Earnings Alerts

Shenzhen Mindray Bio-Medical Electronics (300760) Earnings: FY Net Income Meets Estimates with 11.58 Billion Yuan

  • Mindray Bio-Medical’s Fiscal Year Net Income met estimates coming in at 11.58 billion yuan, marginally under the estimated 11.61 billion yuan.
  • The revenue was reported at 34.93 billion yuan, slightly lower than the projected revenue of 35.52 billion yuan.
  • The impressive performance led to a favourable analyst consensus, with 40 analysts recommending a ‘buy’, while no analysts suggested a ‘hold’ or ‘sell’.

Shenzhen Mindray Bio-Medical Electronics on Smartkarma

Analyst Coverage of Shenzhen Mindray Bio-Medical Electronics

In recent reports on Smartkarma, Xinyao (Criss) Wang discusses the potential impact of Shenzhen Mindray Bio-Medical Electronics‘ acquisition of APT Medical, raising concerns about the high valuation and future growth prospects. Despite initial investor dissatisfaction, Wang suggests that the acquisition could bring new growth opportunities to Mindray, potentially benefiting both companies in the long run. The analyst advises investors to be patient and highlights the importance of monitoring APT Medical’s performance post-acquisition.

Travis Lundy‘s analysis focuses on the buying trends of Shenzhen Mindray in the Mainland Connect NORTHBOUND flows. Lundy observes consistent buying activity by Mindray amidst overall net outflows, indicating a positive sentiment towards the company. The report highlights the significant position of Shenzhen Mindray in the market and suggests continued monitoring of its trading activities for potential insights into market trends.


A look at Shenzhen Mindray Bio-Medical Electronics Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Shenzhen Mindray Bio-Medical Electronics Co., Ltd., a company that manufactures and distributes medical equipment, has been assessed using Smartkarma Smart Scores. With an impressive rating of 5 in Dividend, Growth, Resilience, and Momentum, the company shows strong potential for long-term success. This indicates a positive outlook for investors looking for stable dividends, robust growth prospects, resilience in challenging market conditions, and strong momentum in the market.

Overall, Shenzhen Mindray Bio-Medical Electronics demonstrates solid fundamentals across various aspects of its operations according to the Smartkarma Smart Scores. While the company may have room for improvement in the Value category with a score of 2, its high scores in Dividend, Growth, Resilience, and Momentum point towards a promising future in the medical equipment industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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