Mayapada Hospital Expansion to Drive Future Growth

Strategic Expansion Plans

PT Sejahteraraya Anugrahjaya Tbk (SRAJ), the operator of Mayapada Hospitals, is undertaking a significant expansion with the development of Tower 4 at Mayapada Hospital Tangerang. This strategic move is expected to strengthen the company's business capacity and positioning in the long term ¹

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Financial Impact Timeline

Analysts from KISI Sekuritas and Kiwoom Sekuritas Indonesia have provided insights into the potential financial impact of this expansion. Muhammad Wafi from KISI Sekuritas notes that the contribution of Tower 4 to SRAJ's revenue will be optimal in 2026, after the construction is completed and operations are fully functional ¹

. For 2025, the company's performance is expected to be driven by existing units, with growth anticipated due to increased bed occupancy rates (BOR) at the new tower located in a satellite area with significant market potential ¹

Source 1

https://investasi.kontan.co.id/news/ekspansi-mayapada-sraj-jadi-katalis-tengok-rekomendasi-sahamnya

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Current Financial Performance

Despite the long-term positive outlook, SRAJ is currently recording losses. According to Abdul Azis Setyo Wibowo from Kiwoom Sekuritas Indonesia, the losses are primarily due to increased employee expenses associated with the expansion. This situation is considered normal during the initial phase of developing new facilities ²

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Analyst Perspectives

Analysts maintain that while the current financial performance is under pressure, the expansion is expected to yield positive results in the long run. The increased capacity and potential for higher revenue are seen as strategic investments for future growth. "In the long term, this expansion will be positive as it has the potential to increase top-line revenue," says Azis ²

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