Short-term 30%+ growth is hard to sustain due to M&A slowing down and uncertainty caused by anti-corruption. High profit margin is unrealistic. Hygeia may fail to bring investors expected returns
Boomeranged on Tue, 12 Dec 2023 10:24
In the insight, we expressed concerns that Hygeia's 2023 results would fall short of expectation, and they did - The management has lowered guidance for 2023 and 2024, which means the 15-20% revenue growth we forecast would come early, and P/E has also fallen into the 30-40 range as we expected. Since it's not clear when future performance will rebound, share price may continue to underperform
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