Main Market
Healthcare
Shariah Compliant
Grade: A
SUNMED
Bursa Ticker: SUNMED | Listing Year: 2026
Offer Price
RM 1.45
Sifu Target Price
RM 1.84 (+26.9%)
Retail Oversubscription
5.6x
Underwriter (IB)
Maybank / AmInvestment
Key Dates & Offering Details
Application Closing
TBA
Listing Date
18-Mar-2026
Target P/E Ratio
64.6x
Total Enlarged Shares
11.50 B
Free Float
35.0%
MITI Special Allocation
Yes (Bumiputera Reserved)
Analyst Commentary & Hunter Insight
🚀 PREMIUM SCALABLE BRAND (GRADE A)
Sunway Healthcare (SUNMED) merekodkan permohonan runcit tertinggi dengan tarikan jenama Sunway yang sangat kuat. Merupakan hospital pertahanan bertaraf mega dengan profil pertumbuhan jangka panjang yang mantap.
📊 Kelebihan Utama:
• Rekod jumlah permohonan runcit tertinggi (hype amat besar).
• Hospital defensif bertaraf mega dengan kualiti aset gred-A.
• Potensi sasaran Fair Value RM1.84 (+26.9% upside).
Sunway Healthcare (SUNMED) merekodkan permohonan runcit tertinggi dengan tarikan jenama Sunway yang sangat kuat. Merupakan hospital pertahanan bertaraf mega dengan profil pertumbuhan jangka panjang yang mantap.
📊 Kelebihan Utama:
• Rekod jumlah permohonan runcit tertinggi (hype amat besar).
• Hospital defensif bertaraf mega dengan kualiti aset gred-A.
• Potensi sasaran Fair Value RM1.84 (+26.9% upside).
Growth Catalysts & Strategic Moats
- Sebab Apply: Cincai-cincai kira sasaran unjurkan RM1.84 (potensi peningkatan +26.9% atau 39 sen untung kasar dari RM1.45).
- Hype Applicant Terbesar: Walaupun harga tawarkan PE agak premium/overvalued, sentimen & hype runcit merekodkan jumlah permohonan awam tertinggi setakat ini.
- Defensive & Expansion Story: Sunway Medical Group adalah rangkaian hospital terkemuka dengan profil pendapatan pertahanan bertaraf mega.
Financial Performance Summary
| Financial Metric | FY23 | FY24 | FY25 | Projected (FY F) |
|---|---|---|---|---|
| Revenue (RM) | 1.46 B | 1.85 B | 1.59 B | 2.36 B |
| Profit After Tax (PAT) | 181.63 M | 257.51 M | 220.00 M | 327.56 M |
| EPS (sen) | 1.58 | 2.24 | 1.91 | +27.0% |
Utilization of Proceeds
Hospital expansion, capital expenditure
Peer Comparison & Valuation Context
Peer Comparison: PE Terbitan (Forward) = 50.93x. Sangat premium berbanding hospital biasa, tetapi disokong oleh kualiti aset gred-A dan rekod pencapaian jenama Sunway.
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