Shares of Siloam Hospitals (SILO), considered the largest in private sector, opened slightly higher by 0.7% to Rp2,730 this morning even when the company, controlled by Riady Family’s Lippo Group, reported uncharacteristic 37.6% fall of net profit in the first half of 2024. Mayapada Hospital, meanwhile, currently has market value slightly below Siloam, but more than 14 times equity. Siloam and Mayapada are hospitals controlled by two politically-wired business families in the country.To subscribe please click here
