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

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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

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...