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Equity Bottom-Up

SBC Medical Group Holdings  / Equity Bottom-Up

<ul><li> SBC continues to expand its footprint organically and through strategic M&A to grow its franchisee network and revenue base.</li><li>SBC can leverage its strong balance sheet and suite of solutions to lower the all-in costs for clinics to launch and / or extend their businesses and to support its overall expansion strategy.</li><li>The rising acceptance of and popularity of aesthetic medicine in Japan and globally creates a tailwind for its growth, in our view.</li></ul>

 SBC continues to expand its footprint organically and through strategic M&A to grow its franchisee network and revenue base.SBC can leverage its strong balance sheet and suite of solutions to lower the all-in costs for clinics to launch and / or extend their businesses and to support its overall expansion strategy.The rising acceptance of and popularity of aesthetic medicine in Japan and globally creates a tailwind for its growth, in our view.

SBC: Fast Growing Solutions Provider in Expanding Medical Aesthetics Market, Initiating Coverage