“The RM30 million ($10 million) allocation in Malaysia’s 2018 Budget and additional initiatives to promote medical tourism by the Malaysia Healthcare Travel Council (MHTC) also bode well for the group, in our view,” says Ngoh.
SINGAPORE (Jan 8): CIMB is maintaining its “add” call on Health Management International (HMI) with a target price of 83 cents. HMI is also the research house’s top healthcare stock pick.
In a Sunday report, analyst Ngoh Yi Sin believes that the group is well-positioned to ride on the booming medical tourism in Malaysia with its two established hospital there – Mahkota Medical Centre (MMC) in Malacca and Regency Specialist Hospital (RSH) in Johor.
