MIDF Research upgraded KPJ Healthcare Bhd to a trading 'buy' today, as it is expected to benefit from the potential relisting of Khazanah Nasional Bhd's healthcare unit, Integrated Healthcare Holdings (IHH).
This is more so if, it was to be listed, on Bursa Malaysia.
MIDF said it is positive over the potential corporate exercise, as it will provide a good opportunity for the investment community to tap into an attractive and growing healthcare sector.
'Based on our back-of-envelop estimates, post-listing, the entity will have a market capitalisation of at least RM14 billion, assuming a 25 per cent public inssuance of new shares, it said in a note today. - Bernama
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