Ping An Healthcare And Technology Co Ltd Ordinary Shares
01833: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| HKD 76.00 | Pypx | Wjqnjhpq |
Lackluster Demand For Ping An Health Services Suggests Secular Low Growth
Business Strategy and Outlook
Ping An Healthcare and Technology, or Ping An Health, pivoted its business model at the end of 2021 to become more like a health maintenance organization, or HMO, model for where it now focuses on providing healthcare services to corporations and individuals, away from its previous model where it was a one-stop shop that provided online consultations, healthcare e-commerce, hospital bookings, and various services to individuals. The platform still makes these online services available to single users, but its focus is now on adding incremental users via selling its HMO product through corporations signing up and less on e-commerce. Despite the change, we still do not expect robust demand in the near term.