PETALING JAYA: KPJ Healthcare Bhd
is expected to see a recovery of 50% to 60% in occupancy rates at its Malaysian hospitals by the second half of the year, said CGS-CIMB.
The research house expected total occupancy rates of about 52% for the financial year ending Dec 31,2020 (FY20), which is a slight dip from FY19’s occupancy rate of 67%.
“With the easing of the movement control order (MCO) in Malaysia, we expect KPJ’s occupancy rates to gradually recover from its troughs in the second quarter of FY20 on pent-up demand.
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