Stock Idea China’s internet healthcare market is growing ra | FSMOne SG - Research Highlights

Stock Idea

China’s internet healthcare market is growing rapidly. Don’t miss out on investing in this stock

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• Ping An Good Doctor, is the largest online healthcare platform in terms of user scale and coverage.

• Leveraging on its network, Ping An Good Doctor is able to maximise cross-selling opportunities and build a one-stop healthcare ecosystem for its users.

• Internet healthcare services are pivotal to alleviating the current shortcomings of China’s healthcare system, such as long waiting times and poor patient experience.

• The recent changes to reimbursement policies in China are highly supportive of Ping An Good Doctor’s future growth.

• Our 2023 target price for Ping An Good Doctor is HKD 154, based on a fair PS multiple of 10.0X. This translates to a huge upside potential of 79% based on the last closing price of HKD 85.90 on 7 July 2021.

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: Ping An Good Doctor (HKEX: 1833)