Profitable: Sunway’s healthcare division, namely Sunway Medical, reported a pre-tax profit of RM37.65mil in financial year 2016.
Sunway Group’s healthcare division, which is slated for a listing in two years, should carry a value of at least RM1.5bil when it goes public.
This is based on back-of-the-envelope calculations by ascribing a price to earnings multiple enjoyed by healthcare listings on Bursa Malaysia to this unit.
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