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Friday, December 23, 2016       09:08 WIB
Premier Insight: MIKA has allocated capex of Rp500bn in 2017

MIKA: Mitra Keluarga (MIKA IJ; Rp2,540; Buy) has allocated capex of Rp500bn in 2017 which will be utilized to build 2 more hospitals. In the long run, MIKA plans to operate 18 hospitals in Indonesia. The occupancy rate in each hospital is around 60% while the patient volume has increased by 17% from 1,825 hospital beds. (Kontan)

Comment: Given the low availability of hospital beds and shortage of physicians in Indonesia, we view the healthcare sector still holds a lot of growth potential. Maintain BUY on MIKA.



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