Healthcare continues to outperform in Australia

Nicholas Forsyth

Whether we consider the last week, or the last 12months, the Australian Healthcare Sector remains a shining light on the local stock market. As would be expected there are some blemishes within the sector, with Ansell (ANN) and Primary Health Care (PRY) experiencing a disappointing 12 months. However, overall the sector remains in the black for the last 12 months, while the ASX200 is down 5.5%. The obvious fundamentals of a population continuing to grow and enjoy better quality health conditions remain firmly in play. The concern with the sector has been the same for a lot of investors over recent years and remains today, relatively high valuations and low dividend yields compared to the market as whole. However, if a company is growing and increasing earnings per share, both of these concerns dissipate very rapidly. Today we are going to look at three stocks within the sector to see if any good risk / reward opportunities can be identified. Report link: (VIEW LINK)


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