Ping An Good Doctor

Ping An Good Doctor

Postby winston » Mon Nov 27, 2017 12:52 pm

Ping An Good Doctor Seeks to Raise $1 Billion in Hong Kong IPO

By Adam Routh

Ping An Good Doctor, a Chinese healthcare app backed by Ping An Insurance (2318.HK), is planning to raise approximately USD1 billion via a initial public offering on the Hong Kong stock exchange in the first half of next year, the South China Morning Post reported citing sources familiar with the matter.

Good Doctor was officially launched in April 2015. The healthcare and medical service platform raised USD500 million in a Series A financing round in May 2016, which valued the company at approximately USD3 billion.

The company claims to have 77 million registered users and as many as 250,000 daily consultations.

However, just like many other start-ups, Good Doctor has yet to make a profit.

Source: Barron's

http://www.nasdaq.com/article/ping-an-g ... o-cm882322
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Re: Ping An Good Doctor

Postby winston » Tue Nov 28, 2017 8:24 am

Good Doctor looks for US$1b IPO

by Janice Huang

Chinese health-care app Ping An Good Doctor, backed by Ping An Insurance (2318), is planning to raise about US$1 billion (HK$7.8 billion) via a Hong Kong initial public offering in the first half of next year.

The app, which is the largest online health-care and medical platform in terms of users, provides online appointment booking for users who want to see doctors.

Clients can also consult doctors for diagnosis via the app.

Good Doctor was valued at US$3 billion in the first half of 2016 after it raised US$500 million in an initial funding round.

If the IPO is successful, the SAR stock market will add one more mainland tech and internet company to the list.

The monthly active users of the app numbered more than 20 million at the end of September this year. Shares of Ping An Insurance lost 2.69 percent yesterday to HK$81.5.

Source: The Standard
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Re: Ping An Good Doctor

Postby winston » Mon Apr 23, 2018 2:54 pm

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Ping An Good Doctor Starts Preparing $1.1 Billion Hong Kong IPO

Ping An Good Doctor, a unit of China’s biggest insurer by market value, attracted cornerstone investors including GIC Pte and Khazanah Nasional Bhd. to a Hong Kong initial public offering that could raise as much as $1.1 billion.

The Chinese online health-care platform is offering about 160 million shares at HK$50.80 to HK$54.80 apiece, according to terms for the deal obtained by Bloomberg.

The Ping An Insurance (Group) Co. subsidiary will take investor orders from Monday through April 26, the terms show.

Ping An Insurance is preparing listings for its technology units after shares of the insurer have risen more than 90 percent over the past 12 months, giving it a market value of about $188 billion.

Its OneConnect financial management portal has picked banks for a Hong Kong IPO that could raise as much as $3 billion, people familiar with the matter said in March.

Seven cornerstone investors agreed to buy about $550 million of stock in the Good Doctor offering, according to the terms. BlackRock Inc. will invest about $125 million, while Singapore sovereign fund GIC and Canada Pension Plan Investment Board each agreed to purchase $100 million of shares.

Khazanah, Swiss Re AG, U.S. asset manager Capital Group Cos. and a unit of Thailand’s CP Group are also buying stock in the offering.

The cornerstone investors agreed to keep their holdings for six months in return for early, guaranteed allocations.

Good Doctor, which is formally known as Ping An Healthcare & Technology Co., aims to price the offering on April 26 U.S. Eastern time and begin trading May 4, the terms show. Citigroup Inc. and JPMorgan Chase & Co. are joint sponsors of the offering.

Source: Bloomberg

https://www.bloomberg.com/news/articles ... g-kong-ipo
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Re: Ping An Good Doctor

Postby winston » Fri Oct 11, 2019 4:28 pm

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PA GOODDOCTOR(1833)

Analysis:

PA GOODDOCTOR is an Internet medical health platform of Ping An.

The revenue of the first half of 2019 rose by 102.4% year-on-year to RMB 2.273 billion;

The gross profit rose by 59.2% year-on-year to 492 million yuan;

The loss attributable to shareholders decrease by nearly 40% year-on-year to 273 million yuan; the adjusted net loss was 223 million yuan, a year-on-year decrease of 42.5%.

PA GOODDOCTOR`s income is mainly derived from five part:
1. Online medical services
2. Consumer healthcare
3. Health mall-individual consumers
4. Health mall-corporate clients and
5. Health management and wellness interaction.

The income of each business segm ent maintained a good growth trend, with a year-on-year growth of more than 55%.

The company`s business operations capabilities continue to improve, while the operating expenses (including sales and marketing expenses and management fees) accounted for 40.5% of revenue, decreased 35 percentage points year-on-year.

Since the beginning of this year, the mainland government has attached great importance to "Internet plus medical care", and intensively issued various policies have also caused positive responses in various places.

As of June 30, 2019, the company has reached a strategic cooperation agreement with nearly 50 offline hospitals, and gradually developed an online hospital management platform that integrates online medical treatment platform, prescription sharing platform and commercial insurance payment platform.

From this point of view, PA GOODDOCTOR`s core business is in line with the needs of medical reform, and it is expected to benifit first as a leading Internet medical health platform.

Strategy:
Buy-in Price: $54.00, Target Price: $62.00, Cut Loss Price: $46.00

Source: Phillips
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Re: Ping An Good Doctor

Postby winston » Fri Mar 13, 2020 12:02 pm

not vested

PA GOODDOCTOR(1833)

Analysis:

Ping An GoodDoctor is the largest Internet medical and health platform in China. Through the mobile platform, the company provides online medical and health services, such as family doctor services, consumer medical services, health malls, and health management and interaction.

The company has established a nationwide network of medical service providers, covering approximately 3,100 hospitals (including more than 1,000 tertiary hospitals), as well as approximately 1,100 medical examination centers, 500 dental clinics and 7,500 pharmacies.

The company`s family doctor service, mobile platform and service provider network make the company an important online portal entry, forming the company`s vibrant medical and health ecosystem.

The breadth and depth of the company`s user base and user participation, technical strength and service provider network have formed substantial competition barriers.

Strategy:
Buy-in Price: $68.00, Target Price: $80.00, Cut Loss Price: $61.00

Source: Phillips
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