CONSENSUS VIEW: BUY
the country’s biggest private hospital group, has seen its share price increase 49% over the past 12 months, giving the group a market capitalisation of R101bn. Of the eight analysts polled by INET BFA, four rated it a buy, two a hold and two a sell.
The group, with operations in Southern Africa, Switzerland and the Middle East, earmarked R3.5bn for capital projects and equipment in the 2015 financial year, including plans to add 206 beds in SA and 24 in Switzerland. In April, it announced that it will build a new general hospital in Dubai at a cost of nearly R2.3bn. The hospital, with at least 150 beds and six operating theatres, is expected to be finished at the end of 2018. On May 13, Mediclinic said that it expects earnings per share for the year to end March to be 20% to 25% higher than the previous year.
Jun ’ 14