SHANGHAI, Nov. 14, 2019 /PRNewswire/ -- The world's leading online healthcare ecosystem platform, Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor"; stock code: 01833.HK) today announced that the company will be included in the MSCI China Index, becoming the only stock in the online healthcare industry to be added to the index. Such changes will become effective from the close of business hours on 26 November.
MSCI is a world-renowned index compilation company as well as one of the most influential index providers in the globe at present. Widely taken as a reference by investors with a coverage of 23 developed countries and markets and 27 emerging markets, the indexes constructed by MSCI are regarded as the "bellwether" for international investments. The MSCI China Index represents Chinese stocks including H shares, B shares, red chip stocks and private enterprise shares, serving as an important Chinese subject for foreign mainstream investors. Once changes to the index become effective, the new constituents will typically become the focus among foreign mainstream investors and be sought after by international funds.
With respect to the compilation and selection of constituents of the MSCI China Index, the factors to be considered include size of companies, their industrial representation and liquidity, among others. Considering the authority of MSCI in the investment sector, being included in the index can testify Ping An Good Doctor's investment values in terms of fundamentals and technicals.
In fact, as the "No.1 listed internet health-tech company in the world", Ping An Good Doctor has been well recognized by the capital markets at home and abroad since its listing on the Hong Kong Stock Exchange in May 2018. This August, Ping An Good Doctor's stock price continued to move up after the release of its interim report for the year 2019 and the launch of the strategic innovative product Private Doctor, hitting new 52-week highs for consecutive times.
International banks as well are bullish about Ping An Good Doctor's future. According to the research report by Macquarie, Macquarie assigned an "outperform" rating to Ping An Good Doctor for the first time based on its possession of stronger traffic advantage and the estimation that its revenue will grow at a CAGR of 51% between 2018 and 2021. Bloomberg also indicated in an industry research report about the development of telehealth in China that Ping An Good Doctor as the leading online healthcare service provider in the sector will usher in a golden age of development
The world's largest financial information provider Bloomberg stated in its recent news report titled "China's Tech Giants Take a Shot at Reinventing Health Care" that Ping An Good Doctor, the leader of the online healthcare industry, is mobilizing its technological power to reinvent China's medical ecosystem in order to meet the healthcare needs of users in the country and change their habits with regard to seeking medical treatments.
About Ping An Healthcare and Technology Company Limited
As the world's leading one-stop healthcare ecosystem platform, Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor"; stock code: 01833.HK) is strive to provide every family with a family doctor, every person with an e-profile and everyone with a healthcare management plan through our "mobile medical + AI technology". At present, Ping An Good Doctor has established key business segments including online medical services, consumer healthcare, healthcare mall, and health management and wellness interaction.
As of 30 June 2019, our number of registered users reached 289.3 million and the number of monthly active users reached 62.7 million, it has become the largest mobile medical application in China in terms of coverage. Being powered by self-developed AI-assisted diagnosis system, our in-house medical team is strive to provide users with one-stop medical services covering 7/24 online consultation, referral, registration, online drug purchase and one-hour medicine delivery.
In April 2015, the Company received $400 million private placement from Softbank Vision Fund. On 4 May 2018, Ping An Good Doctor became the No.1 listed internet healthcare company in the world when it joined the Hong Kong Stock Exchange, stock code 01833.HK.
