[ad_1]
From: Iman Ghaly
Doha: The Qatar National Bank (QNB) announced that it had begun to cover the Qatar Medical Group, whose shares were recommended on the Qatar Stock Exchange, with a recommendation of neutrality and setting a price target of 8, 24 riyals, according to a research note published Tuesday.
Medical care will be one of the largest beneficiaries of several hospital beds in Qatar by 2033, a 50% increase, thanks to its strong balance sheet and abundant liquidity.
He stressed that medical care should benefit from the complete re-projection of the national insurance plan in Qatar, which has contributed to the increase in profits and revenues of the company during the period from 2013 to 2015.
NBK's forecast was based on the expected benefits of the national health insurance system, which is expected to be operational by the end of 2020. The stock is expected to remain volatile.
It should be mentioned that medical care was set up in 1996 for the construction of a hospital with a capacity of 250 beds and the provision of 5-star health services, owned by Al Ahli Hospital in Qatar , opened in 2004, with a market share of 55% among Qatar hospitals.
The first half of 2019 was characterized by a net cash flow of 4 million riyals, with fixed operating holdings of 130 million riyals in 2018 and 131.2 million riyals. Real in 2017.
The research note revealed that medical care enjoyed a strong fiscal position of 4.3% in 2017 and reached 6.3% last year, with a profit forecast of 3.9% and 4.3%, respectively.
QNB expects the number of hospital beds in Qatar to reach 5,700 in 2033, compared to 3,800 in 2018, according to the 2013 Master Plan for Health Facilities in Qatar. to 2033.
Earnings for medical care increased 5.31% to $ 13.48 million in the second quarter of this year, and the company reported a profit of $ 33.84 million in the first half of 2019, representing annual growth of 1.77%.
The sponsoring shares closed down 0.91% to 7.64 QR, with a market value of 1.29 million QR spread over 170.46,000 shares.
Appointments ..
Transformational stock at the lowest price since listing with the MSCI revision"
Qatar's trade surplus drops 22% in July
Ooredoo Qatar makes a statement on the transfer of its stake in Oman Telecommunications"
Qatar Petroleum signs two agreements with French group Total
Qatar's foreign debt investments reach 32-month high
Infographic: $ 24.7 billion in remittances in the Gulf in the first quarter
The number of passengers on public transport in Qatar has increased by 40% in two years
[ad_2]
Source link
