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OSK Research maintains 'Buy' call for KPJ Healthcare

Malaysian Reserve


OSK Research maintains Buy’ call for KPJ Healthcare OSK Research Sdn Bhd has maintained its Buy’ recommendation on KPJ Healthcare Bhd with a target price of RM4.16. The research firm reiterated the view that KPJ Healthcare is an excellent choice for long term investment and portfolio balancing, offering growth potential in a defensive sector, it said in a research note last Friday On KPJ’s first-quarter result, OSK Research viewed the result as within expectations. KPJ Healthcare posted a higher pretax profit of RM41.55 million for the first-quarter ended March 31, 2011, compared to RM38.04 million in the previous corresponding period. Revenue climbed to RM437.75 million from RM376.05 million previously -Bernarna