Primer: EC Healthcare (2138 HK) - Aug 2026
Market Leader Under Pressure: As Hong Kong's largest non-hospital medical service provider, EC Healthcare enjoys significant scale and brand...
109 Views
Perfect Medical Revisited: What Worked, What Did Not, and What 9x Earnings Means Today
Six years on, Perfect Medical looks less like the compounder we once envisioned and more like a resilient cash-return story whose narrow moat is...
109 Views
Medical Beauty Plays in Hong Kong: Perfect/Water Oasis and Flameglow: A Better Retail Environment?
We contrast all the beauty plays in HK, i.e., Water Oasis, Perfect Medical, Flameglow, and EC healthcare. We provide commentary on their recent...
554 Views
UMP Healthcare (722 HK): Deep Value Turnaround in FY25
We preview the FY24 earnings of UMP Healthcare (722 HK) as the company embarks on a turnaround of its business, trading at 12x FY24 PE with 75% of...
638 Views
Foundation Healthcare Pre-IPO: Leadership Amid Favorable Market Dynamics to Drive Sustainable Growth
Foundation Healthcare, Singapore’s largest private multi-specialty healthcare network, has filed for IPO. The IPO will consist of fresh issue as...
410 Views