Investor Relations

KPJ Healthcare Berhad (KPJ) is one of the leading private healthcare providers in the region with a network of 28 hospitals in Malaysia, 2 hospitals in
Jakarta, Indonesia, 1 hospital in Thailand, 1 hospital in Bangladesh and 4 retirement and aged care facilities in Kuala Lumpur, Sibu, Pahang and in
Brisbane, Australia. With more than 3,000 licensed beds, KPJ hospitals offer a comprehensive range of specialist medical services and have treated more
than 3 million patients in 2019.

Analyst Reports

Date	Title	Analyst	Download
29 Aug 2021	Lower FY21 estimates on weak 1H	Nomura	336 KB
26 Aug 2021	Covid-19 continues to plague	HongLeong Investment Bank	790 KB
26 Aug 2021	Covid-19 continues to plague	HongLeong Investment Bank	769 KB
25 Aug 2021	FY22F recovery looks priced in	CGS CIMB	477 KB
25 Aug 2021	A Weak 1HFY21, Lack of Catalysts	Kenanga	253 KB
25 Aug 2021	2Q21: Below Expectations On The Back Subdued Inpatient Volume	UOB KayHian	46 KB
25 Aug 2021	A Weak 2QFY21	TA Securities	240 KB
25 Aug 2021	Post-results briefing - expect better quarters ahead	J.P. Morgan	530 KB
25 Aug 2021	Downgrading to SELL: weak 2Q results due to low margin	Affin Hwang Investment Bank	987 KB
25 Aug 2021	Missing Estimates	Public Investment Bank	87 KB
24 Aug 2021	Miss on 1H21 net profit due to higher costs incurred	J.P. Morgan	325 KB
24 Aug 2021	1HFY21 Below expectations	KAF	183 KB
24 Aug 2021	Business recovery pushed back to 2022	KAF	194 KB
24 Aug 2021	COVID-19 related services and decanting of public hospital patients drove Q2 margin lower	UBS	196 KB
28 May 2021	2021 Remains Challenging	TA Securities	244 KB
28 May 2021	Covid-19 efforts likely insignificant to earnings	HongLeong Investment Bank	568 KB
27 May 2021	1QFY21: Well Below Expectations On The Back Of Inpatient Volume Dip	UOB KayHian	76 KB
27 May 2021	Hit by Lower Patient Volumes	TA Securities	240 KB
27 May 2021	Sluggish patient volumes	HongLeong Investment Bank	491 KB
27 May 2021	Weak Start	Public Investment Bank	87 KB
27 May 2021	Awaiting earnings recovery	Maybank	970 KB
27 May 2021	A Weak 1QFY21, Lack of Catalysts	Kenanga	257 KB
27 May 2021	More clarity following 1Q21 briefing on vaccinations and COVID-19 patient admissions	J.P Morgan	319 KB
27 May 2021	Lower patient arrivals, bed occupancy drag earnings	Affin Hwang Capital	1009 KB
26 May 2021	Pain before gain; reiterate OW	J.P Morgan	530 KB
26 May 2021	1H21F to be bogged down by MCO 3.0	CGS CIMB	601 KB
25 May 2021	Fresh MCO could stunt 2Q occupancy	Nomura	158 KB
19 Feb 2021	4QFY20: CMCO Stalls Recovery But Within Expectations	UOB KayHian	50 KB
19 Feb 2021	Modest results - lower opex mitigates revenue decline	Affin Hwang Capital	944 KB
19 Feb 2021	Recovery in FY22F	AmInvestment Bank	541 KB
19 Feb 2021	Quick Note	Nomura	232 KB
19 Feb 2021	2021 to Remain Challenging	TA Securities	234 KB
19 Feb 2021	FY20 below expectations	KAF	367 KB
19 Feb 2021	In Vaccine We Trust; Upgrade To BUY	RHB	668 KB
19 Feb 2021	Pleasant surprise end	HongLeong Investment Bank	760 KB
19 Feb 2021	Good Closure to A Whirlwind 2020	MIDF	236 KB
19 Feb 2021	A short lull before the eventual recovery	CGS CIMB	501 KB
19 Feb 2021	Adversely Impacted By Impairment Losses	Public Investment Bank	86 KB
19 Feb 2021	Lack of Catalysts	Kenanga	210 KB
19 Feb 2021	Better days ahead	Maybank	86 KB
19 Feb 2021	4Q20 results in-line	Asia Pacific Equity Research	357 KB
18 Feb 2021	Q4: Slight sequential revenue decline due to CMCO	UBS	344 KB
01 Dec 2020	Recovery on track	Maybank	1093 KB
01 Dec 2020	Lack of Catalysts	Kenanga	165 KB
01 Dec 2020	9M within expectations	KAF	356 KB
01 Dec 2020	3QFY20: Within Expectations With Sequential Recovery, But Re-implementation Of CMCO Prompts Earnings Cut	UOB KayHian	50 KB
01 Dec 2020	Recovery Prospects Priced In; D/G To NEUTRAL	RHB	395 KB
01 Dec 2020	Strong sequential recovery, but still short due to high tax	Affin Hwang Capital	962 KB
01 Dec 2020	Strong recovery expected but lackluster expansion plan	AmInvestment Bank	176 KB
01 Dec 2020	Still on the Path of Recovery	Public Investment Bank	85 KB
01 Dec 2020	9MFY20 Impacted by Covid-19	TA Securities	240 KB
01 Dec 2020	Earnings Rebounded With Improved Patients Visit	MIDF	456 KB
01 Dec 2020	Slow-paced recovery	HongLeong Investment Bank	544 KB
