MIKA - To open two new hospitals in 2025

MIKA - To open two new hospitals in 2025 Mitra Keluarga Karyasehat (MIKA) is executing an ambitious expansion plan in 2025, targeting double-digit growth through the opening of two new hospitals with a combined capacity of up to 110 beds and a capital expenditure of IDR800 bn to IDR1 tn. The new facilities, including a premium hospital in BSD City, will feature advanced medical technologies and stem cell therapy in partnership with Regeneric. Additionally, MIKA is expanding into the veterinary sector with MediVet, aiming to launch its first pet hospital equipped with CT and MRI by year-end. Despite potential industry risks, the company is projected to maintain strong financial performance and remains undervalued, presenting growth opportunities supported by its solid brand and stable financials. Note that, MIKA recorded a 25.1% yoy net profit growth at IDR1.14 tn in FY24 as its revenue grew 14.3% yoy to IDR4.87 tn. (Source : Kontan)