This article first appeared in The Edge Malaysia Weekly on March 9, 2026 – March 15, 2026

KPJ Healthcare Bhd’s (KL:KPJ) stock hit a record high of RM3.28 in intraday trading on Wednesday (March 4), which saw the company’s market capitalisation test the RM14.5 billion mark for the first time since it was listed on Bursa Malaysia in November 1994.

From mid-January this year, KPJ’s share price has gained about 23%, thanks to renewed interest in the country’s largest private healthcare group by capacity.

One catalyst for the rising share price was the company’s financial results for the year ended Dec 31, 2025 (FY2025), released at end-February. KPJ made a net profit of RM365.93 million on revenue of RM4.26 billion. In FY2024, it…