In a Wednesday report, Maybank analyst John Cheong says GHK should take between 12 and 18 months to reach EBITDA breakeven due to “start-up scale, operating model, and back office costs”.
SINGAPORE (July 5): Maybank Kim Eng Research is keeping healthcare services provider IHH Healthcare on “hold” with a marginally lower target price RM6.15 ($1.98), from RM6.17 previously.
This is due to an expected increase in costs from Gleneagles Hong Kong (GHK), which started operations in March and is ramping up to its full opening in 3Q17.