30 Nov 2020	Strong occupancy recovery but taxes hit profits	Nomura	214 KB
30 Nov 2020	Expecting gradual recovery in visitations	CGS CIMB	506 KB
28 Aug 2020	Commendable Earnings Despite Challenging Quarter	MIDF Research	398 KB
28 Aug 2020	Operational metrics has improved since RMCO	AmInvestment Bank	206 KB
28 Aug 2020	2Q20: The Worst Is Over As Occupancy Rates Steadily Improve	UOB KayHian	256 KB
28 Aug 2020	The Worst Is Over; U/G To BUY	RHB	346 KB
28 Aug 2020	Rebounding from the Virus Trough	Public Investment Bank	86 KB
28 Aug 2020	Rebounding from the Virus Trough	Public Investment Bank	86 KB
28 Aug 2020	2Q20 Impacted by MCO	TA Securities	239 KB
28 Aug 2020	Covid-19/MCO impact hits	HongLeong Investment Bank	481 KB
28 Aug 2020	Weak 2Q20 earnings due to lower patient arrivals	Affin Hwang Capital	1150 KB
28 Aug 2020	Results Snapshot	AllianceDBS Research	161 KB
28 Aug 2020	Recovery play	Maybank	1090 KB
28 Aug 2020	2Q20 - below expectations	KAF	204 KB
28 Aug 2020	Better Long-term Prognosis	Kenanga	208 KB
28 Aug 2020	Operational metrics has improved since RMCO	AmInvestment Bank	206 KB
27 Aug 2020	Seeing green shoots of recovery	CGS CIMB	685 KB
27 Aug 2020	2Q above expectation due to government support	Nomura	355 KB
11 Jun 2020	A Weak 1QFY20, But Stronger 2H Seen	Kenanga	340 KB
11 Jun 2020	Look Ahead To a Better FY21	RHB	458 KB
11 Jun 2020	FY20F performance to be subdued due to Covid-19	AmInvestment Bank	224 KB
11 Jun 2020	Slight drop due to Covid-19	HongLeong Investment Bank	566 KB
11 Jun 2020	Not Spared from Covid-19	Public Investment Bank	87 KB
14 Apr 2020	Not So Rosy After All	Public Investment	83 KB
07 Apr 2020	Short-term pain with Covid-19 but long-term growth intact	AmInvestment Bank	325 KB
07 Apr 2020	Short-term pain with Covid-19 but long-term growth intact	AmInvestment Bank	325 KB
03 Apr 2020	Defensive, Though $$$Valuations	Kenanga	417 KB
02 Apr 2020	Hit by movement control order	Maybank	1019 KB
02 Apr 2020	Hit by movement control order	Maybank	1019 KB
31 Mar 2020	Challenges from the Covid-19 outbreak	CGS CIMB	896 KB
31 Mar 2020	Challenges from the Covid-19 outbreak	CGS CIMB	896 KB
27 Feb 2020	4Q19 Earnings Boosted by Tax	TA Securities	235 KB
27 Feb 2020	Earnings lifted by the recognition of tax incentives	MIDF Research	611 KB
27 Feb 2020	Lifted by investment tax allowance	Affin Hwang Capital	561 KB
27 Feb 2020	Expecting a drop in medical tourism in FY20F	AmInvestment Bank	216 KB
27 Feb 2020	Outstanding Quarter Lifted by Lower Tax	Public Investment	84 KB
27 Feb 2020	Relatively defensive	Maybank	788 KB
27 Feb 2020	FY19 Boosted By Investment Tax Allowance	Kenanga	119 KB
27 Feb 2020	4QFY19: A healthy end to the year	CGS CIMB	388 KB
27 Feb 2020	A good finish	HongLeong Investment Bank	539 KB
27 Feb 2020	A solid end	KAF	364 KB
29 Nov 2019	3Q19: Within expectations	Affin Hwang Capital	614 KB
29 Nov 2019	No takers for its aged care facility	MIDF Research	564 KB
29 Nov 2019	Improved results	HongLeong Investment Bank	519 KB
29 Nov 2019	Still Recording Growth	Public Investment Bank	88 KB
29 Nov 2019	9MFY19 Within Expectations	Kenanga	109 KB
03 Sep 2019	A Better 2H	Kenanga	91 KB
03 Sep 2019	Stable despite seasonally weaker 2Q	HongLeong Investment Bank	565 KB
03 Sep 2019	Operational metrics continue to improve	AmInvestment Bank	174 KB
03 Sep 2019	Earnings dragged by MFRS 16 and higher taxation	MIDF Research	394 KB
03 Sep 2019	Still Affected By The MFRS 16 Adoption	RHB	297 KB
03 Sep 2019	Decent Quarter	Public Investment Bank	92 KB
03 Jun 2019	1QFY19 Presents Buying Opportunity	AmInvestment Bank	189 KB
03 Jun 2019	Look Beyond	Kenanga	116 KB
03 Jun 2019	Patient Volume Declined	MIDF Research	365 KB
03 Jun 2019	Striding Along Steadily	CGS CIMB	448 KB
03 Jun 2019	Within Expectations	Affin Hwang Capital	680 KB
03 Jun 2019	Muted Start	BIMB Securities Research	747 KB
03 Jun 2019	Starting FY19 On A Good Footing	HongLeong Investment Bank	568 KB
03 Jun 2019	Steady Start For FY19	Public Investment Bank	87 KB
03 Jun 2019	1QFY19 Presents Buying Opportunity	AmInvestment Bank	365 KB
20 Feb 2019	A Decent Set Of Results	RHB	618 KB
20 Feb 2019	Strong support from domestic operation	MIDF Research	175 KB
20 Feb 2019	Exceeding Expectations	Public Investment Bank	89 KB
