RHBInvest: RHB keeps 'overweight' on healthcare sector, KPJ Healthcare remains its top pick

RHB Investment Bank Bhd named KPJ Healthcare Bhd as its top pick in the healthcare sector due to its robust patient growth trajectory, lower impact from nurses' shortages, and successful disposal of its loss-making Indonesian unit in the first quarter of 2023 (1Q2023). The research house remains upbeat on the outlook of healthcare service providers, and believes that KPJ's greater domestic focus offers better earnings visibility, it said in a note on Tuesday (March 7).