Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Perfect Medical: Post Card From HK, Yield of 11.5%

Perfect Medical (1830 HK): Gleanings from the Annual Report and Presentation For FY24

Perfect Medical (1830 HK): Resilient FY24 And 12.5% Trailing Dividend Yield

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

Perfect Medical Health / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/perfect-medical-health-management" target="_blank" data-smartkarma-citation="entities:3639:1" rel="noopener">Perfect Medical Health (1830 HK)</a> reported weak numbers for H1 FY25, with revenues/PAT down 13%/15% YoY. Given the weak sentiment in HK, this print is not that bad.</li>
<li>The company declared a dividend of 11.3 HKD/cent (9.6% annualized) and flagged a slightly better demand environment in the first two months of H2 FY25 as green shoots slowly emerge.</li>
<li>On our numbers, the stock trades at 9.3x FY25 and has &gt;10% (as historic payout &gt;100%), with the caveat that a better demand environment is sustained. </li>
</ul>



Perfect Medical Health (1830 HK) reported weak numbers for H1 FY25, with revenues/PAT down 13%/15% YoY. Given the weak sentiment in HK, this print is not that bad.
The company declared a dividend of 11.3 HKD/cent (9.6% annualized) and flagged a slightly better demand environment in the first two months of H2 FY25 as green shoots slowly emerge.
On our numbers, the stock trades at 9.3x FY25 and has &gt;10% (as historic payout &gt;100%), with the caveat that a better demand environment is sustained. 


Perfect Medical (1830 HK) H1 FY25 Earnings: Resilient Yield Despite Weak HK Sentiment