bearish
Ryman Healthcare (RYM NZ): Strong Underlying Growth Story; Current Macro Scenario Limits Upside
176 Views29 Sep 2022 00:10
SUMMARY
- Ryman Healthcare (RYM NZ) has a secular growth story underpinned by ageing population. Australia and New Zealand are projected to have 5.3 million people aged 75 and above by 2062.
- Rising interest rate and falling property prices should limit the upside potential of property management companies, like Ryman. New Zealand's house prices are forecast to sink 9% this year.
- Ryman’s site of the Moondah mansion in Mt Eliza, near Melbourne central business district is still under litigation.
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Tina Banerjee
Global Healthcare Analyst
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