Latest news with #RadiumDevelopment
The Star
27-05-2025
- Business
- The Star
Shin Yang moves closer to deal on patrol vessels
Radium Development Bhd managing director Datuk Gary Gan. KUALA LUMPUR: Radium Development Bhd is eyeing further growth in the medium to longer term with its plans to diversify into the provision of private healthcare. The property developer will soon open its 140-bed private hospital in Ayer Keroh, Melaka. The initiative will be spearheaded by Radium Healthcare's chief executive officer Dr Arun Kumar who was part of the team for what was then known as Manipal Hospital Klang before it was acquired and renamed to Bukit Tinggi Medical Centre. Radium Development's hospital will be named Radium Hospital @ Ayer Keroh and it is being designed as a tertiary-level medical facility to address the growing healthcare needs of communities in smaller towns. The site is adjacent to the Melaka International Trade Centre (MITC) which is the state government's administrative centre, less than 4km to the North–South Expressway via the Ayer Keroh Interchange and is about 12km to the Melaka city centre. The property company said its hospital is planned to begin operations in the first half of 2028. The hospital is also the core of Radium Centricity, a proposed 7.11 acre integrated development built around health, wellness and well-being, it said. The development will eventually incorporate residential and commercial components, supporting the hospital with ancillary healthcare businesses and lifestyle conveniences, it added. Radium Hospital @ Ayer Keroh will target both local patients and medical tourists, said Arun. The company said the venture, with an initial estimated capital expenditure of some RM200mil, will be funded via internal funds and borrowings. 'Being an industry veteran, we are confident that under the able leadership of Dr Arun Kumar, Radium Healthcare will be a strong private-hospital group in Malaysia. 'For Radium, this hospital is part of our broader mission for sustainable growth and positive income. We are committed to responsible investment,' Radium Development's group managing director Datuk Gary Gan said at the official unveiling of its plans yesterday. The group also said it will continuously invest in technological upgrades, rigorous safety protocols, and plans to pursue the Malaysian Society for Quality in Health accreditation eventually for the Melaka facility. 'After having built, operated and sold the hospital at Bukit Tinggi, Klang, it then dawned upon me as to what is next. I think there is still ample opportunity for new private hospitals around the country,' Arun said.
The Star
27-05-2025
- Business
- The Star
Property group Radium to diversify into healthcare with Melaka project
Radium Development Bhd managing director Datuk Gary Gan. KUALA LUMPUR: Radium Development Bhd is eyeing further growth in the medium to longer term with its plans to diversify into the provision of private healthcare. The property developer will soon open its 140-bed private hospital in Ayer Keroh, Melaka. The initiative will be spearheaded by Radium Healthcare's chief executive officer Dr Arun Kumar who was part of the team for what was then known as Manipal Hospital Klang before it was acquired and renamed to Bukit Tinggi Medical Centre. Radium Development's hospital will be named Radium Hospital @ Ayer Keroh and it is being designed as a tertiary-level medical facility to address the growing healthcare needs of communities in smaller towns. The site is adjacent to the Melaka International Trade Centre (MITC) which is the state government's administrative centre, less than 4km to the North–South Expressway via the Ayer Keroh Interchange and is about 12km to the Melaka city centre. The property company said its hospital is planned to begin operations in the first half of 2028. The hospital is also the core of Radium Centricity, a proposed 7.11 acre integrated development built around health, wellness and well-being, it said. The development will eventually incorporate residential and commercial components, supporting the hospital with ancillary healthcare businesses and lifestyle conveniences, it added. Radium Hospital @ Ayer Keroh will target both local patients and medical tourists, said Arun. The company said the venture, with an initial estimated capital expenditure of some RM200mil, will be funded via internal funds and borrowings. 'Being an industry veteran, we are confident that under the able leadership of Dr Arun Kumar, Radium Healthcare will be a strong private-hospital group in Malaysia. 'For Radium, this hospital is part of our broader mission for sustainable growth and positive income. We are committed to responsible investment,' Radium Development's group managing director Datuk Gary Gan said at the official unveiling of its plans yesterday. The group also said it will continuously invest in technological upgrades, rigorous safety protocols, and plans to pursue the Malaysian Society for Quality in Health accreditation eventually for the Melaka facility. 'After having built, operated and sold the hospital at Bukit Tinggi, Klang, it then dawned upon me as to what is next. I think there is still ample opportunity for new private hospitals around the country,' Arun said.
Yahoo
09-05-2025
- Business
- Yahoo
Radium Development Berhad's (KLSE:RADIUM) Sluggish Earnings Might Be Just The Beginning Of Its Problems
The subdued market reaction suggests that Radium Development Berhad's (KLSE:RADIUM) recent earnings didn't contain any surprises. We think that investors are worried about some weaknesses underlying the earnings. Our free stock report includes 2 warning signs investors should be aware of before investing in Radium Development Berhad. Read for free now. As finance nerds would already know, the accrual ratio from cashflow is a key measure for assessing how well a company's free cash flow (FCF) matches its profit. The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. The ratio shows us how much a company's profit exceeds its FCF. Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking. Over the twelve months to December 2024, Radium Development Berhad recorded an accrual ratio of 0.28. Therefore, we know that it's free cashflow was significantly lower than its statutory profit, raising questions about how useful that profit figure really is. Over the last year it actually had negative free cash flow of RM129m, in contrast to the aforementioned profit of RM14.1m. Coming off the back of negative free cash flow last year, we imagine some shareholders might wonder if its cash burn of RM129m, this year, indicates high risk. However, that's not all there is to consider. The accrual ratio is reflecting the impact of unusual items on statutory profit, at least in part. View our latest analysis for Radium Development Berhad Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Radium Development Berhad. The fact that the company had unusual items boosting profit by RM4.2m, in the last year, probably goes some way to explain why its accrual ratio was so weak. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. And that's as you'd expect, given these boosts are described as 'unusual'. If Radium Development Berhad doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year. Radium Development Berhad had a weak accrual ratio, but its profit did receive a boost from unusual items. Considering all this we'd argue Radium Development Berhad's profits probably give an overly generous impression of its sustainable level of profitability. If you want to do dive deeper into Radium Development Berhad, you'd also look into what risks it is currently facing. Every company has risks, and we've spotted 2 warning signs for Radium Development Berhad you should know about. Our examination of Radium Development Berhad has focussed on certain factors that can make its earnings look better than they are. And, on that basis, we are somewhat skeptical. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
