This article first appeared in The Edge Malaysia Weekly on February 9, 2026 - February 15, 2026SUNWAY Bhd (KL:SUNWAY) is contemplating a valuation of some RM16 billion for its healthcare arm Sunway Healthcare Holdings Bhd (SHH), ahead of its impending listing on Bursa Malaysia, sources say. Meanwhile, Sunway Group could raise up to RM730 million, and Greenwood Capital up to RM129 million from the offer for sale. A number of market observers deem SHH’s valuations to be lofty, especially as other Bursa-listed healthcare providers are trading at far lower valuations. IHH Healthcare Bhd (KL:IHH) for instance, is trading at 34.75 times forward PER, and KPJ Healthcare Bhd (KL:KPJ) at 32.12 times (see table). Moreover, the Bursa Malaysia Healthcare Index was the worst-performing index in 2025.

Source: The Edge Markets February 16, 2026 07:02 UTC