F&P Healthcare underperforming, but there's upside to come

Wed, 20 Jan 2021

Fisher & Paykel Healthcare may be underperforming the S&P NZX50 of late, but there looks to be plenty of upside. There are two main reasons. First, countries are battling new outbreaks of covid-19. Second, its equipment is now in place to treat a wide variety of respiratory ailments — not just covid. Hospital products make up around 75 percent of its operating revenue. The stock jumped 48 percent in 2020 as it ramped up manufacturing capacity and hired scores of new staff to meet demand for its hospital hardware pr...

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