20 Feb 2019	FY18 Within Expectations	Kenanga	123 KB
19 Feb 2019	Good end to the year	CGS CIMB	442 KB
19 Feb 2019	Oldwives say that hiccups result in growth	HongLeong Investment Bank	479 KB
30 Nov 2018	9MFY18 earnings below our expectation	MIDF Research	173 KB
30 Nov 2018	A healthy performance	HongLeong Investment Bank	594 KB
30 Nov 2018	Expecting a better 4Q Results	TA Securities	228 KB
30 Nov 2018	9M18 In Line With The Right Prescription	Kenanga Research	122 KB
30 Nov 2018	In the pink of health	DBS Group Research	193 KB
30 Nov 2018	Healthy 9MFY18 earnings growth	AmInvestment Bank	190 KB
30 Nov 2018	Another Healthy Quarter	Public Investment	94 KB
29 Nov 2018	A decent 9M18	Affin Hwang Capital	623 KB
05 Oct 2018	Off The Charts Valuation	Kenanga Research	394 KB
03 Oct 2018	KPJ Rawang: Spoke hospital par excellence	HongLeong Investment Bank	442 KB
14 Sep 2018	Solid Prognosis for 2H18	Kenanga Research	220 KB
14 Sep 2018	Healthier prospects ahead	Rakuten Trade	512 KB
17 Aug 2018	Healthy 1HFY18	Public Investment	90 KB
17 Aug 2018	Season in the sun	BIMB Securities Research	473 KB
17 Aug 2018	In the pink of health	AllianceDBS Research	141 KB
17 Aug 2018	Results Review: 2QFY18	HLIB Research	476 KB
26 Mar 2018	FY17 Above Expectations	Kenanga Research	97 KB
16 Mar 2018	Trading Idea: KPJ - A defensive play amid external headwinds and GE uncertainty; Poised for a downtrend line breakout	HLIB Research	335 KB
13 Mar 2018	All is swell at KPJ	HLIB Research	486 KB
05 Mar 2018	Healthier prospects ahead	AllianceDBS Research	529 KB
27 Feb 2018	4Q17 : A Strong End To 2017	Alliance DBS Reasearch	157 KB
27 Feb 2018	FY17 A Stellar Performance	HLIB Research	519 KB
27 Dec 2017	Hopeful for Greater Traction in FY18	TA Securities	273 KB
24 Nov 2017	Healthier prospects ahead	DBS Group Research	493 KB
24 Nov 2017	3Q17 : Healthier prospects ahead	Alliance DBS Reasearch	482 KB
24 Nov 2017	Higher operating expenses a drag on earnings	MIDF Research	199 KB
24 Nov 2017	Subdued 3QFY17	Public Investment Bank	88 KB
24 Nov 2017	Earnings Evaluations	HLIB Research	389 KB
24 Nov 2017	3Q17: Misses Expectations; Margin Downswing Drags Earnings	UOBKayHian	154 KB
25 Aug 2017	Results Review: 2Q17	BIMB Securities Research	647 KB
25 Aug 2017	1HFY17 Within Expectations	Public Investment	87 KB
25 Aug 2017	Strained Valuations	Kenanga Research	100 KB
25 Aug 2017	Decent Performance In 1H17	Affin Hwang Capital	322 KB
24 Aug 2017	Malaysia Still The Growth Driver	Maybank	954 KB
29 May 2017	1QFY17 In Line	Public Investment	86 KB
29 May 2017	Encouraging QoQ Improvement in Inpatient Traffic	TA Securitites	228 KB
29 May 2017	Grossly Overlooked	BIMB Securities Research	639 KB
29 May 2017	Revenue Boosted by Malaysian Hospitals Contributions	MIDF Research	192 KB
17 May 2017	No Significant Stimulants Foreseen	Alliance DBS Reasearch	344 KB
22 Feb 2017	High Valuations	BIMB Securities Research	522 KB
22 Feb 2017	Patient Attrition Remains A Concern	AmInvestment Bank	183 KB
22 Feb 2017	Second Consecutive Year of Subdued Patient Growth	TA Securitites	248 KB
22 Feb 2017	Below Expectations	Maybank	655 KB
22 Feb 2017	Margin Recovery	Public Investment	86 KB
21 Feb 2017	FY16 results in-line; Maintain OW	J.P.Morgan	333 KB
02 Dec 2016	Exiting Hospital Penawar	MIDF Research	173 KB
02 Dec 2016	Retesting The 1,630 Level	Market Pulse	153 KB
02 Dec 2016	3Q 2016 Result Round-Up: Encouraging Signs (Strategy)	Public Investment	167 KB
01 Dec 2016	Headline Operational Metrics Remains Intact	MIDF Research	203 KB
01 Dec 2016	3Q16: Within Expectation	Maybank	644 KB
01 Dec 2016	No Fresh Catalyst	Kenanga Research	123 KB
01 Dec 2016	Rebound Possible To Lift FBM KLCI Above 1,620	Market Pulse	199 KB
01 Dec 2016	Dragged By Higher Operating Costs	Public Investment	82 KB
01 Dec 2016	No Surprises, Outlook Still Challenging	BIMB Securities Research	578 KB
01 Dec 2016	3Q16 Result Weaker Than Expected	Affin Hwang Capital	330 KB
01 Dec 2016	Subdued Top-Line But Bottom-Line Improves QoQ	TA Securities	245 KB
30 Nov 2016	3Q16: Healthy Quarter	KAF	101 KB
30 Aug 2016	1HFY16 Higher Costs	Public Investment	92 KB
30 Aug 2016	2Q16: Below expectations	Maybank	498 KB
30 Aug 2016	No Fresh Catalyst	Kenanga Research	123 KB
30 Aug 2016	Modest Revenue Growth Offset by High Operating Costs	M&A Securities	542 KB
