect and wait for next deal to happen.

EVEBITDA

145 posts

Posted by EVEBITDA > 2021-10-18 21:41 | Report Abuse

cant go wrong in hospitals.

FlyFried

101 posts

Posted by FlyFried > 2021-10-20 08:01 | Report Abuse

Say WHO can't go wrong in hospital?

Posted by TanHuatHeng > 2021-10-20 20:33 | Report Abuse

Steady la, will go.

bbc99

407 posts

Posted by bbc99 > 2021-10-25 16:23 | Report Abuse

Looks like something is brewing

UncleFollower

1,111 posts

Posted by UncleFollower > 2021-10-26 15:27 | Report Abuse

Delay was not for ESOS since they can exercise anytime even after offer

UncleFollower

1,111 posts

Posted by UncleFollower > 2021-10-26 15:28 | Report Abuse

Delay is for accumulation. It's a no loss situation for them knowing they will offer so just buy whatever they can on market now by manipulating the seller and buyer queues and moving it around this range. Yawnz

UncleFollower

1,111 posts

Posted by UncleFollower > 2021-10-26 15:50 | Report Abuse

In 2019, the Hong Leong Group teamed up with US private equity firm, TPG Capital, to acquire Columbia Asia’s South-East Asian operations (inclusive of 17 hospitals and one clinic) for a total consideration of RM5bil

This marked Hong Leong Group’s first foray into the healthcare space, adding that the deal was believed to be valued at an enterprise value/earnings before interest, tax, depreciation and amortisation (EV/Ebitda) multiple of 20-24 times.

More recently, Sunway Bhd had in June this year divested a 16% stake (on a fully-diluted basis) in its healthcare unit to Singapore’s sovereign wealth fund, GIC Private Ltd, for RM750mil.

The deal implies an EV/Ebitda multiple of 31 times, a significant premium of 64% and 125% to IHH Healthcare Bhd and KPJ Healthcare Bhd’s EV/Ebitda valuation 19.1 times and 13.9 times, respectively, at the time of announcement.

UncleFollower

1,111 posts

Posted by UncleFollower > 2021-10-26 15:55 | Report Abuse

KPJ Healthcare: as long as 1.06 is support look for 1.3
26 Oct 2021

Alternative scenario: the downside breakout of 1.06 would call for 0.99 and 0.95.

Our pivot point stands at 1.06.

Our preference: as long as 1.06 is support look for 1.3.

Alternative scenario: below 1.06, expect 0.99 and 0.95.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 1.139 and 1.0986).

Supports and resistances:

1.26

1.09

Karlos

1,257 posts

Posted by Karlos > 2021-11-01 17:04 | Report Abuse

"Khairy launches healthcare travel blueprint to boost Malaysia’s medical tourism post pandemic"
KPJ will definitely benefit from such initiative being the largest operator of Malaysian hospitals with a long track records in running hospital and related services in the country. On top KPJ has hospitals in Indonesia, Thailand and Bangladesh.

Karlos

1,257 posts

Posted by Karlos > 2021-11-02 09:13 | Report Abuse

EPF which had been disposing KPJ shares most of the time, now turned to buying the shares. KWAP too is accumulating the shares.

Karlos

1,257 posts

Posted by Karlos > 2021-11-03 09:02 | Report Abuse

EPF continued buying up KPJ shares. Is the proposed privatization of KPJ by Johor Corp coming any time soon after completion of taking Damansara Realty private?

UncleFollower

1,111 posts

Posted by UncleFollower > 2021-11-03 14:39 | Report Abuse

Possibly better than that...EPF doesnt buy/ sell on privatisation news. If they are buying they see value at this price which could be better than a privatisation

Junqi

155 posts

Posted by Junqi > 2021-11-03 16:21 | Report Abuse

Dont follow EPF.It buys and sells randomly.Not their money.
EPF was selling millions of KPJ shares few months ago at 1.0x

Karlos

1,257 posts

Posted by Karlos > 2021-11-04 13:56 | Report Abuse

Yes definitely at current price level KPJ is highly undervalued than is why EPF is accumulating the shares. Privatization would only be a big bonus for EPF!

Posted by SchaAwal > 2021-11-10 10:56 | Report Abuse

Any today thought guys?

Posted by Thinkcarefully > 2021-11-11 12:20 | Report Abuse

I give up

Posted by BursaMaster121212 > 2021-11-17 06:51 | Report Abuse

offer price, 1.27

so it is like a free money for government fund

Posted by market101 > 2021-11-17 18:01 | Report Abuse

Are you dreaming.

Bidayah

1 posts

Posted by Bidayah > 2021-11-24 10:04 | Report Abuse

If you think C19 is the last of the pandemic, you are dreaming.

KPJ has 3,000 beds at a minimum,
take swab tests as a benchmark MYR 200 each
= 600 k at one rollover
Say, humbly an average of 10 days turnover on beds p/month = 6 M

swab tests alone!!! gives a yield of 72 M a year

Why wont they take this private?

Junqi

155 posts

Posted by Junqi > 2021-11-26 09:37 | Report Abuse

Pandemics have a negative impct on KPJ earnings.
Just compare eps for 2019 and 2020.
Look at the whole picture not just a small segment of the business.

Posted by Thinkcarefully > 2021-11-27 07:26 | Report Abuse

14 million esos converted. No wonder heavy selling.
I heard many employees were selling their esos converted shares. This is the last batch of esos due to expire if not converted

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