Chart of the Week: Ping An Good Doctor Shares Skyrocket in Hong Kong

It has been a phenomenal week, and 2020, for Ping An Healthcare and Technology Co Ltd (SEHK: 1833).

Investors in the Ping An Insurance’s Hong Kong-listed medtech subsidiary, which is better known as Ping An Good Doctor, will be happy.

Although the company still has a loss-making business, that hasn’t put off investors piling into its shares.

Ping An Good Doctor has seen its shares surge by over 15% in the past week. If that wasn’t enough, in the last month alone the company’s shares have gained around 70% (see below).

The online medical specialist has seen a surge of interest in online consultations with doctors as China went into lockdown mode in the first quarter of 2020.

Outstanding growth

In its 2019 annual earnings report, the company reported revenue of RMB 5.06 billion (US$714.4 million). That was revenue growth of 52% year-on-year.

Meanwhile, revenue from its Online Medical Services division grew at an outstanding 109% year-on-year.

Overall, from 2015-2019 Ping An Good Doctor recorded an unbelievable compound annual growth rate (CAGR) in revenue of 106%.

And this was before Covid-19 got serious in China. For investors, the question now is exactly how much growth and revenue it has managed to rack up in 2020.

Ping An Healthcare and Technology Co Ltd’s share price (HK$)

Ping An Good Doctor stock price

Source: Google Finance

分享給你的朋友