bullish
Medley (4480 JP): Strong Base Business; No Fear from Fx; Digital Healthcare Push to Benefit
264 Views07 Oct 2024 23:36
SUMMARY
- Medley (4480 JP) is a safe bet for hiding from the negative impact of strengthening yen. The company should benefit from digital healthcare push from the newly elected Prime Minister.
- Although Medley has reported mixed 2Q24 result, with robust topline and declining profitability, the long-term growth potential remains intact. The company guided for 43% YoY revenue growth in 2024.
- Continued shortage of human resource, including doctors and nurses at medical care facilities in Japan and underpenetrated market remain the main growth engines of the company.
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Tina Banerjee
Global Healthcare Analyst
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