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  #1  
Old 4th August 2010, 08:45 PM
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Default Hospitals & Medical Services



Sector is a niche play providing a big opportunity for investors.

The growth rate for the sector was 16% CAGR for the past 5 years & is expected to continue for the next few years.

Major triggers are

1.Increasing population (mostly middle class) with increased life expectancy, number of older people (above 60) is expected to triple by 2025.

2.Huge gap in supply and demand, number of beds per 100,000 people is only 175 (urban).

For rural, the ratio is a dismal 10 beds per 100,000.

3.Rise in medical tourism (market is expected to grow to US$ 2 billion by 2012).

A look at some stocks now:

1.Hospitals:

a.Apollo Hospitals
b.Fortis Healthcare
c.Indraprastha Medical
d.Kovai Medical Center & Hospital
e.Dr. Agarwal's Eye Hospital
f. Max India

2.Medical Equipment:

a.Opto Circuits.
b.Poly Medicure.
c.Span Diagnostics.

3.Wellness:

a.Zydus Wellness (Sugar Free brand)
b.Talwalkars

Disclosure:I own shares in Apollo Hospital, Kovai Medical, Dr Agarwal's Eye Hospital, Max India, Opto Circuits, Poly Med & Zydus Wellness.
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  #2  
Old 4th August 2010, 10:31 PM
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Kris, are you comfortable with the valuation (P/E) of Zydus Wellness?

I have a little of Indraprastha but it seems a bit on the sleepy side (as a stock).
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Old 4th August 2010, 11:50 PM
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@Vasa

Zydus I had purchased at 160.

At current prices it is on the very expensive side, just six months ago it was 280 and now 550.

June quarter's results too were disappointing, but it is very tough to take a call on a single quarter's performance.

In my opinion the company can grow top-line at 40 % & bottom-line at 30 % over the next 3 years.

For fresh purchases, a significant correction (25-30%) should provide a decent entry.

Indraprastha is a value play (dividend) and hasn't been able to cross 60/65 range on the upside. You could switch to Apollo Hospitals for a little more excitement.
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Old 10th August 2010, 12:07 AM
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Default India's Hospital Chains Eye Overseas Expansion

India's hospital chains eye overseas expansion:

http://www.moneycontrol.com/news/bus...on_476478.html
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Old 11th July 2017, 12:47 PM
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I am wondering what is wrong with this sector.

Most of the Hospitals and Medical Services have given almost negative returns in last one year.

I understand the problem of Pharma sector as they are mostly dependent on exports to US and its not going well due to non-compliance of FDA regulations.

However, the Hospitals like Fortis/Narayana/Apollo/Max all are not shown the movements like other sector stocks.

Even some healthcare services like diagnostic companies are also lagging like Dr. Lal PathLabs.

Looking attractive to me at current levels but if the downward trend is going to be long, then I might have to wait long for a profitable exit.

Forum Members, Please share your views and suggest some potential stocks in this sector for quick money..

Edit: Just checked the first post in this thread by Kris, almost all companies has give negative returns (even some -25% and so) in last one year.

Last edited by rakeshranjan.scs : 11th July 2017 at 12:56 PM.
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  #6  
Old 11th July 2017, 01:03 PM
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Quote:
Originally Posted by rakeshranjan.scs View Post
I am wondering what is wrong with this sector.

Most of the Hospitals and Medical Services have given almost negative returns in last one year.

I understand the problem of Phrama sector as they are mostly dependent on exports to US and its not going well due to non-compliance of FDA regulations.

However, the Hospitals like Fortis/Narayana/Apollo/Max all are not shown the movements like other sector stocks.

Even some healthcare services like diagnostic companies are also lagging like Dr. Lal Path Labs.

Looking attractive to me at current levels but if the downward trend is going to be long, then I might have to wait long for a profitable exit.

Forum Members, Please share your views and suggest some potential stocks in this sector for quick money..

Edit: Just checked the first post in this thread by Kris, almost all companies has give negative returns (even some -25% and so) in last one year.
They are soon going to be disrupted by AI and Tech. This doesn't mean that it will vanish, its just that there will be pressure on their margins / profitability. Pharma would be better bet than these service providers.

Just to add my thought, how it will get impacted:
1) The AI / Tech will bring a lot of focus on prevention and hence, these service providers' customer growth will get impacted.
2) Again, the high stress and long duration jobs create more patients for them. These jobs are under threat and the above impact will find another reason here.
3) Healthcare cost has been rising at double digits for last many years and the prices are already reflecting those. The same pace going forward in the near future seems difficult due to whole IT sector issue.

Last edited by nitinku5021a : 11th July 2017 at 01:10 PM.
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