KPJ Healthcare Berhad

Company Name	:	KPJ HEALTHCARE BERHAD
Stock Name	:	KPJ
Date Announced	:	29/11/2011

Financial Year End	:	31/12/2011
Quarter	:	3
Quarterly report for the financial period ended	:	30/09/2011
The figures	:	have not been audited

Converted attachment :

Please attach the full Quarterly Report here:

Currency	:	Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION

30/09/2011

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2011	30/09/2010	30/09/2011	30/09/2010
		$$'000	$$'000	$$'000	$$'000
1	Revenue	476,025	436,484	1,384,671	1,222,768
2	Profit/(loss) before tax	47,903	43,111	134,681	122,457
3	Profit/(loss) for the period	36,753	33,259	102,129	93,098
4	Profit/(loss) attributable to ordinary equity holders of the parent	34,494	30,229	92,164	86,639
5	Basic earnings/(loss) per share (Subunit)	5.66	5.65	16.89	16.20
6	Proposed/Declared dividend per share (Subunit)	2.50	3.25	9.90	6.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.6400		1.5400

Remarks : Market Watch Recent Financial Results Announcement Date Financial Yr. End Qtr Period End Revenue RM '000 Profit/Lost RM'000 EPS Amended 29-Nov-11 31-Dec-11 3 30-Sep-11 476,025 36,753 5.66 - 19-Aug-11 31-Dec-11 2 30-Jun-11 470,898 34,061 5.70 - 20-May-11 31-Dec-11 1 31-Mar-11 437,748 31,315 5.09 - 01-Mar-11 31-Dec-10 4 31-Dec-10 433,434 34,420 5.56 - ttm-EPS  22.01 sen Price  RM 4.18 Trailing PE  19x Share Price Performance    High Low Prices 1 Month 4.280   (21-Nov-11) 4.010   (10-Nov-11) Prices 3 Months 4.440   (02-Sep-11) 3.760   (26-Sep-11) Prices 12 Months 4.720   (22-Jun-11) 3.670   (20-Dec-10) Volume 12 Months 44,868   (08-Aug-11) 70   (28-Nov-11) 23.11.2011 Price RM 4.190 PE 18.52x DY 3.2% Market cap RM 2433.9m 9 months ending 30.9.2011 Income statement Revenue  1,384.671m Gross profit  416.378m Profit from operations 133.118m Profit from ordinary activities before zakat and tax  134.681m Profit after zakat and tax  102.129m Finance cost  (15.285m) Share of results of associated companies  16.848m Zakat (0.952m) Income tax expense (31.600m) EPS Basic  16.89 sen Diluted  15.02 sen Dividend DPS  9.90 sen Balance Sheet NCA  1,070.637m CA  656.696m TOTAL ASSETS  1,727.333m TOTAL EQUITY  950.333m NCL  338.723m CL 438.277m TOTAL LIABILITIES  777.000 TOTAL EQUITY AND LIABILITIES  1,727.333m Net assets per share attributable to ordinary equity holders of the parent  RM 1.64 Inventories  44.348m Receivables, deposits and prepayments  295.118m Payables  243.929m Deposit, cash and bank balances  219.446m LT Borrowings  283.865m ST Borrowings  122.653m Total equity attributable to shareholders of company  845.627m Minority interest   104.706m Cash flow statement Profit for the financial year attributable to equity holders of the Company  92.164m Operating profit before changes in working capital  184.571 Cash from operations after changes in working capital  125.851m Net cash from operating activities  90.094m Net cash used in investing activities  (63.760m) Net cash used in financing activities  (4.006m) PPE  depreciation  52.558m Purchase of PPE  (70.820m) Proceeds from disposal of PPE  40.040m Additional investment in subsidiary and associates company (32.980m) Issuance of shares - exercise of share warrants  31.933m Dividend paid to shareholders 30.09.2011   (48.784m) 30.09.2010  (26.451m) Notes: VALUATIONS OF PROPERTY, PLANT AND EQUIPMENT The freehold land, long leasehold land and buildings were revalued by the Directors on 31 December 2010 based on open market valuations carried out by an independent firm of professional valuers, CH Williams, Talhar & Wong of 3228, Menara Tun Razak, Jalan Raja Laut, 50768 Kuala Lumpur to reflect market value for existing use. The valuations made are in compliance with the Group policy to revalue freehold land, long leasehold land and building once in every 5 years.                     The valuations of property, plant and equipment have been brought forward without amendment from the last audited financial statement for the year ended 31 December 2010. CURRENT YEAR PROSPECTS Based on the positive performance for the current financial period, the Board of Directors is confident that the Group will achieve better performance in comparison to the previous year. SHARES Weighted average number of ordinary shares in issue   545.717m Adjusted weighted average number of ordinary shares in issue and issuable  613.488m

