Healthcare sector rerating likely on big-ticket IPOs

TheStar Wed, Jan 14, 2026 12:00am - 1 month View Original


HLIB Research expects the reratings materialising through valuation benchmarking, capital flow and narrative and perception shift.

PETALING JAYA: The initial public offering (IPO)-led rerating of the local healthcare sector could extend beyond hospitals in 2026, with the potential listings of several mega-healthcare groups in 2026, says Hong Leong Investment Bank (HLIB) Research.

Based on media reports, Sunway Healthcare Holdings Bhd is targeted for listing by March 26, and Asia OneHealthcare (formerly Columbia Asia Healthcare) is also planning an IPO before end-2026.

Both valuations are reported to be at least RM16bil in market capitalisation.

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