I looked at Perfect Medical recently. It has a solid track record for growing at a high return on capital. Dividend payout attractive. Was tempted but didn't pull the trigger. I read a lot of the customer reviews on google. Definitely get the impression that it is sales-oriented and perhaps not generating much customer loyalty. I wonder how much of sales are being gifted to friends/family. As for competition - read that Hong Kong Ferry Holdings (stock code 50, another bombed-out HK stock) is set to enter the business. What is to stop other cash rich property developers/investors from diversifying into these pseudo health care areas? My other concern is changing customer behavior - seems increasingly Asian women are more focused on exercise and diet and are less susceptible to these gimmicky 'slimming services' etc. But overall I see huge value in small caps in HK, stock may perform.
Enjoyed this analysis! I did the Esop valuation review for perfect shape for 3 years in a row and was always amazed at their high payout ratio. Now I understand why!
I looked at Perfect Medical recently. It has a solid track record for growing at a high return on capital. Dividend payout attractive. Was tempted but didn't pull the trigger. I read a lot of the customer reviews on google. Definitely get the impression that it is sales-oriented and perhaps not generating much customer loyalty. I wonder how much of sales are being gifted to friends/family. As for competition - read that Hong Kong Ferry Holdings (stock code 50, another bombed-out HK stock) is set to enter the business. What is to stop other cash rich property developers/investors from diversifying into these pseudo health care areas? My other concern is changing customer behavior - seems increasingly Asian women are more focused on exercise and diet and are less susceptible to these gimmicky 'slimming services' etc. But overall I see huge value in small caps in HK, stock may perform.
Enjoyed this analysis! I did the Esop valuation review for perfect shape for 3 years in a row and was always amazed at their high payout ratio. Now I understand why!
Thanks , enjoyed the article and dipped my toes a bit , but not entirely sure what the current weakness is due to any idea ?