28 Jun 2016	Prepared For Next Phase of Growth	M&A Securities	629 KB
20 May 2016	1QFY16 In Line	Public Investment	90 KB
20 May 2016	A Cracking Start	RHB Research	257 KB
20 May 2016	Retail insights	Affin Hwang Capital	1260 KB
20 May 2016	Patient volume rebounds in 1Q	AmInvestment Bank	719 KB
20 May 2016	Starting the year right	Maybank	712 KB
20 May 2016	Result Review (1Q16)	M&A Securities	538 KB
19 May 2016	1Q16: Bottom line flat trailing market expectations though EBITDA growth healthy and broadly in line; maintain OW	J.P.Morgan	275 KB
02 Mar 2016	Forecasts cut on higher ESOS provisions and slower top line; Maintain OW	J.P.Morgan	778 KB
01 Mar 2016	Expecting a Flattish Year Ahead	Public Investment	91 KB
01 Mar 2016	4Q15 dragged down by margin compression	Affin Hwang Capital	413 KB
01 Mar 2016	Quarter Hampered By ESOS	TA Securities	204 KB
01 Mar 2016	KPJ Healthcare (KPJ MK) 2015: In Line With Expectations	UOB KayHian	220 KB
01 Mar 2016	Slowdown in volume in FY15	AmInvestment Bank	709 KB
01 Mar 2016	Within expectations	KAF	89 KB
01 Mar 2016	12M15 Came in Above Expectations	Kenanga Research	144 KB
01 Mar 2016	DBS Group Research . Equity	DBS VICKERS SECURITIES	301 KB
14 Jan 2016	Moving on cautiously into FY16	mldfResearch	185 KB
27 Nov 2015	Cost Challenges	Public Investment	78 KB
27 Nov 2015	9M15 Above Our Expectation	Kenanga Research	151 KB
27 Nov 2015	Healthy 9M numbers	AmResearch	397 KB
27 Nov 2015	Healthy growth	KAF	80 KB
27 Nov 2015	3Q15: Within Expectations; Digesting The Impact Of The GST	UOB KayHian	46 KB
27 Nov 2015	Resilient performance	DBS Vickers Securities	156 KB
27 Nov 2015	Resilient earnings	CIMB	377 KB
26 Nov 2015	3Q15 operational performance in line; maintain OW	J.P Morgan	350 KB
26 Nov 2015	3Q15 as good as expected	Affin Hwang Capital	313 KB
23 Nov 2015	New Healthcare Facility in Coronation Square, Johor	TA Securities	277 KB
23 Nov 2015	Acquiring parcels in Coronation Square	AmResearch	177 KB
16 Oct 2015	Higher interest cost, but healthy EBITDA growth & a larger expansion pipeline to drive valuations/earnings	J.P Morgan	633 KB
28 Aug 2015	1H15 Above Our Expectation, Still Expensive	Kenanga Research	179 KB
28 Aug 2015	Steady as she goes	Alliance Research	121 KB
28 Aug 2015	Future hospital expansions to sustain growth	MIDF Research	164 KB
28 Aug 2015	1H performance within expectations	AmResearch	568 KB
28 Aug 2015	Churning Results from New Openings	TA Securities	205 KB
28 Aug 2015	Public Invest Research Results Review	Public Investment	78 KB
27 Aug 2015	Commentary: KPJ reports 1HFY15 results in line with expectations	Goldman Sachs Global Investment Research	160 KB
27 Aug 2015	Stronger 2Q15 despite GST impact	Affin Hwang Capital	328 KB
01 Jul 2015	Insured Growth	RHB Research	320 KB
29 May 2015	Fit From The Start	RHB Research	KB
29 May 2015	Chugging along	Alliance Research	121 KB
29 May 2015	In line: Positive litigation outcome removes overhang; Buy	Goldman Sachs Global Investment Research	208 KB
29 May 2015	Sound 1QFY15 Performance	TA Securities	193 KB
29 May 2015	1QFY15 A Good Start	Public Investment	337 KB
29 May 2015	1QFY15 Healthy start	BIMB Securities Research	654 KB
29 May 2015	1Q15 Within Expectations	Kenanga Research	138 KB
29 May 2015	Results Review (1Q15)	M&A Securities	375 KB
28 May 2015	1Q15 results in line, remains our top sector and one of our top country picks	J.P Morgan	212 KB
28 May 2015	A decent start	CIMB	456 KB
28 May 2015	Resilient demand in 1Q15	Affin Hwang Capital	401 KB
23 Apr 2015	Note from Invest Malaysia 2015	CIMB	504 KB
02 Apr 2015	Take Over Bid on Crossborder Hall and Crossborder Aim	M&A Securities	328 KB
01 Apr 2015	Buying Indonesian Hospitals	Kenanga Research	143 KB
24 Mar 2015	Margin pressure from GST	AmResearch	520 KB
20 Mar 2015	Injects Seremban land into Al-'Aqar	AmResearch	286 KB
20 Mar 2015	Land Disposal To Facilitate Expansion	RHB Research	240 KB
20 Mar 2015	Sell and Leaseback in Seremban	Kenanga Research	140 KB
02 Mar 2015	Confident Steps	Public Investment	344 KB
02 Mar 2015	Improving margins on higher revenue	AmResearch	385 KB
02 Mar 2015	A weak end to a good year	MIDF Research	111 KB
02 Mar 2015	Closing on a High	TA Securities	288 KB
02 Mar 2015	Healthy ending	CIMB	374 KB
02 Mar 2015	4Q14 Boosted By Exceptionals	Kenanga Research	126 KB
