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HMI
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jessliew
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11-Feb-2016 20:52
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HMI?s 2Q2016 revenue grows 13% to RM 96.6 million
Highlights Growth underpinned by higher patient load and average bill sizes Profit before tax up 12% to RM 16.6 million for 2Q2016 Construction of new medical block at Regency will add over 100 clinic suites, dedicated outpatient procedure areas and additional patient beds FINANCIAL HIGHLIGHTS 2Q2016 2Q2015 Change RM?000 RM?000 % Revenue 96,622 85,233 13 Gross Profit 30,590 26,767 14 Gross Profit Margin (%) 31.7 31.4 0.3 pts Profit before Tax 16,627 14,792 12 Net Profit Attributable to Equity Holders 5,394 5,457 (1) Basic Earnings per Share (cents) 0.93 0.95 (1) SINGAPORE ? 11 February 2016 - Health Management International Ltd (?HMI? or the ?Group?), a fast growing regional private healthcare provider, reported revenue of RM 96.6 million for the second quarter ended 31 December 2015 (?2Q2016?), up 13% from a year ago (?2Q2015?). Profit before tax for the quarter grew 12% year-on-year (?y-o-y?) to RM 16.6 million while PATMI remained stable at RM 5.4 million. The growth in revenue was underpinned by higher patient load and increased average bill sizes at both Mahkota Medical Centre (?Mahkota?) and Regency Specialist Hospital (?Regency?) in Malaysia. As one of the largest and most established tertiary hospitals in Malaysia, Mahkota in Malacca continues to perform strongly and grew its revenue for the quarter to RM 61.7 million, an increase of 9% y-o-y. Regency in Johor reported a 16% growth in revenue to RM 32.9 million for 2Q2016, reinforcing its position as one of the fast growing tertiary hospitals in Malaysia. Despite increased costs from GST, healthy revenue growth and improving economies of scale resulted in the overall gross profit margin for the Group expanding slightly to 31.7% in 2Q2016, compared to 31.4% in 2Q2015. Administrative expenses increased by RM 3.8 million y-o-y to RM 14.9 million, mainly due to higher general operating costs, RM 1.0 million increase in depreciation expenses and higher share-based payment expenses of RM 0.3 million. Tax expense increased by RM 2.0 million mainly due to the utilisation of RM 1.4 million deferred tax assets by Regency in the current financial period. Cashflow from operations before working capital changes grew 10% year-on-year to RM 23.3 million while the Group?s balance sheet remained robust with cash and cash equivalents of RM 50.3 million. Operational Updates Mahkota Medical Centre Mahkota, one of the largest and most established tertiary hospitals in Malaysia, is a well-regarded healthcare brand in the region. Earlier in 2015, it was conferred the ?Malaysia Medical Tourism Hospital of the Year 2015? award by Frost & Sullivan, a testament to its consistent growth and performance and 11 February 2016 extensive services for medical tourists. There was continued growth in patient visits as well as increases in average bill sizes during the quarter. The hospital added a new day surgery unit in September 2015. Other expansion plans are progressing which includes the addition of more inpatient beds and a new PET/CT scanner at the Mahkota Cancer Centre. Regency Specialist Hospital Regency continues to demonstrate strong performance and healthy revenue growth. Although the hospital has only recently entered into its seventh year of operations, it already offers 19 medical and surgical specialties and has also recently started its open heart surgery programme. The new 10-storey medical block will add over 100 clinic suites, dedicated outpatient procedure areas and more patient beds. Construction is expected to commence in 2016 and be completed within two years. The estimated construction cost of RM 90.0 million will be funded by external debt and the Group?s internal cash resources. Looking ahead Commenting on the Group?s performance, HMI Group Chief Executive Officer, Ms Chin Wei Jia said, ?Despite the increasing competition faced by both Mahkota and Regency, our hospitals continue to deliver strong revenue performance. We have commenced expansion plans at our hospitals to cope with increasing patient volumes as well as enhancing our healthcare services to provide a comprehensive suite of offerings. At the same time, we have also begun looking for investment opportunities to further drive the Group?s next phase of growth.? A recent article by The Star also reported that Malaysia is one of the top three preferred destinations for healthcare travel in Asia. The Malaysia Healthcare Travel Council also expects more medical tourists seeking treatment in Malaysia, especially with Budget 2016 introducing incentives like the e-visa by mid- 2016.1 Ms. Chin continued, ?With the strong branding that Mahkota has already established amongst foreign patients, we aim to leverage this strength to increase our medical tourism receipts.? |
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jessliew
Senior |
11-Feb-2016 17:09
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No buyer buy 0.315.. Closing at red! Haih | ||||
