MAXHEALTH

🌍 New Opportunities

📈 Strong Sector Momentum Hospital stocks (including Max) are: Outperforming broader market Benefiting from steady demand + pricing power Healthcare seen as a defensive sector during volatility 🧾 Financial & Business Performance Profit growth remains strong (double-digit YoY) Operational metrics: High occupancy Strong ARPOB (average revenue per occupied bed) However, stock price hasn’t matched earnings growth 🏗️ Capacity Expansion Updates Rapid increase in bed count: ~3,500 beds → ~6,500+ beds now Focus on: Brownfield expansion (existing hospitals) for faster returns Select new hospitals in high-demand areas 🌍 New Opportunities Increasing focus on: Medical tourism International expansion opportunities (including Middle East) Government push toward medical tourism is a tailwind 📊 Valuation & Brokerage View Some global brokerages: Maintain BUY rating See ~30–35% upside potential But: Stock trades at premium valuation (high P/E vs peers)