11/07/2024 09:18

Sonic Healthcare Ltd (SHL) $25.83

We touched on SHL last month after an FY24 earnings guidance miss sent the stock below $24. As we said at the time, to press the buy button on SHL, we need to believe that substantial operating performance improvement can be delivered in FY25 and not pushed into FY26 / beyond. At this stage, we are comfortable being an observer as the stock isn't cheap enough to take on the risks of further operational disappointment.

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27/06/2024 09:56

Sonic Healthcare Ltd (SHL) $26.25

SHL’s FY24 earnings guidance led to downgrades of around 8%, which initially saw the stock spike under $24. However, it has recovered strongly, trading close to levels before the result. Cost pressures have been the issue for SHL, with too many collection sites and staff costs the main issue, though we see these improving over the coming 12 months.

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21/05/2024 16:42

Sonic Healthcare (SHL) $25.01

SHL –6.01%: Sold off today although the worst of it was seen early with the shares recovering from their morning lows following a downgrade to guidance. Organic sales guidance is for 6% growth for the full year (no prior guidance had been provided) which is broadly inline with current consensus

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28/03/2024 09:43

Sonic Healthcare Ltd (SHL) $29.28

Diagnostics business SHL has struggled over recent years, but they showed some signs of improvement at their result in February. This is a solid business, but COVID was ultimately not kind to them. While it delivered a big short term sugar hit to revenue, SHL’s cost base also blew out which they have carried into a weaker sales environment i.e. they haven't pivoted quick enough.

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17/02/2023 09:20

Sonic Healthcare Ltd (SHL) $33.20

Diagnostics company SHL rallied +15.1% yesterday after beating market expectations, they delivered a profit that was 50% higher than before COVID – revenue over the last few years was elevated due to massive PCR testing, hopefully, a thing of the past.

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18/01/2022 09:43

Sonic Healthcare (SHL) $40.27

SHL is another stock that received a broker downgrade after punching to fresh all-time highs i.e. its not a problem with the business just a case of the stock going too far too fast. Like many companies SHL have staff issues due to Omicron but the largest concerns revolve around antigen kits taking over from previous COVID testing, this maybe true...

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31/08/2021 09:25

The healthcare sector will have varied influences

COVID has clearly provided a strong tailwind for vaccine producers overseas while pathology operators locally have seen a huge boost in demand which has flowed through to strong profits, Healius (HLS) and Sonic (SHL) are examples here.

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23/08/2021 08:09

Reporting Today (ALD, CNU, GEM, NHF, RWC, SHL, VEA)

Companies reporting today on MM’s radar include: Ampol (ALD) 1H21 Results: Expectations for 1H21 NPAT of 171m & Dividend of $0.433 Charter Hall Group (CHC) FY21 Results: Funds From Operations (FFO) per share of $0.58, NPAT $269m & DPS of $0.38. FY22 expectations are for strong profit growth (+24%) to $333m Chorus (CNU) FY21 Results: Expectations for revenue of $947m, EBITDA of $645m, NPAT of $50.84m (down ~2% on FY20), EPS of $0.111, FY Dividend $0.25. Market currently pricing NPAT for FY22 of $49.25m, flat on FY21.

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11/06/2021 09:27

Sonic Healthcare (SHL) $35.83

Pathology and diagnostics business SHL remains on track to initially test $40, similar to our view in mid-April. We believe it’s a case of when not if the shares “pop” on the upside.

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15/04/2021 09:27

Sonic Healthcare (SHL) $36.16

Pathology and diagnostic imaging business SHL has been a huge winner post COVID and although its bounced strongly after its recent 20% correction we remain bullish targeting fresh all-time highs.

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