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samudra
Veteran |
11-Feb-2016 16:29
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ha ha seller 0.305 at 50 lots |
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samudra
Veteran |
11-Feb-2016 12:28
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no seller at 0.305..... seller asking for 0.315 |
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jessliew
Senior |
11-Feb-2016 00:05
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Hope tomorrow keep stable 💪 🏻
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Secret_Squirrel
Elite |
10-Feb-2016 22:30
Yells: "Stay curious but skeptical" |
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Price very stable. No up no down
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samudra
Veteran |
10-Feb-2016 20:47
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No seller at 0.30. Ended at 0.31 cents |
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jessliew
Senior |
10-Feb-2016 01:30
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U.S market Monday and Tuesday also drop like hell and today japan Nikkei also biggest drop, I think tmr Asian market all in red n especially SG, so Hmi.... Don't think can stand strong at current price.. | ||||
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samudra
Veteran |
09-Feb-2016 22:17
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If you going to invest, invest in a wonderful company with a great business. This is the words of Warren Buffet. One example he gave was Raffles medical which is worth more than $4.00. HMI is similar as it is a health care company with a great business. |
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samudra
Veteran |
09-Feb-2016 17:59
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Join the best or you regret with the rest | ||||
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jessliew
Senior |
07-Feb-2016 23:30
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Merge with? Who buy over?
Thomson medical 400millions, but Hmi just 200millions 🙃
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samudra
Veteran |
07-Feb-2016 18:55
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agreed with you that HMI did not pay dividens for a long long time. They were a small trainning school for nurses many many years ago . Those who bought a few years ago, they are making good money and many of them bought at high volume. Total ca[italisation now is about 200 million dollars and are target for merger or buy over. peter Lim bought Thomson medical for more than 400 million dollars. The major owners are stingy |
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jessliew
Senior |
07-Feb-2016 15:26
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Even is profitable company but So many years Hmi didn't pay out dividend...Compare other healthcare company eg: raffles medical , Q&M also have dividend and the price also keep up... | ||||
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samudra
Veteran |
06-Feb-2016 17:54
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another person is kaka singh who is the patron, advisor and exceutive of Dyslexia Association of Singapore . He hold a few million shares of HMI too |
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jessliew
Senior |
06-Feb-2016 14:14
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Thank you your information
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samudra
Veteran |
06-Feb-2016 08:22
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Even the founder of BP and chairman of Bp health care group of companies Dato Beh Chun Chuan can put in more than 10 millions shares of HMI, surely HMI should be a counter worthy to keep in long term. |
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samudra
Veteran |
06-Feb-2016 00:26
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Even Mr Beh Chun Chuan who is with BO healthcare group own more than 10 million plus shares in HMI. |
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Secret_Squirrel
Elite |
05-Feb-2016 23:24
Yells: "Stay curious but skeptical" |
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I thik he got it from the annual report, normally the last few page of the annual report
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jessliew
Senior |
05-Feb-2016 17:35
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How u get all this information? Then u know what's the next target price of Hmi??
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samudra
Veteran |
05-Feb-2016 16:28
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46 shareholders hold 484,427,369 shares making a total of 83.95 percent of share issued ( these i call super big boys). The next group got 1230 sharesholders holding 84,942,826 shares making them 14.72 %. These 2 group combined is 98.67 percent. Therefore the balance of 1.33 percent consist of 7,701,091 shares (2964 shareholders). From past records show the 20 top largest shareholders have been increasing their share holdings from year 2013 to 2015. |
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