bearish
Sipai Health Technology: Hidden Benefits, Not-So-Hidden Risks
279 Views29 Mar 2023 17:37
SUMMARY
- Sipai Health Technology (314 HK), a Chinese digital healthcare platform backed by Tencent (700 HK) continues to eke out new highs.
- Sipai closed up 34% on its debut two days before Xmas last year, and is currently up 74% on its IPO price of HK$18.60.
- The company is loss-making. However, FY22 financials showed those losses continue to fall.
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