27 Feb 2015	FY14 results confirm EBITDA margin recovery	J.P. Morgan	479 KB
04 Feb 2015	Maintaining Trajectory	TA Securities	300 KB
27 Nov 2014	A speedy recovery	Standard Chartered	536 KB
26 Nov 2014	Strong growth on higher utilisation	MIDF Research	106 KB
26 Nov 2014	9M14 Results in Line, Margin Recovery Continues	J.P. Morgan	548 KB
26 Nov 2014	Growth Trajectory Priced-in	Kenanga Research	110 KB
26 Nov 2014	In Good Health 9M14	M&A Securities	433 KB
26 Nov 2014	Higher Margins Cushion Seasonally Slow Quarter	TA Securities	201 KB
26 Nov 2014	Within expectations	Affin Hwang Capital	347 KB
26 Nov 2014	Hale and hearty in 3Q	CIMB	377 KB
26 Nov 2014	On the right track	BIMB Securities Research	704 KB
26 Nov 2014	Continued Margin Improvement In 3Q	AmResearch	340 KB
26 Nov 2014	Better Margins	Public Investment	261 KB
07 Nov 2014	Key takeaways from our D3T5 conference	Standard Chartered	250 KB
31 Oct 2014	Fairly bright prognosis	MIDF Research	177 KB
24 Oct 2014	NDR: Cost and gearing	Macquarie Research	686 KB
17 Oct 2014	Taking Steps To Address Growing Demand	RHB Research	209 KB
17 Oct 2014	Signs MoU to develop KPJ Damansara Specialist II	AmResearch	160 KB
07 Oct 2014	Growth Trajectory Reflected in Price	Kenanga Research	137 KB
07 Oct 2014	Injects KPJUC extension into Al-‘Aqar	AmResearch	177 KB
07 Oct 2014	Selling Building and Land for RM77.8m	Kenanga Research	1499 KB
07 Oct 2014	Injection into Al-Aqar	TA Securities	197 KB
07 Oct 2014	Disposal of Properties to Al-Aqar REIT	Public Investment	223 KB
02 Oct 2014	Expensive valuation	Affin Hwang Capital	438 KB
01 Oct 2014	Looking beyond 2016	Standard Chartered	594 KB
30 Sep 2014	Healthier…but still challenged	CLSA Limited	368 KB
29 Sep 2014	Things are Looking Better	TA Securities	298 KB
29 Sep 2014	Adding a Premium Touch	Public Investment	229 KB
27 Aug 2014	Margins improvement	AmResearch	317 KB
27 Aug 2014	Consistent Performance in 2Q14	M&A Securities	512 KB
27 Aug 2014	Steady as she goes	MIDF Research	109 KB
27 Aug 2014	Growth Trajectory Reflected in its Financials	Kenanga Research	137 KB
27 Aug 2014	Continued Improvement	Public Investment	264 KB
27 Aug 2014	Gross margin improve y-o-y	Alliance Research	241 KB
27 Aug 2014	On Track for Better Performance	TA Securities	1310 KB
26 Aug 2014	Margins improved through better cost control	Affin Investment	235 KB
26 Aug 2014	Upgrade to OW; 2Q14 results beat, with second consecutive quarter of margin recovery	J.P.Morgan	1111 KB
26 Aug 2014	Recovery already priced in	CIMB	419 KB
06 Aug 2014	Gearing up for the future	BIMB Securities	1310 KB
25 Jul 2014	Expansion on track	Standard Chartered	565 KB
26 Jun 2014	Turning the Corner	Public Investment	223 KB
12 Jun 2014	Earnings downgrades stabilizing but consistency in performance is key from here; prefer IHH (OW)	J.P.Morgan	220 KB
09 Jun 2014	Notes from Invest Malaysia 2014	CIMB	454 KB
09 Jun 2014	Better days ahead	KAF	135 KB
05 Jun 2014	Private hospitals key beneficiaries of rising healthcare spend; initiate on 5 cos, Buy KPJ	GoldmanSachs	1785 KB
27 May 2014	Cost, cost and cost	Macquire	500 KB
27 May 2014	1Q in line; single-tier dividend declared	AmResearch	409 KB
27 May 2014	No quick remedy for Aged Care and Support Services segments	midf Research	118 KB
27 May 2014	Malaysia Equity Research	Alliance Research	143 KB
27 May 2014	A Healthy Start To 2014	RHB Research	382 KB
27 May 2014	Commendable Results	Public Investment	262 KB
27 May 2014	Highly Geared	TA Securities	198 KB
27 May 2014	1Q14 results: Margins recovered but execution & consistency is now key; prefer IHH	J.P.Morgan	342 KB
27 May 2014	Growth Trajectory Reflected in its Financials	Kenanga Research	141 KB
26 May 2014	A case of less growing pains	CIMB	480 KB
29 Apr 2014	Attractive growth story; execution needs improvement	Credit Suisse	259 KB
29 Apr 2014	10% profit growth target	Macquire	455 KB
22 Apr 2014	Hardware cost savings of at least 30% from IT upgrades	AmResearch	82 KB
15 Apr 2014	Earnings growth to remain tepid	Alliance Research	234 KB
17 Mar 2014	Unfavourable Prognosis	Kenanga Research	199 KB
14 Mar 2014	Growth Pains May Fade Away	Standard Chartered	421 KB
12 Mar 2014	Hoping For A Long-Term Payoff	CIMB	451 KB
03 Mar 2014	Expansion Continues To Drag Margins	AmResearch	393 KB
