Hospital stocks’ growth outlook positive: HSBC
HSBC initiated coverage on Krishna Institute of Medical Sciences (KIMS) with a 'buy' rating while assigning 'reduce' rating to Global Health (Medanta) and Narayana Hrudayalaya. The brokerage has a 'buy' rating on Apollo Hospitals and Aster Healthcare.
«We retain our positive view on the growth outlook for the hospital sector on intact structural drivers: An ageing population, more lifestyle related disorders, increasing healthcare insurance coverage, rising income levels, and better paying ability,» said the analysts at the brokerage.
HSBC said that the growth outlook for the hospital sector is positive due to a rise in demand for quality healthcare and added that most of the listed players have embarked on a capex cycle post consolidation.
Amid demand for quality healthcare, seven hospitals, in their coverage, plan to more than triple the number of beds added in the period between FY 19 and FY 24, in the next 3 to 5 years.
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