$4009 #Middle East Healthcare Co CJSC Ford Equity International Rating and...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven...
View Article$4009 #Middle East Healthcare Co CJSC MEAHCO: Inpatient segment supports...
Saudi German reported a net income of SAR16.4mn in Q2 20, in-line with our estimates of SAR16.5mn. Earnings increased 33.1% yoy, but declined 22.8% qoq. The yoy growth is primarily driven by an...
View Article$4009 #Middle East Healthcare Co CJSC Middle East Healthcare Co: Expansions...
We remain Neutral on Middle East Healthcare Company, the operator of Saudi German Hospital (SGH), with a PT of SAR39.8. The COVID-19 impact was significantly lower than our initial assessment, with...
View Article$4009 #Middle East Healthcare Co CJSC Saudi German Hospital: Higher losses at...
Saudi German reported a weak set of Q4 20 results, with a net income of SAR29mn, down -23.9% yoy (-18.3% qoq). This compares to the NCBC and consensus estimates of SAR38mn. We believe the variance can...
View Article$4009 #Middle East Healthcare Co CJSC Saudi German Hospital: Continued losses...
Saudi German reported a weak set of Q1 21 results, as net income declined 42.9% yoy (-57.6% qoq) to SAR12mn. This compares with the NCBC and consensus estimates of SAR17mn and SAR21mn, respectively....
View Article$4009 #Middle East Healthcare Co CJSC Saudi German Hospital: Higher operating...
Saudi German reported a net profit of SAR14mn for Q3 21, down 58.9% yoy (+57.0% qoq). This is significantly below the SNB Capital and consensus estimates of SAR36mn and SAR33mn, respectively. Revenues...
View Article$4009 #Middle East Healthcare Co CJSC Saudi German Hospital: Q1 22 earnings...
| REVENUES * In Q1 22, revenues grew 22.7% yoy to SAR513mn. The growth was due to revised prices with key customers, recovery in patients’ visits – both inpatients and outpatients. * Inpatients...
View Article$4009 #Middle East Healthcare Co CJSC ... Saudi Healthcare Sector |...
We remain positive on the Saudi healthcare sector driven by the Healthcare Transformation Program (HSTP). The establishment of the Healthcare Holding Company (HHC) and National Health Insurance Company...
View Article$4009 #Middle East Healthcare Co CJSC Saudi German Hospital: Earnings miss...
Saudi German reported a weak set of results. Although net income increased by 14.1% yoy (-49.1% qoq) to SAR10mn, but it was lower than SNB Capital and consensus estimates of SAR22m and SAR16mn,...
View Article$4009 #Middle East Healthcare Co CJSC Saudi German Hospital: Q3 22 Results...
Saudi German reported lower than expected net income which declined 22.6% yoy (+6.5% qoq) to SAR11mn. This was lower than SNB and consensus estimates of SAR13m. We believe the variation was largely due...
View Article$4009 #Middle East Healthcare Co CJSC Saudi German Hospital: Q4 22 Result...
Saudi German reported a strong set of results with a net income of SAR33mn in Q4 22 against a loss of SAR18mn in Q4 21 (+198.5% qoq). This is higher than the SNB capital and consensus estimates of...
View Article$4009 #Middle East Healthcare Co CJSC ... Saudi Healthcare Sector update:...
We maintain our long-term positive outlook on the Saudi Healthcare sector. The introduction of NHIC is a key catalyst for the sector which is expected to 1) increase the insurance penetration by 3x and...
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