KUALA LUMPUR (Dec 22): Shares of KPJ Healthcare Bhd, Faber Group Bhd and Pharmaniaga Holdings Bhd rose on Tuesday after RHB Research said it expected healthcare players to benefit from demand fuelled by favourable demographics, synergies and medical tourism in 2015.

At 11.08am, KPJ rose 0.81% or 3 sen to RM3.72, Faber was up 0.74% or 2 sen to RM2.72 while Pharmaniaga added 0.68% or 3 sen to RM4,45.

In a note Monday, the research house maintained its "neutral" recommendation on the sector due to limited short-term catalysts and unattractive valuations.

Nonetheless, “We expect demand in 2015 to be driven by favourable domestic demographics such as an increasingly affluent population, rising health awareness and an ageing population.

“We like KPJ Healthcare and Faber Group for their higher estimated ROEs, cheaper valuations and solid dividend payouts,” it said.