Upward earnings trend forecast for healthcare

PETALING JAYA: Healthcare companies expect a steady year ahead for the industry, underpinned by increased spending on healthcare products and services.“The Malaysian healthcare landscape is expected to remain dynamic, with significant growth driven by private and public-sector spending,” he said in the company’s annual report.“This forecast expansion presents excellent opportunities for KPJ and we are well-positioned to capture them.

“In light of this, healthcare expenditure, from both the public and private hospitals, has been growing at an exponential rate with higher allocation each year focusing on modernising and expanding healthcare facilities. Additionally, Ng emphasised that UMC is actively staying ahead of evolving trends by looking to promote digital healthcare equipment.

“Given the overall positive outlook of the healthcare industry, our group is eager to pursue new opportunities. This is to ensure that we are able to further grow the business and provide long-term value for our stakeholders.

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