03 Mar 2014	Jump In Finance Cost On Higher Borrowings	TA Securities	200 KB
03 Mar 2014	FY13 Closes Stronger	Public Investment	203 KB
03 Mar 2014	Profitability Pressured By Aggressive Expansion	midf Research	121 KB
02 Mar 2014	Higher Start-Up Loss Dampens 4Q	CIMB	419 KB
22 Jan 2014	Still A Pricey Remedy	CIMB	434 KB
21 Jan 2014	Sobering Prognosis	Public Investment	222 KB
20 Nov 2013	Venturing Into Bangladesh	Public Investment	182 KB
20 Nov 2013	Foray into the Bangladesh healthcare market	AmResearch	83 KB
20 Nov 2013	Venturing into Bangladesh	TA Securities	194 KB
20 Nov 2013	Setting Up Shop In Bangladesh	RHB Research	232 KB
07 Nov 2013	Land acquisition for the extension of Kuching Specialist	AmResearch	83 KB
07 Nov 2013	Acquiring Kuching Land for RM16.5m	Public Investment	179 KB
18 Oct 2013	Acquiring Menara 238	AmResearch	34 KB
18 Oct 2013	Stretching the Balance Sheet	Kenanga Research	154 KB
18 Oct 2013	Buying Menara 238 For RM206m	Public Investment	194 KB
02 Oct 2013	Trying Times	Public Investment	271 KB
30 Sep 2013	Another hospital in the pipeline	Affin Securities	313 KB
30 Sep 2013	Expansion plan continues	AmResearch	82 KB
19 Sep 2013	Better Margin Envisaged	TA Securities	202 KB
02 Sep 2013	Impacted by gestation losses	AmResearch	408 KB
14 Aug 2013	Storm before the calm	CLSA	285 KB
01 Aug 2013	Business As Usual	Public Investment	188 KB
30 Jul 2013	Proposes Bonus And Rights Issue	RHB Research	148 KB
30 Jul 2013	Bonus and rights issue	Alliance Research	271 KB
30 Jul 2013	Proposed Corporate Exercise	Public Investment	406 KB
30 Jul 2013	A bonus and rights issue exercise	Affin Securities	85 KB
29 Jul 2013	Embroiled In RM70.5m Lawsuit	Public Investment	184 KB
29 Jul 2013	Two New Blocks for KPJ Seremban	TA Securities	203 KB
23 Jul 2013	Profitability affected by aggressive growth	midf Research	120 KB
16 Jul 2013	A home for the aged	AmResearch	80 KB
26 Jun 2013	Constantly casting an eye for more hospital	AmResearch	54 KB
10 Jun 2013	Still Our Top Healthcare Pick	RHB Research	224 KB
25 May 2013	Earnings momentum to pick up	AmResearch	400 KB
23 May 2013	The Pain Before the Gain	TA Securities	205 KB
23 May 2013	Slight Blip In 1QFY13 Profits	RHB Research	217 KB
23 May 2013	Worse than expected	CLSA	143 KB
23 May 2013	Conditions not all well	midf Research	171 KB
23 May 2013	Margin Compression	Public Investment	199 KB
22 May 2013	Increasing costs hurt profitability	Macquarine Equities Research	467 KB
17 May 2013	Our upbeat view strengthened	AmResearch	471 KB
03 May 2013	Proposal to SC to allow acquisition of greenfield assets	AmResearch	86 KB
29 Apr 2013	Not Yielding Anytime Soon	RHB Research	100 KB
18 Apr 2013	Acquiring the only private hospital in Rawang	Alliance Research	210 KB
18 Apr 2013	Acquired Rawang Specialist Hospital	midf Research	124 KB
18 Apr 2013	Acquired Rawang Specialist Hospital	midf Research	124 KB
18 Apr 2013	Brownfield Acquisition	Public Investment	183 KB
18 Apr 2013	Adding another 159 beds	AmResearch	79 KB
03 Apr 2013	Undervalued Gem	Public Investment	182 KB
03 Apr 2013	Undervalued Gem	Public Investment	182 KB
03 Apr 2013	Decent growth prospects largely priced in	Alliance Research	1287 KB
12 Mar 2013	Singapore/Malaysia Hospitals	CreditSuisse	1500 KB
04 Mar 2013	Fundamentals remain intact	Macquarine Equities Research	380 KB
01 Mar 2013	Unexpected delays	Macquarine Equities Research	317 KB
01 Mar 2013	Short-term pain on the way to regional dominance	midf Research	173 KB
01 Mar 2013	No Surprises	TA Securities	203 KB
01 Mar 2013	No Surprises	RHB Research	78 KB
01 Mar 2013	Clean Bill of Health	Public Investment	138 KB
01 Mar 2013	Margin pressure from start-up losses of new hospitals	AmResearch	445 KB
15 Feb 2013	Defensive growth with undemanding valuation	Affin Securities	60 KB
21 Jan 2013	KPJ Is Still The Cheaper Alternative	RHB Research	125 KB
07 Jan 2013	Healing power	CIMB	437 KB
02 Jan 2013	Demand Fueled By Favourable Demographics	RHB Research	171 KB
02 Jan 2013	Sustaining a positive long term growth	AmResearch	255 KB
04 Dec 2012	Changing of guard but not of heart - ALERT	J.P.Morgan	229 KB
30 Nov 2012	9M12 results came in lower as new start ups require a longer gestation period	J.P.Morgan	334 KB
30 Nov 2012	Dragged by international operation	Macquarine Equities Research	369 KB
