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IHH’s acquisition of Sarawak hospital gets thumbs up from analysts

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IHH’s acquisition of Sarawak hospital gets thumbs up from analysts FMTNews FMTBusiness

Timberland Medical Centre is an 82-bed hospital in Kuching, Sarawak, and has been operating since 1994.

BHSB, via its wholly-owned subsidiaries, owns the Timberland Medical Centre in Kuching, Sarawak, which has 82-beds and has been in operation since 1994. This expansion initiative aligns with IHH’s strategy to bolster its presence in key regions including Malaysia, India, and Turkey, said analysts. The research house has a “buy” recommendation on IHH, with an opening price of RM6 and a target price of RM7, indicating a potential upside of RM1.00 or 16.67%.

 

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