bullish
Amvis Holdings Inc (7071 JP): Buy the Dip; Time to Reap Benefit of Business Expansion
404 Views10 Apr 2024 22:04
SUMMARY
- Amvis Holdings Inc (7071 JP) opened 57 facilities during FY20–23, which raised total borrowings 37% YoY to ¥17B in FY23 and further to ¥19B at the end of Q1FY24.
- The impact of the monetary policy is expected to be immaterial based on the current interest incidence of just 0.44%. Interest expenses account for less than 1% of revenue.
- Amvis started FY24 on a solid note, with all key parameters reporting more than 30% YoY growth in Q1FY24. The company has reiterated full-year FY24 guidance.
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Tina Banerjee
Global Healthcare Analyst
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