30 Nov 2012	Still Healthy	Public Investment	197 KB
30 Nov 2012	3Q12 Core Net Profit Slipped 4.1% QoQ	RHB Research	79 KB
26 Nov 2012	Heading up north to Thailand	Macquarine Equities Research	315 KB
26 Nov 2012	One Small Step	Public Investment	72 KB
26 Nov 2012	Acquisition of 23.4% Stake In Vejthani	RHB Research	72 KB
26 Nov 2012	One hospital in Bangkok	J.P.Morgan	371 KB
25 Sep 2012	Understanding sector ROEs	Macquarine Equities Research	601 KB
13 Sep 2012	Acquisition of Sri Manjung Specialist Centre	RHB Research	72 KB
13 Sep 2012	Another Hospital On Deck	midf Research	116 KB
10 Sep 2012	An Undervalued Healthcare Leader	Macquarine Equities Research	1406 KB
17 Aug 2012	Resilient On All Fronts	Public Investment	203 KB
17 Aug 2012	Another Encouraging Performance	midf Research	370 KB
17 Aug 2012	Still Growing Aggressively	RHB Research	76 KB
12 Aug 2012	Puteri Specialist Hospital expansion	J.P.Morgan	370 KB
09 Aug 2012	Another Asset Disposal	midf Research	205 KB
02 Aug 2012	Acquisition of Remaining 49% Stake In SMC Healthcare	RHB Research	72 KB
02 Aug 2012	Looking East	Public Investment	189 KB
31 Jul 2012	Bright Prospects Ahead	RHB Research	91 KB
30 Jul 2012	Continuing growth story	midf Research	120 KB
28 Jun 2012	Asset Light Approach Continues	midf Research	105 KB
01 Jun 2012	A healthy start	AmResearch	103 KB
01 Jun 2012	Earnings In Line; Expect Pick-Up In 2H	RHB Research	76 KB
01 Jun 2012	1Q Results Encouraging	Public Investment	228 KB
15 May 2012	Healthy Growth	Public Investment Bank	393 KB
20 Apr 2012	Expanding Into Miri	midf Research	103 KB
09 Apr 2012	Back on an aggressive expansion mode	AmResearch	328 KB
26 Mar 2012	Acquisition Of 80% Stake In PT KPJ Medika	RHB Research	74 KB
21 Mar 2012	Expansion Plan Intact	midf Research	181 KB
27 Feb 2012	Core Net Profit Up 20% Qoq	RHB Research	77 KB
27 Feb 2012	Delivered with no surprises	Maybank	431 KB
27 Feb 2012	A Strong Set of Results to End the Year	TA Securities	198 KB
27 Feb 2012	A record high quarter!	Affin Securities	161 KB
25 Feb 2012	Hearty Numbers	OSK	228 KB
16 Feb 2012	Time to take a breather	Maybank	427 KB
10 Feb 2012	All Signs Point to Healthy Numbers	OSK	217 KB
10 Feb 2012	A re-rating catalyst in 4QFY11 results?	J.P.Morgan	427 KB
03 Feb 2012	Beyond hospital healthcare services	Affin Securities	403 KB
03 Feb 2012	An Exciting Year Ahead	RHB Research	88 KB
31 Jan 2012	Gaining a Global Flavour	OSK	295 KB
16 Jan 2012	Still healthy	J.P.Morgan	1264 KB
01 Dec 2011	3QFY Dec 2011 Results	InsiderAsia	364 KB
30 Nov 2011	Another Encouraging Quarter	midf Research	116 KB
30 Nov 2011	3QFY11 Net Profit Up 9.3% Qoq	RHB Research	78 KB
30 Nov 2011	Niche Specialist With Regional Dreams	Maybank	874 KB
30 Nov 2011	Resilient Earnings	TA Securities	195 KB
25 Nov 2011	Stepping-Up Its Expansion Efforts	TA Securities	285 KB
18 Nov 2011	Still On The Growth Track	OSK	175 KB
14 Nov 2011	Working Up A Big Growth Appetite	OSK	119 KB
10 Nov 2011	Zooming In On Stock Ideas	OSK	317 KB
12 Oct 2011	Still A Growth Story	MIDF Research	140 KB
28 Sep 2011	KPJ Buy	InsiderAsia	444 KB
22 Aug 2011	Flattish 2Q	TA Securities	270 KB
22 Aug 2011	Still Healthy	OSK	223 KB
22 Aug 2011	Expecting A Stronger 2H	RHB Research	80 KB
22 Aug 2011	Results Broadly Inline With Expectations, Below Street	Affin Securities	90 KB
17 Aug 2011	KPJIUC Stepping In	Affin Securities	91 KB
05 Aug 2011	For The Longer Term	OSK	177 KB
26 Jul 2011	First Step Into Perlis	Affin Securities	89 KB
26 Jul 2011	Big Move Into Education	Affin Securities	77 KB
12 Jul 2011	To Perlis With Care	OSK	177 KB
12 Jul 2011	To Perlis With Care	OSK	177 KB
10 Jul 2011	Positive Developments	TA Securities	180 KB
30 Jun 2011	Steady and defensive	Standard Chartered	383 KB
14 Jun 2011	2 New ETP Healthcare Projects Unveiled	RHB Research	63 KB
23 May 2011	Healthy Future	OSK	83 KB
23 May 2011	No Surprises	RHB Research	77 KB
01 Mar 2011	FY10 Net Profit Up 5.9% YoY	RHB Research	73 KB
01 Mar 2011	Full-year earnings inline	Affin Securities	82 KB
01 Mar 2011	In Good Health	TA Securities	261 KB
01 Mar 2011	Growing Healthily	OSK	81 KB
19 Jan 2011	Expanding Its Footprint In Sarawak	Affin Securities	63 KB
19 Jan 2011	Expanding Its Foothold To Sibu, Sarawak	RHB Research	71 KB
19 Jan 2011	21 and Still Counting	OSK	94 KB
