The era of medicine plate facing low growth and closing eyes to select stocks to make money has gone
-
Last Update: 2014-04-04
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Source: in April 4, 2014, influenced by the adjustment of growth enterprise board, the pharmaceutical sector experienced a large decline, and the individual stocks with better performance in the early stage took the lead The new round of medical insurance bidding price reduction, medical insurance fee control, cost increase and other factors will also have a profound impact on the pharmaceutical sector In the long run, public hospital reform has a long way to go, so in this process, what will happen to the trend of the pharmaceutical sector? The growth is challenged to be calculated by TTM overall method At present, the valuation of pharmaceutical sector is 35 times, which is at a high level in history But a very big change has taken place behind the valuation of more than 30 times In the first two months of 2014, the overall cumulative revenue growth of the pharmaceutical industry was 13.5%, and the cumulative profit growth was 15%, down 9.2 and 9.4 percentage points respectively compared with the same period last year, with a significant slowdown in growth Before that, the impression that the pharmaceutical sector brought to the market was growth and defensive It was precisely because of these two attributes that all types of investors flocked to, but now, the growth of the sector is challenged, dragging down the defensive decline As a result of the overall decline of industry growth, the valuation within the sector is seriously differentiated, and the valuation often reflects the expectation for the future The increase forces the stock to look at the whole pharmaceutical industry chain 2014 will be an important year On the one hand, the "second price negotiation" for basic drug bidding and procurement is gradually on the way, and the pilot of pharmacy trusteeship is in full bloom At the same time, the reform of public hospitals is going deep into the pilot counties, eager to find ways and methods The separation of medicine is a very large system engineering To realize the separation of medicine, we can only promote the change of stock by increment and introduce social capital, because social capital pursues profit With the increase of increment, the system of the whole hospital will change slowly, and then force the reform of the stock That will be the final interest touched The whole process is calculated in the past 10 or 20 years.
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.