In today’s briefing:
- Amvis Holdings (7071) – Large-Ish Offering, Large-Ish TOPIX Inclusion
- HCG: Firing On All Cylinders – All Set For FY24 To Be A Defining Year
- Biogen Inc.: Major Drivers
Amvis Holdings (7071) – Large-Ish Offering, Large-Ish TOPIX Inclusion
- On Monday 20 February, nursing home, nursing and disability care services operator Amvis Holdings Inc (7071 JP) announced it would see a Secondary Offering of 10 million shares.
- It also announced that it would move to TSE Prime on 14 March.
- This increases Real World Float by quite a bit – about 40% – but it also leads to an end-April TOPIX Inclusion.
HCG: Firing On All Cylinders – All Set For FY24 To Be A Defining Year
- HCG continues to scale up well as its new centers are maturing. Its mature centers are also growing at a healthy pace.
- Margins are improving across the board led by 1) Realization Improvement 2) Operational Efficiencies 3) Operating Leverage and 4) Improving Mix of Cases.
- FY24 is all set to be a defining year in terms of HCG’s financial performance across growth and profitability.
Biogen Inc.: Major Drivers
- Biogen delivered an all-around beat in the last result.
- TECFIDERA generic competition, ongoing interferon declines and some pricing pressure mostly brought on this reduction.
- Based on these positive results, they started the Phase II/III AMETHYST investigation of litifilimab in CLE.
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