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HIAS: The regional reach of the SGX

Healthcare on the SGX is focussed on 30 companies with US$25 billion in value  most of which have an Asia Pacific focus, said Geoff Howie, director – equities & fixed income, Singapore Exchange, speaking at this year’s HealthInvestor Asia Summit at the Marina Bay Sands in Singapore.

Howie emphasised the continued differentials in growth in Asia Pacific, versus the rest of the world. The healthcare industry across the world is likely to grow 4% this year while in Asia Pacific, it is likely to grow 11.1%. That means that the region is likely to take 28% of the US$2 trillion healthcare industry, he pointed out.

Primary listings are up threefold, while secondary listings are 13 times higher in Singapore. Over past five years, from 2012 to 2017, there have been 13 new listings on SGX. They raised US$190 million as well as nine bond listings of US$550 million.

Healthcare has benefitted from being seen as a safe haven. “We have seen some rotation into defensive sectors in first five months of 2018,” Howie explained. What has also helped is the way that the sector is expanding. “Our highly capitalised stocks are going for growth,” he said, mentioning recent expansions at IHH Healthcare, Top Glove, Raffles Medical, TalkMed Group and HMI.

It can be seen in a concrete way in the differing performances of the MSCI Asia Pacific Healthcare index versus the MSCI World Healthcare index. The former is up 21% over the past 12 months versus 4% for the latter.

Posted on: 15/05/2018 UTC+08:00


News

Huami Corporation, a biometric and data-driven company, has inked a new partnership agreement with PAI Health, a health technology firm.
China’s Ascletis Pharma is set to be the first firm of its kind to float on Hong Kong’s stock exchange.
Japanese robotics firm Cyberdyne is to launch an $82 million fund that will invest in the healthcare and cybernic technology sectors, it said in a statement on its website.
Daiichi Sankyo, the Japanese pharmaceutical company, has moved to block the $1 billion sale of Fortis Healthcare to Malaysia’s IHH, triggering a slide in Fortis’ share price.
SGX-listed Acromec, which designs and builds medical and sterile cleanrooms, has secured another contract in the healthcare sector valued at S$2.9 million (US$2.1 million). It is expected to be completed by the end of the year.
Sydney-based 1st Group, the Australian digital health, media and technology group, has appointed Richard Rogers as chief financial officer. He joins from Lenovo Australia & New Zealand.
Asia-focused market expansion services provider DKSH is to sell its healthcare business in China to Warburg Pincus for SFr100 million (US$100.7 million).
Summerset Group, New Zealand’s third-largest listed retirement village operator, has said that it expects underlying half year profits to jump between 21% and 26% to NZ$43 million (US$29.4 million) and NZ$45 million.



Analysis

Ping An Healthcare and Technology, formerly known as Good Doctor, has signed contracts with nearly 200 large corporations, including Vanke, Greentown, Bank of China, China Telecom, China National Nuclear Power, Evergrande Group and provides services to nearly 1.5 million employees, covering 27 provinces, autonomous regions and municipalities.
Earlier this week, Cigna Corporation released the results of its 2018 Cigna 360° Well-Being Survey – Future Assured. The findings, which were tracked over a four year period, show rising awareness of the need to prepare for old age, which includes being continually active and financially independent. As a result, people are working harder today, and increasingly calling on employers to help in managing workplace stress.
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Aon’s inaugural Asia Healthcare Trends Report 2017/18 shows that although Hong Kong has a lower medical inflation rate than the average in APAC, it is the highest in Greater China.
Out of date and unsecure fax machines are still being used to share patient information between healthcare providers in Australia. Not only do fax machines cause frustration for healthcare providers trying to communicate with each other, they can also cause patient harm.
Health and well-being programmes are fragmented and do not meet the needs of stressed Asia workforces, finds Willis Towers Watson. By and large, employers in Asia still miss the mark when it comes to their health and well-being benefits, with many employees feeling that their needs are not met, according to research from the global advisory, broking and solutions company.
According to a survey of biopharma companies by L.E.K. Consulting, the majority of firms from Western Europe or the US are interested in China, specifically those at Phase 2 or later development.
Sara Jost, global healthcare industry lead at BlackBerry, explains that putting the systems and procedures in place to deliver a healthy and secure digital healthcare system will protect patient health information and support medical innovation.
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