Top picks in China Healthcare Services
Healthcare
Hygeia (6078 HK): As China continues to implement the DRG payment model, hospitals with low operational efficiency will be eliminated. This bodes well for Hygeia, as it continues to grow its bargaining power with drug suppliers will only strengthen.
Gushengtang (2273 HK): FY22 revenue grew 18.4% and net income was up 28.1%. In 2023, the company will continue its expansion through self-built establishments and acquisitions. It is expected to add 10 new clinics in 2023.
Sinocare (300298 CH): According to Horizon Insights latest industry surveys, the CGM industry grew c.20-30% (Jan-May) with the annual growth rate expected to reach c.40%. Since introducing new CGM products, Sinocare ranks No.1 in sales on major e-commerce platforms.
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- 23 June, 2023