CR Phoenixhealth (1515)

CR Phoenixhealth (1515)

Postby winston » Sun Jun 08, 2014 8:26 pm

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PHOENIXHEALTH (01515.HK) 2013 net profit drops 11% to RMB89.99M; div HK6.7 cents
2014-03-31

PHOENIXHEALTH (01515.HK) -0.260 (2.364%) Short selling $672.71K; Ratio 20.569% reported a net profit of RMB89.992 million in 2013, down 10.98% year-on-year.

Earnings per share were RMB0.16.

A final dividend of HK6.7 cents was declared.

The company did not distribute any final dividend in a year ago.


Source: AAStocks Financial News
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Re: Phoenixhealth (1515)

Postby winston » Sun Jun 08, 2014 8:28 pm

PHOENIXHEALTH (01515.HK) closes at $10, up 36% from IPO price
2013-11-29

PHOENIXHEALTH (01515.HK) -0.260 (2.364%) Short selling $672.71K; Ratio 20.569% opened at $8.58 on debut and once hit day high at $10.2.

The stock closed the day at $10, up $2.62, or 36%, from IPO price at $7.38.

The trading volume was 210 million shares, representing a turnover of $1.969 billion. Excluding fee, each lot of 500 shares booked a gain of $1,310.

Source: AAStocks Financial News
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Re: Phoenixhealth (1515)

Postby winston » Sun Jun 08, 2014 8:31 pm

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PHOENIXHEALTH (01515.HK) says it has room to raise debts
2013-11-29

PHOENIXHEALTH (01515.HK) -0.260 (2.364%) Short selling $672.71K; Ratio 20.569% Chief Financial Officer Jiang Tianfan said the company's debt ratio is standing at round 20%, compared with industry average at 50%.

In light of stable income and cash flow from medical business, PHOENIXHEALTH will step up operation by raising the leverage, Jiang said, adding the company will finance takeover activities by raising debts in the future.

Source: AAStocks Financial News
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Re: Phoenixhealth (1515)

Postby winston » Sun Jun 08, 2014 8:34 pm

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Phoenix Healthcare (01515.HK) sets offer share price at ceiling
2013-11-28

Phoenix Healthcare (01515.HK) -0.260 (2.364%) Short selling $672.71K; Ratio 20.569% announced the Hong Kong offer shares were over-subscribed by 534.4 times and the total number of offer shares increased to 100 million after the clawback mechanism had been initiated.

Each subscriber was allotted at least one lot of shares. The offer shares under international placing were also over-subscribed.

The shares will be listed with a board lot size of 500 shares tomorrow.

The offer share price for Phoenix Healthcare was fixed at the ceiling of $7.38.


Source: AAStocks Financial News
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Re: Phoenixhealth (1515)

Postby winston » Wed Aug 27, 2014 4:43 pm

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PHOENIXHEALTH (01515.HK) 1H profit up 63.61 yoy

PHOENIXHEALTH (01515.HK) -0.080 (-0.719%) Short selling $3.14M; Ratio 7.996% announced that for the interim results as of the end of June, the net profit rose 63.61% yearly to RMB82.384 million, representing EPS of RMB0.1.

No interim dividend was declared.

During the period, the turnover rose 20.79% yealry to RMB507 million;

Gross profit rose 36.52% yearly to RMB119 million.


Source: AAStocks Financial News
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Re: Phoenixhealth (1515)

Postby winston » Fri May 29, 2015 10:03 am

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VALUATION/RECOMMENDATION

Maintain BUY and target price of HK$21.80, based on industry PEG of 1.5x and our base-case scenario of assuming the pipeline projects will materialise in 2016 and bring in earnings contributions from 2017.

Benefiting from the public hospital reform, we believe Phoenix's strong hospital management capabilities and pipeline of hospital projects will enable the company to achieve significant net profit CAGR of 33.5% in 2015-17.

Source: UOBKH

http://research.uobkayhian.com/content_ ... 0ee802b4bb
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Re: Phoenixhealth (1515)

Postby winston » Fri Nov 20, 2015 6:37 am

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The Central Government is pushing hospital reform which benefits the development of private hospitals.

Phoenix Health operates 13 hospitals and 1 Chinese medicine hospital in China, with market share at ~3%.

The company is making continued efforts to expand its hospital network.

It cooperates with the Shunyi government to develop the healthcare system in the district.

The project is expected to contribute to earnings from 2016.

Also, the geographical focus strategy in Beijing, Tianjing and Hebei , will allow the company to leverage its medical resources and strong hospital management capability to improve service quality and increase patient flows.

Source: UOBKH
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Re: Phoenixhealth (1515)

Postby winston » Mon Apr 11, 2016 2:40 pm

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<Post Resumption>PHOENIXHEALTH Once Surges 32% after Control Transferred to China Resources Healthcare

PHOENIXHEALTH (01515.HK) acquired the entire equity interest of China Resources Healthcare's Ample Mighty at a total consideration of $3.722 billion.

Upon completion, China Resources Healthcare will become the controlling shareholder of the PHOENIXHEALTH.

BNP Paribas considered such acquisition cast positive effects on PHOENIXHEALTH, which will become the largest hospital group of the mainland.

The company was reiterated at Buy with share value of $13.9 each.

The stock once breached 250-day MA ($11.42) today (11 April), continuing the previous rally after trading resumption. It surged 32% at most to peak at $12, hitting an over-five-month high. It last traded at $10.78, soaring 18%, on volume shooting up to 24.85 million shares.

Source: AAStocks Financial News
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Re: Phoenixhealth (1515)

Postby winston » Thu May 05, 2016 8:20 am

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M Stanley: PHOENIXHEALTH Hospital Acquisition Raises Investor Confidence; Reiterated Overweight

PHOENIXHEALTH (01515.HK) 0.000 (0.000%) Short selling $12.23M; Ratio 3.751% announced for the acquisition of hospitals from CITIC Medical & Health which is the second major transaction in a month after the one with CR Healthcare.

Morgan Stanley believes the deal could further strengthen the company's pioneer role in public hospital reform and reaffirm investor confidence in the stock.

The rating was Overweight with a target price of $20.

Source: AAStocks Financial News
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Re: Phoenixhealth (1515)

Postby winston » Wed May 18, 2016 2:17 pm

May 3, 2016

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<Resumption Ann>PHOENIXHEALTH Buys Hospitals from CITIC Medical for At Least $1.24B

PHOENIXHEALTH (01515.HK) announced that it acquired the controlling stakes in a Grade III hospitals from CITIC Medical & Health Group for at least $1.24 billion.

The seller will become a shareholder and strategic partner of the group. The company is of the view that such cooperation would greatly streamline the resources of the group and CITIC Group.

The consideration was settled by the issuance of at least 131 million consideration shares.

The company applied for a trading resumption with effect from Wednesday (4 May).

Source: AAStocks Financial News
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