Financial intelligence for Asia's healthcare markets
Remember me:

News articles    

IHH Healthcare, Asia’s largest healthcare company, has reported a loss of M$107 million (US$24.1 million) for the fourth quarter of the year on revenues that rose 15% to M$2.6 billion. It was hit by a M$335.2 million loss on the translation of non-Turkish lira borrowings, a M$53.6 million VAT claim in Turkey as well as charges of M$132.7 million on its investment in Gleneagles Khubchandani Hospital in India.
Shares in Ramsay Health Care slipped more than 3% despite the release of not only solid H1 results but also an upgrade to full year results. The shares of Australia’s largest private hospital operator fell as chief executive Chris Rex, who has helmed the company for nine years, announced that he intended to step down this year.
Vital Healthcare Property Trust, the only NZSX-listed healthcare property fund, has reported a 22.9% slip in profits for the first half of the year to NZ$45.5 million (US$32.6 million). This is thanks to considerably smaller revaluation gain than the same period last year.
Shares in aged care operator Estia Heath surged more than 14% yesterday after it posted a 17% jump in interim profits to A$19.8 million (US$15.2 million) on revenues that rose 34% to A$263.1 million.
Summerset Group, New Zealand's third-largest listed retirement village operator, has reported a 73% jump in net profits to NZ$145.5 million (US$104.2 million) driven by new retirement units built, solid demand and on the back of a significant increase in property value. Underlying profits were up 50% to NZ$56.6 million, beating the company’s positive profit warning in November.
Integral Diagnostics (IDX), Australia’s fourth largest radiology group, has reported a 5.1% decline in H1 underlying profits to A$7.5 million (US$5.8 million) on revenues that rose 7.9% to A$88.6 million. Expectations were that profits would sink as much as 10% following a market update in November.
Two board members have resigned from Mega Medical Technology, which manufactures and trades in dental prosthetics in China. Wu Xiaolin has tendered his resignation as an executive director and Jiang Feng has resigned as non-executive director. Both say that they want to devote more time to other business engagements.
Nursing staffing provider Bamboos Health Care Holdings has received approval to transfer its listing from the junior GEM board in Hong Kong to the main board. Trading will start on 1 March.
As it released its annual figures, TalkMed Group, a provider of medical oncology and palliative care health care services, has announced a bonus stock issue to reward its shareholders.
KPJ Healthcare, the healthcare arm of the Johor Corporation, has reported a 91% rise in net profits for Q4 to M$52.2 million (US$11.7 million) on revenues that rose 6% to M$745 million.

Subscribe to our news RSS feed Get the RSS for HealthInvestor Asia


Markets in Asia were generally lower today after a night of confused policy towards the region from the US. Treasury secretary Steven Mnuchin said that it was too early to label China a currency manipulator, just a couple of hours before his boss, president Donald Trump, did precisely that. The Shanghai Composite was down 0.44% and the Hang Seng fell 0.49%. The Nikkei traded in line with a dollar that dropped to a two-week low: it was off by 0.56%. And most other regional exchanges fell in line. “Trading volumes remain healthy at the current juncture implying market participants are still in search for higher yield assets classes,” said Malacca Securities in a note to clients this morning.


HealthInvestor Asia twitter feed

Hedge Fund Focus

HIA Indices

HealthInvestor UK