In today’s briefing:
- China Healthcare Weekly (Dec.16) – ICU Expansion, Abnormal Medical Demand, Dying Chapter 18A of HKEX
- GEM Weekly: 2022 Yearend Edition
China Healthcare Weekly (Dec.16) – ICU Expansion, Abnormal Medical Demand, Dying Chapter 18A of HKEX
- National Health Commission reiterated that the number of ICU beds in designated hospitals should reach 10% of total beds, but we think the expansion/construction of ICU should be treated rationally.
- The medical demand in 2020-2022 was very abnormal. If demand returns to normal in 2023H2, the overall growth of the healthcare industry would return to natural growth.
- Among the 53 companies listed under Chapter 18A, there’re less than 15 companies that are really seriously developing drugs/devices, which could be the fundamental reason for big differentiation of valuation.
GEM Weekly: 2022 Yearend Edition
- The Global Emerging Markets weekly provides a summary of the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
- In our final weekly for the year, we look back at 2022 to see which stocks, countries, and currencies out and underperformed in the Global Emerging Markets.
- We also look forward to 2023F to see what’s expected for the major GEM economies next year.
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