NHF rallied 6.3% on Thursday, dragged higher by bullish sentiment towards MPL and their announced +5.8% premium hike starting in April. NHF delivered a better-than-expected result earlier in the week as Australian Residents Health Insurance (ARHI) margins exceeded expectations. Earnings guidance of $235-$250m was maintained for the full year, aided by an anticipated return to profitability in NZ. They announced an interim dividend of 13c and are forecast to yield 4.3% fully franked over the next year.
- We are now neutral towards NHF following its strong week, preferring MPL in the space, i.e. stay with the strength.
MM is neutral NHF around $6.75
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