ISEC Healthcare: eye care across Southeast Asia

listed in 2014 Isaac Healthcare is an internationally accredited provider of Medical Eye Care Services it provides a full range of specialty services ranging from cataract lasic to complex Coral transplantation surgeries more than tripling his net profit from 2020 to 2023 by top 13.2 million Isaac's asset like business model has proven be sustainable we are growing stady in Singapore and I think healthcare Market in Singapore is still very exciting because Singapore is known for a referal center and so a lot of our patients not only they come from a neighboring country nowadays we can see patient from Middle East and some new emerging market like Vietnam and Cambodia accounting for 79.9% of his FY 23 Revenue Isaac is well IED to capitalize on Malaysia's population size of about 34 million we have plans to open at least four more new centers outside of clang Valley clang Valley is probably the most popular urban area in in Malaysia and these are in smaller secondary cities in Malaysia mainly in the western part of Malaysia our main Flagship which is in qualum all right currently we are based in Mid Valley City and there we have about 15 eye doctors in under in our group practicing and that accounts for at least half the revenue in Malaysia and we are almost bursting the seams now all right because this is the original Center where we are where we we started and so that's why we need to move to a bigger center right while the other Revenue contributor was Singapore at 17.2% they have exciting plans for Southeast Asia as well especially in Indo China well southeast Asia is exciting because if you look at combined population Southeast Asia it is as big as about half a billion people so it is half the size of China all right and I think southeast Asia is now catching up in terms of G affluence especially in the indo-chinese market the Aging demographics in Singapore and Southeast Asia will increase demand for high quality Healthcare Services about 63.6% of people between the ages of 60 and 64 years old and 94.6% of people 75 years and older will be affected by cataracts using its Singapore and Malaysia franchise as a springboard it scalable business model has allowed Isaac to explore rolling out expansion plans to emerging markets in the coming years