02 Dec 2010	Care For Life	TA Securities	898 KB
01 Dec 2010	Record quarterly earnings	Affin Securities	74 KB
01 Dec 2010	9MFY10 Net Profit Up 17.8% YoY	RHB Research	78 KB
30 Nov 2010	In Good Form, as Expected	OSK	57 KB
23 Sep 2010	Setting Foot Down Under	OSK	40 KB
01 Sep 2010	Expecting A Stronger 2H10	RHB Research	78 KB
01 Sep 2010	Making steady progress	Affin Securities	45 KB
30 Aug 2010	1HFY10 Results Review	OSK	81 KB
06 Aug 2010	The Wealth Effect	RHB Research	108 KB
17 Jun 2010	Brighter Prospects Ahead	RHB Research	108 KB
07 Jun 2010	Moving To A New Valuation Benchmark	RHB Research	119 KB
01 Jun 2010	Another satisfactory quarter	Affin Securities	44 KB
01 Jun 2010	No Surprises	RHB Research	75 KB
01 Jun 2010	Stronger and Healthier	OSK	80 KB
13 Apr 2010	Healthy Outlook	OSK	286 KB
01 Apr 2010	Imminent re-rating CU	Affin Securities	260 KB
01 Apr 2010	In a sweet spot	Nomura	76 KB
01 Apr 2010	Acquisition of Land in Plentong, Johor Bahru for RM7.1m	RHB Research	74 KB
10 Mar 2010	Injecting Another Three Hospitals Into KPJ REIT	RHB Research	74 KB
01 Mar 2010	Another sterling year	Affin Securities	48 KB
01 Mar 2010	On Track To Meet Its 2012 Target	RHB Research	77 KB
01 Mar 2010	A Healthy Ending	OSK	84 KB
25 Jan 2010	Targets 10-15% Growth p.a.	RHB Research	80 KB
19 Jan 2010	Riding on robust domestic demand	Nomura	57 KB
18 Jan 2010	Underlying share offers more value than warrants	Affin Securities	35 KB
07 Jan 2010	A Fresh Start	OSK	460 KB
29 Dec 2009	Improved liquidity closing the valuations gap	Affin Securities	94 KB
09 Dec 2009	Expansion On The Way	RHB Research	85 KB
26 Nov 2009	3Q FY09: Strong set of results	SJ Securities	226 KB
26 Nov 2009	Maintain Buy	Standard & Poor's	86 KB
25 Nov 2009	In Robust Health	OSK	102 KB
25 Nov 2009	A good set of results	Affin Securities	48 KB
09 Oct 2009	Another rising star under the Johor Corp's portfolio	Affin Securities	61 KB
02 Oct 2009	A Long Awaited Move	OSK	38 KB
01 Oct 2009	Cured Dividend	TA Securities	1309 KB
28 Aug 2009	Upgrade to Buy (from Hold)	Standard & Poor's	87 KB
28 Aug 2009	2Q FY09: Solid and slightly above expectations	SJ Securities	225 KB
27 Aug 2009	In the Pink of Health	OSK	74 KB
30 Jul 2009	And Now To Klang	OSK	34 KB
21 Jul 2009	Meeting The Needs of Kuantan	OSK	33 KB
21 May 2009	Cut to Hold (from Buy)	Standard & Poor's	86 KB
21 May 2009	1Q FY09: Robust and in-line with expectations	SJ Securities	214 KB
02 Mar 2009	Cut to Buy (from Strong Buy)	Standard & Poor's	86 KB
27 Feb 2009	4Q FY08: In-line with expectations	SJ Securities	204 KB
16 Dec 2008	Results Report - KPJ - 081216	SJ Securities	148 KB
25 Nov 2008	Retain Strong Buy	Standard & Poor's	85 KB
25 Nov 2008	Results Report - KPJ - 081125	SJ Securities	202 KB
07 Oct 2008	A highly defensive yield and value pick	Affin Securities	116 KB
20 Aug 2008	2QFY08 : RM305.9m Buildings Sale Proposal	SJ Securities	158 KB
20 Aug 2008	1H08 results. Maintain Strong Buy	Standard & Poor's	144 KB
30 May 2008	QFY08 : In Line with Expectations	SJ Securities	143 KB
30 May 2008	KPJ Strong Buy	Standard & Poor's	132 KB
23 May 2008	Growing Healthy	SJ Securities	453 KB
03 Mar 2008	KPJ 4Q07 results. Retain Strong Buy	Standard & Poor's	72 KB
29 Feb 2008	Stronger Earnings, Results Above Expectations	Affin Securities	50 KB
21 Jan 2008	Retain Strong Buy	Standard & Poor's	91 KB
17 Jan 2008	Malaysia Small Caps	Credit Suisse	997 KB
30 Nov 2007	9MFY07 results 25% above consensus; raising target price by 18%	Credit Suisse	107 KB
31 May 2007	1QFY12/07 Earnings Boosted By New Hospitals	RHB Research	204 KB
09 Apr 2007	Healthcare remedy; initiating with a Buy	Deutsche Bank	667 KB
01 Mar 2007	Weakerr--tthan--expectted headlliine numberrs miislleadiing	HLG Research	78 KB
01 Mar 2007	FY06 results show strong underlying growth	Credit Suisse	127 KB
17 Jan 2007	PINK OF HEALTH - A study of the local healthcare industry	AmResearch	406 KB
12 Jan 2007	3Q06 Results Report	midf Research	22 KB
08 Jan 2007	Healthy bill ahead	Affin Securities	127 KB
30 Nov 2006	3Q FY06 results show long-term growth prospects intact	Credit Suisse	97 KB
29 Nov 2004	3Q Results Review	SBB Securities	94 KB
29 Nov 2004	3QFY12/04 Results - Health Makes Wealth	RHB Research	127 KB

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