Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

Equity Capital Markets

Guangdong Kanghua Healthcare / Equity Capital Markets

<p>Guangdong Kanghua (GDKH) has one of the largest for-profit private hospital in China (Kanghua hospital) in terms of registered beds and third largest in terms of revenue, as at December 2015. In this article, we discuss the answers to the following questions:</p><ol><li>Falling utilisation was offset by rising average inpatient spend and rising hospital visits. <br>Can this continue?</li><li>Its top two disciplines - O&amp;G and Cardiology have been showing good growth, but don't expect a spurt in birth rates from the easing of one-child policy.</li><li>Why is this deal for patient investors? </li><li>What are the other specific risks facing the company?</li><li>At what valuations should GDKH trade at?</li></ol>

Guangdong Kanghua (GDKH) has one of the largest for-profit private hospital in China (Kanghua hospital) in terms of registered beds and third largest in terms of revenue, as at December 2015. In this article, we discuss the answers to the following questions:Falling utilisation was offset by rising average inpatient spend and rising hospital visits.  Can this continue?Its top two disciplines - O&amp;G and Cardiology have been showing good growth, but don't expect a spurt in birth rates from the easing of one-child policy.Why is this deal for patient investors? What are the other specific risks facing the company?At what valuations should GDKH trade at?

Guangdong Kanghua IPO: Concentration Risk and More Track Record Needed

China

Guangdong Kanghua Healthcare is a Guangdong based hospital operator.

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Guangdong Kanghua Healthcare (3689 HK)

Guangdong Kanghua IPO: Concentration Risk and More Track Record Needed

Guangdong Kanghua (GDKH) has one of the largest for-profit private hospital in China (Kanghua hospital) in terms of registered beds and third...

Valerie Law, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)