KPJ Healthcare Berhad Company Snapshot
Business Description:
KPJ Healthcare Berhad operates in the Specialty hospitals exc. psychiatric sector. KPJ Healthcare Berhad is engaged in investment holding and provision of management services to subsidiary companies. The Company operates specialist hospitals. Its support services consist of provision of management services and pathology and laboratory services, marketing and distribution of pharmaceutical, medical and surgical products and operating a private nursing college. As of December 31, 2010, it operated more than 20 hospitals in Malaysia and two in Indonesia. During the year ended December 31, 2010, two new hospitals, namely Rumah Sakit Bumi Serpong Damai in Jakarta, Indonesia and the KPJ Tawakkal Specialist Hospital in Kuala Lumpur commenced operations. On June 25, 2010, it acquired 51% interest in Sabah Medical Centre (SMC). On September 23, 2010, it completed the acquisition of a 51% interest in Jeta Gardens Waterford Trust (JGWT). On January 18, 2011, it acquired Sibu Medical Centre Corporation Sdn Bhd (SMCC) and Sibu geriatric Health & nursing Centre Sdn Bhd (SgHnC).


Stock Data: Recent Stock Performance:

Current Price (11/25/2011): 4.18
(Figures in Malaysian Ringgits)
1 Week -1.9% 13 Weeks -1.2%

4 Weeks -3.5% 52 Weeks 12.1%

Market Cap: 2,370,018,200
Shares Outstanding: 566,990,000
Closely Held Shares: 6,105,500

Inflation robs savers, pushing gold and share prices higher

Inflation robs savers, pushing gold and share prices higher
By Ian Cowie
Your Money Last updated: November 16th, 2010

Another month, another missed inflation target for the Bank of England. Readers of a certain age who can remember double digit inflation in the 1970s may be tempted to think that today’s problem is pretty small beer. But the stealthy erosion of the real value of money – its purchasing power – is an insidious enemy of millions of savers.

Some of the most vulnerable are older people. It would take just 16 years – or less time than most people can expect to spend in retirement – for inflation to cut the real value of money in half if it continues to rise at 4.5 per cent; the annual rate of increase in the Retail Prices Index (RPI) during the year to October. Bear in mind that RPI was actually shrinking by 1.4 per cent last year and you can see how sound money is deteriorating.

You can see why the Government proposes to measure inflation by the Consumer Prices Index (CPI), which consistently produces lower figures – including its current annual rate of 3.2 per cent. CPI will produce much lower costs for the Government and employers when they calculate how much pensions should rise in future.

Unfortunately, as far as many pensioners’ daily experience of the rising cost of living is concerned, the CPI might as well be the Chinese Prices Index, as I have pointed out in this space before. It bears little or no resemblance to the bills they must pay because, among other factors, CPI does not include housing or heating costs.

Falling prices for electronic goods such as iPads and iPods may be good news for the young but largely irrelevant to older people who may spend more of their income on food and keeping warm. For example, gas and electricity absorb twice as much of many pensioners’ income than these fuel bills do for younger people, who earn more and spend less time at home, according to calculations by Alliance Trust.

However, for the first time in 30 years, from next April pay rises will be taken into account when the basic state pension is uprated in line with inflation. At present, indexation of pensions is calculated in line with the annual rate of increase in the retail prices index (RPI) in September or 2.5pc; whichever is greater.

In his Emergency Budget, the Chancellor introduced a ‘triple lock’ to index 11m people’s pensions plus State benefits and tax credits received by millions of others. These will rise in line with the bigger of earnings or price inflation or 2.5pc per annum.

Most people welcomed the change because earnings have tended to rise faster than prices in the past – although whether that remains true in ‘austerity Britain’ remains to be seen. Pay cuts are more likely for many than pay rises in the years ahead.

