bullish

Giant Biogene

Giant Biogene (2367.HK) Placement - A Turning Point in Performance Growth Has Emerged

739 Views20 May 2024 08:55
​Giant Biogene's growth is slowing down with uncertain long-term outlook.Selling Class III medical devices faces challenge in marketing.Reasonable valuation is P/E of 20-30x based on current situation
What is covered in the Full Insight:
  • Performance slow down
  • Company Strategy and Challenges
  • Competition in Medical and Skincare products
  • Evaluation of Current situation
  • Forecasted Growth and its Analysis
Boomeranged on Fri, 21 Jun 2024 09:06
Based on the data from Tiktok channel, GMV of Comfy/Collagen was RMB190/396 million (+62%/+674% YoY respectively) from May 24 to Jun.18 (the 618 shopping festival). However, a conflicting info is insiders were net sellers of Giant Biogene during the past year (selling at about HK$47/share). To be conservative, investors can also consider reducing their positions. The next catalyst is 24H1 results.
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