In today’s briefing:
- New Horizon Health (6606.HK) – What Makes a Really Good Story? Definitely Not Just Breakeven
New Horizon Health (6606.HK) – What Makes a Really Good Story? Definitely Not Just Breakeven
- New Horizon Health (NHH) achieved high performance growth last year. However, we recommend investors take a calm and objective view of NHH’s current high growth rate if they see the real story.
- NHH’s dual attributes of medical+consumption means large growth potential/strong profitability. Thus, the real expectation for NHH is not just about achieving breakeven, but more about how to achieve high profitablity.
- If market education level falls short of expectations in the future, it’s difficult for NHH to achieve expected scale/profit margin. There would be greater valuation downward risk at that time.
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