HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Equity Bottom-Up

Eyebright Medical Technology / Equity Bottom-Up

<p>The field of high-value ophthalmic consumables has always been one of the focus of investors. Among them, <a href="https://www.smartkarma.com/entities/eyebright-medical-technology-beijing-co-ltd" target="_blank" data-smartkarma-citation="entities:33455:1" rel="noopener">Eyebright Medical Technology Beijing (688050 CH)</a>, which is committed to the R&amp;D, production and commercialization of intraocular lens (IOL) and orthokeratology lens (OK lens) as its core products, attracts continuous attention. Since its listing in July 2020, the stock price of Eyebright had once been as high as RMB398.86/share. As of July 30, 2021, the share price of Eyebright was closed at RMB274.1/share, up about 717% compared with the issue price of RMB33.55/share, with the market value of RMB28.8 billion and P/E ratio of 200.66. So could Eyebright continue to support its high valuation? This insight mainly analyzed the industry characteristics, the business, and thoughts on valuation of Eyebright.</p>

The field of high-value ophthalmic consumables has always been one of the focus of investors. Among them, Eyebright Medical Technology Beijing (688050 CH), which is committed to the R&amp;D, production and commercialization of intraocular lens (IOL) and orthokeratology lens (OK lens) as its core products, attracts continuous attention. Since its listing in July 2020, the stock price of Eyebright had once been as high as RMB398.86/share. As of July 30, 2021, the share price of Eyebright was closed at RMB274.1/share, up about 717% compared with the issue price of RMB33.55/share, with the market value of RMB28.8 billion and P/E ratio of 200.66. So could Eyebright continue to support its high valuation? This insight mainly analyzed the industry characteristics, the business, and thoughts on valuation of Eyebright.

Eyebright Medical Technology (688050. CH) - A Good Company but The Valuation Is Too High

Bloomage Biotechnology  Lt / Equity Bottom-Up

<p>In January, 2021, National Health Commission has approved hyaluronic acid as a new food ingredient, which could be used in common foods. This marks the further opening of China's hyaluronic acid food market and the new development milestone of China's hyaluronic acid industry. <a href="https://www.smartkarma.com/entities/bloomage-biotechnology-corporation-a" target="_blank" data-smartkarma-citation="entities:30390:1" rel="noopener">Bloomage Biotechnology Corporation-A (688363 CH)</a> is the global leader in the raw materials of hyaluronic acid, and it has broken through the whole industrial chain from the upstream hyaluronic acid raw materials to the downstream of the medical beauty, functional skin care and functional food. Besides, because of the new regulation, the Company's food grade raw materials business and functional food products are expected to shift from export to domestic sales, further opening the Company's growth space. It is expected that Bloomage’s future growth would be promising.</p>

In January, 2021, National Health Commission has approved hyaluronic acid as a new food ingredient, which could be used in common foods. This marks the further opening of China's hyaluronic acid food market and the new development milestone of China's hyaluronic acid industry. Bloomage Biotechnology Corporation-A (688363 CH) is the global leader in the raw materials of hyaluronic acid, and it has broken through the whole industrial chain from the upstream hyaluronic acid raw materials to the downstream of the medical beauty, functional skin care and functional food. Besides, because of the new regulation, the Company's food grade raw materials business and functional food products are expected to shift from export to domestic sales, further opening the Company's growth space. It is expected that Bloomage’s future growth would be promising.

Bloomage Biotechnology (688363.CH) - Accelerated Growth with the Approval of New Regulation

China

Shanghai Haohai Biological Technology Co., Ltd. manufactures absorbable biomedical materials. The Company manufactures and sells intraocular lens, medical sodium hyaluronate, medical chitosan, medical collage sponge, and other products. Shanghai Haohai Biological Technology markets its products worldwide.

Shanghai Haohai Biological Tec (688366 CH)

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Shanghai Haohai Biological Tec (688366 CH)

Eyebright Medical Technology (688050. CH) - A Good Company but The Valuation Is Too High

This article mainly analyzed Eyebright Medical Technology in terms of the industry characteristics, the outlook, the business, the comparison with...

Xinyao (Criss) Wang

Bloomage Biotechnology (688363.CH) - Accelerated Growth with the Approval of New Regulation

The article analyzed Bloomage in terms of major business (raw material, medical products, functional skin care and functional food after the new...

Xinyao (Criss) Wang

Price Gauge

52-week Range

Market Cap (USDm)

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