- Ping An Healthcare & Technology is the largest telehealth player in China, with a market share of over 70%.
- I estimate its Telehealth (known as Online Medical Services) segment has the capability to grow 60x over the next 20 years, and will be the stock's key growth driver.
- Recent changes to reimbursement policies are supportive of strong growth ahead, as the government taps on technology to alleviate the burden on the domestic healthcare system.
- Financials are looking good, with a net cash balance sheet and narrowing losses - the company should break even soon.
- I see a 23% upside from current price levels, based on a sum-of-the-parts valuation methodology.
For further details see:
Ping An Healthcare & Technology: The Undiscovered Gem In Telehealth You Should Be Buying