bullish
Paramount Bed (7817 JP): Record High Revenue Clocked in FY22; New Management Target Announced
367 Views09 Jul 2022 23:10
SUMMARY
- Paramount Bed Holdings Co Lt (7817 JP) announced record high sales in FY22, driven by strong demand of hospital beds and achieved management target two year ahead of plan.
- While near-term challenges including high input cost and semiconductor supply shortage negatively impact FY23 performance, Paramount aims to achieve 33% revenue growth and 50bps operating margin expansion during FY22–27.
- Paramount is a strong play on COVID recovery. The shares gained 15% since I published bullish note on the company on January 17, 2022. More stream is still left.
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Tina Banerjee
Global Healthcare Analyst
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