KPJ reported a core profit after tax and minority interest of RM54.6mil in Q3, which was double that of the immediate preceding quarter.
According to Hong Leong Investment Bank Research, the results were above its and consensus expectations at 95% of full-year forecasts. "We raise our FY22-24f earnings forecasts by 20-36%, to better reflect the strong rebound in patient volume and operational efficiency," said the research firm in a note.On outlook, HLIB noted that KPJ as entered into a sale and leaseback agreement with
"The debt repayment is expected to lower KPJ’s net gearing to 0.61x, from 0.68x. The proposed sale is expected to complete by 1Q23," said HLIB.
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