Universal Vision Biotechnology (3218 TT): Steady Growth Continued in 1H23 Riding on Strong Demand
308 Views12 Oct 2023 01:27
SUMMARY
- Universal Vision Biotechnology (3218 TT) reported continued growth in 1H23, with revenue, operating profit, and net profit increasing 25%, 31%, and 31%, YoY, respectively.
- Revenue from high-margin technical service grew 23% YoY, driven by increasing number of refractive and cataract surgeries performed in Taiwan. UVB dominates refractive market in Taiwan, with 50% market share.
- With dominant market positioning in Taiwan, re-opening in China, secular market tailwinds, and widening geographic presence, UVB is expected to report double-digit top and bottom-line growth through 2025.
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Tina Banerjee
Global Healthcare Analyst
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