Daily BriefsEquity Bottom-Up

Daily Brief Equity Bottom-Up: Prodia (PRDA IJ) – A Standout in Diagnostics and more

In today’s briefing:

  • Prodia (PRDA IJ) – A Standout in Diagnostics
  • Bloomberry Resorts Corp: 3Q22 Revenue Surge Reinforces Our Strong Buy Guidance

Prodia (PRDA IJ) – A Standout in Diagnostics

By Angus Mackintosh

  • Prodia (PRDA IJ) is a stand out amongst Indonesia’s healthcare players given it is the only company in Indonesia with accreditation from the College of American Pathologists. 
  • 3Q2022 reflected a normalisation of the testing business towards routine testing but at higher levels, and with a greater variety of tests with more advanced levels of digitalisation. 
  • Prodia (PRDA IJ) stands out in terms of its strong market positioning and track record together with attractive valuations, especially versus Indian peers in the diagnostic space.

Bloomberry Resorts Corp: 3Q22 Revenue Surge Reinforces Our Strong Buy Guidance

By Howard J Klein

  • While Macau remains hostage to Beijing’s zero tolerance covid policy, Philippine gaming has taken the lead in ASEAN recovery ramp.
  • The Soliare property at manila has outperformed expectations on the basis of pent up demand beginning to show in domestic player revenue. 
  • CEO Razon has confirmed continuing expansion plans at Cebu and Emerald Bay to be completed before the end of 2023. Both will be accretive to group EBITDA.

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