Its two hospitals will open within the next two years, and it is expected that they will soon be profitable. Sunway $SUNWAY(5211.MY)$Its Sunway Medical Group may be spun off and listed as early as 2026!
According to Galaxy International Securities's latest report, 2026 is the best time for Sunway Healthcare to go public.
“Because the group's two new hospitals, Sunway Damansara Hospital (Sunway Damansara) and Sunway Ipoh Hospital, will open in the last quarter of 2024 and the first quarter of 2025, respectively, and contribute to the profit for the 2026 fiscal year (December end).”
Can incentivize Sunway's stock price
Analysts further believe that the spin-off and listing of its medical group will be a big benefit for the parent company Sunway. It is expected to repeat the history of stronger stock prices after announcing the spin-off and listing of SUNCON Construction (SUNCON, 5263, Main Board Construction) in 2014.
“From September 2014 to April 2015, Sunway's stock price increased 22%.”
Analysts added that the two new hospitals mentioned above have 334 and 258 beds, respectively, and are likely to achieve profit (EBITDA) before interest tax amortization and depreciation (EBITDA) in the 2026 fiscal year.
After the operation of the two new hospitals mentioned above, Sunway Medical Group's total number of hospital beds will increase from 1,158 as of the end of March this year to about 1,700.
Valuation reached 13.5 billion
“Today, we have raised the overall valuation of Sunway Healthcare Group to RM13.5 billion, which is 22 times the corporate price...

Commercial electricity costs fell slightly in the second half of the year. National Energy: No impact on finance
$TENAGA(5347.MY)$ National Energy today ushered in a cost transfer mechanism (ICPT) for the second half of the year. From July 1 to December 31, the peninsula's household electricity rate remained unchanged; the ICPT surcharge for commercial and industrial users was reduced by 1 cent per kilowatt-hour.
The Ministry of Energy and Water Transition (PETRA) recently announced that the government has decided to continue implementing the ICPT from July 1 to December 31 this year.
This is to deal with additional power generation costs due to higher fuel prices between January 1 and June 30 this year.
So far, since the mechanism was introduced in 2015, the government has implemented 20 cycles of ICPT.
According to this, the government will allocate RM2.292 billion as targeted electricity subsidies for the second half of the year.
Despite this, National Energy said it will not have any impact on its business operations and finances.
It is worth noting that Guoneng's stock price in the first half of the year was driven by fanatical data center themes, and reached a 52-week high of RM14.28 on June 18.
Last week, China was affected by market arbitrage and pulled back slightly, but on the first trading day of the second half of the year, it seemed to regain upward momentum.
Source: Nanyang Siang Pao
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$Intuitive Machines(LUNR.US)$ High volume today; yes, short sellers, and those who were waiting to get out of their positions after days of no bouncing were the main players today but this continues to be so oversold. With 3 months or 7 weeks of selling I have to see how it performs next week...today's PA probably scared many away from this but also short covering could take place and attract attention imo.

New shares opened the day before yesterday $MAXIM(4022.MY)$ The floating profit surpassed 5%, so it was made public