But a less obvious and potentially bigger problem to bear in mind is that next April will be the last time RPI is used to measure price inflation for the indexation of State and company pensions, benefits and tax credits. After that, the CPI will be used. It’s just a pity that in the real world most pensioners will have to buy food and fuel at British prices rather than the knock-down rates available in Kowloon or Shanghai.

Here and now, inflation is the spur that is turning many savers into investors. Supposedly risk-free bank and building society deposits are a waste of time and money when inflation is eroding its purchasing power at six or eight times the gross rate of interest being paid. By contrast, many shares and share-based funds look attractive – despite the absence of any capital guarantee – when the FTSE 100 index is yielding more than 3 per cent net of basic rate tax. No wonder share prices are rising, despite fears about the collapse of the euro and a double dip recession.

For those who require no immediate income but whose priority is the preservation of capital, whatever happens to paper money or fiat currencies, gold continues to shine. When RPI hit 5.3 per cent in May this year, Adrian Ash of the gold dealers Bullion Vault told me: “With the widest gap between RPI and Bank of England base rate since 1977 it is little wonder the gold price in Sterling jumped to a fresh all time high. When cash-in-the-bank pays less than zero, there is no such thing as a risk-free investment.”

Six months later, the slow-motion great bank robbery continues and gold has soared through $1,400 an ounce. Rising numbers of savers and investors are taking the plunge into precious metals and shares – despite fears that current prices look toppy – because, by contrast, inflaton means deposits are merely a slow and certain way to lose money.

http://blogs.telegraph.co.uk/finance/ianmcowie/100008651/inflation-robs-savers-pushing-gold-and-share-prices-higher/

Pensions in UK devastated by low interest rates

Pensions devastated by low interest rates, warns Saga
Record low interest rates and rising inflation are damaging pensions and will push more pensioners into poverty, a leading expert has warned.

Pensions 'decimated' by low interest rates Photo: Getty Images

By Myra Butterworth, Personal Finance Correspondent

5:40PM GMT 15 Nov 2010

Speaking at the Bank of England today, Ros Altmann, director-general of the Saga Group, warned that historically low interest rates could lead to another financial crash that would leave pension pots “decimated”.

She explained poor returns were prompting savers to take greater risks with their pensions as they approached retirement.

Savers have seen their rate of returns hit rock bottom as the Bank of England has maintained interest rates at just 0.5 per cent since March 2009.

Dr Altmann said: “Very low interest rates are having a damaging effect on pensions and pensioners.”

She warned of the dangers of rising inflation if interest rates stay too low for too long.

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“Pension investors and people buying annuities are being hit by low long-term rates and pensioners suffer from low short-term rates as well, as their savings income having fallen and they cannot make that up.

“In addition, they have been hit by high inflation, so they can no longer protect the value of their capital.

“We already see signs of rising inflation and this has damaged pensioners significantly already. Their savings income has not kept up with inflation, most annuities are being purchased without any inflation protection and a continued increase in inflation will plunge more pensioners into poverty in future.”

An ageing population, with less money to spend, could depress consumption and economic growth, she added.

She called on the Government to take action, suggesting it issues special pensioner bonds that help provide additional income to pensioners caught by the loss of their savings income.

She said the Government could also consider inflation-protection products for pensioners, such as reviving the National Savings products that were recently withdrawn.

Two of the most popular state-backed investment products were withdrawn from the market earlier this year amid the Government’s austerity drive.

National Savings & Investments pulled its inflation beating and fixed interest savings certificates and cut rates on other products.

The group feared demand from consumers could place too high a burden on the taxpayer, at a time when the public finances are under unprecedented strain.

Andrew Hagger, a savings expert at personal finance website at Moneynet, said: “There seems to be no light of the tunnel, with many people having already used up a large proportion of their savings. They are going to get to a stage where there is no where else to turn.”

Robert Bullivant, chief executive of pensions broker Annuity Direct, said: “The only saving grace is the performance of the stockmarket and so anyone who has stayed in equities will see a larger fund than they did a year ago. But if they have switched to cash, they have not seen much growth. People now need to switch to cash to lock in the stockmarket gains. If you lose those gains and suffer with low interest rates, it’s a double whammy for pensioners.”

http://www.telegraph.co.uk/finance/personalfinance/8135118/Pensions-decimated-by-low-interest-rates-warns-Saga.html