HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Equity Capital Markets

Good Doctor Cloud Healthcare & Technology Group / Equity Capital Markets

Good Doctor Cloud Healthcare & Technology Group (GDC HK)

Good Doctor Cloud Healthcare & Technology Group

<ul>
<li>The business model of GOOD DOCTOR CLOUD (CDC) is more of a “middleman”, so its profits is largely dependent on the “price difference” and continuous expansion of customer base.</li>
<li>Short-Term strong demand brought by COVID-19 won’t last. If customer growth fails to meet expectations, long-term performance growth will gradually decline, and even lead to the recurrence of losses.</li>
<li>Although CDC has turned losses into profits, the current earnings are still unstable. Therefore, we suggest using the P/S ratio for valuation, which should be lower than peers.</li>
</ul>


The business model of GOOD DOCTOR CLOUD (CDC) is more of a “middleman”, so its profits is largely dependent on the “price difference” and continuous expansion of customer base.
Short-Term strong demand brought by COVID-19 won’t last. If customer growth fails to meet expectations, long-term performance growth will gradually decline, and even lead to the recurrence of losses.
Although CDC has turned losses into profits, the current earnings are still unstable. Therefore, we suggest using the P/S ratio for valuation, which should be lower than peers.


Pre-IPO Good Doctor Cloud Healthcare & Technology Group - Pain Points of Business Models and Outlook

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Feb 6th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period.</li>
<li>We highlight short changes in Zto Express, HSBC, Hua Hong Semiconductor, Techtronic.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Feb 6th.
Top short increases and decreases were tabulated for one week and four week period.
We highlight short changes in Zto Express, HSBC, Hua Hong Semiconductor, Techtronic.


HK Short Interest Weekly: Zto Express, HSBC, Hua Hong Semiconductor, Techtronic

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Jan 30th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period.</li>
<li>We highlight short changes in Alibaba (9988 HK), AIA (2318 HK), Sinopec (386 HK).</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Jan 30th.
Top short increases and decreases were tabulated for one week and four week period.
We highlight short changes in Alibaba (9988 HK), AIA (2318 HK), Sinopec (386 HK).


HK Short Interest Weekly: Alibaba, AIA, Sinopec, CATL

<ul>
<li>We analysed the earning revision of component stocks of HS TECH in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on ALIBABA, JD.COM, LI AUTO, MEITUAN, XPENG.</li>
</ul>


We analysed the earning revision of component stocks of HS TECH in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on ALIBABA, JD.COM, LI AUTO, MEITUAN, XPENG.


HS TECH Index Earning Revision (Jan): ALIBABA, JD.COM, LI AUTO, MEITUAN, XPENG

<ul>
<li>We analysed the earning revision of component stocks of HSI in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on JD.COM, China Life, ALIBABA, ZIJIN MINING, LI AUTO, HSBC.</li>
</ul>


We analysed the earning revision of component stocks of HSI in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on JD.COM, China Life, ALIBABA, ZIJIN MINING, LI AUTO, HSBC.


HSI Index Earning Revision (Jan): JD.COM, China Life, ALIBABA, ZIJIN MINING, LI AUTO, HSBC

Hong Kong

Alibaba Health is the flagship healthcare platform of Alibaba Group, providing digital health services and resources. It operates pharmaceutical direct sales, an e-commerce platform for medications and health products, and offers healthcare and digital services including telemedicine consultations. The company is headquartered in Beijing, China, and was founded in 1998.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Alibaba Health (241 HK)

Pre-IPO Good Doctor Cloud Healthcare & Technology Group - Pain Points of Business Models and Outlook

GOOD DOCTOR CLOUD's profits rely on price difference/customer base growth.Short-term high growth won't last.Long-term success hinges on meeting...

Xinyao (Criss) Wang

HK Short Interest Weekly: Zto Express, HSBC, Hua Hong Semiconductor, Techtronic

We analyzed the latest HK SFC report for aggregate short position as of Feb 6th and highlight short interest changes in Zto Express, HSBC, Hua Hong...

Ke Yan, CFA, FRM

HK Short Interest Weekly: Alibaba, AIA, Sinopec, CATL

We analyzed the latest HK SFC report for aggregate short position as of Jan 30th and highlight short interest changes in Alibaba, AIA, Sinopec, CATL.

Ke Yan, CFA, FRM

HS TECH Index Earning Revision (Jan): ALIBABA, JD.COM, LI AUTO, MEITUAN, XPENG

We analyzed HS TECH's consensus for Jan 2026 and highlighted changes of EPS in ALIBABA, JD.COM, LI AUTO, MEITUAN, XPENG.

Ke Yan, CFA, FRM

HSI Index Earning Revision (Jan): JD.COM, China Life, ALIBABA, ZIJIN MINING, LI AUTO, HSBC

We analyzed HSI's consensus for Jan 2026 and highlighted changes of EPS in JD.COM, China Life, ALIBABA, ZIJIN MINING, LI AUTO, HSBC.

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Pre-IPO Good Doctor Cloud Healthcare & Technology Group - Pain Points of Business Models and Outlook

​GOOD DOCTOR CLOUD's profits rely on price difference/customer base growth.Short-term high growth won't last.Long-term success hinges on meeting...

Xinyao (Criss) Wang

HK Short Interest Weekly: Zto Express, HSBC, Hua Hong Semiconductor, Techtronic

We analyzed the latest HK SFC report for aggregate short position as of Feb 6th and highlight short interest changes in Zto Express, HSBC, Hua Hong...

Ke Yan, CFA, FRM

HK Short Interest Weekly: Alibaba, AIA, Sinopec, CATL

We analyzed the latest HK SFC report for aggregate short position as of Jan 30th and highlight short interest changes in Alibaba, AIA, Sinopec, CATL.

Ke Yan, CFA, FRM

HS TECH Index Earning Revision (Jan): ALIBABA, JD.COM, LI AUTO, MEITUAN, XPENG

We analyzed HS TECH's consensus for Jan 2026 and highlighted changes of EPS in ALIBABA, JD.COM, LI AUTO, MEITUAN, XPENG.

Ke Yan, CFA, FRM

HSI Index Earning Revision (Jan): JD.COM, China Life, ALIBABA, ZIJIN MINING, LI AUTO, HSBC

We analyzed HSI's consensus for Jan 2026 and highlighted changes of EPS in JD.COM, China Life, ALIBABA, ZIJIN MINING, LI AUTO, HSBC.

Ke Yan, CFA, FRM

GOOD DOCTOR CLOUD's profits rely on price difference/customer base growth.Short-term high growth won't last.Long-term success hinges on meeting...