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Thoughts on SHL

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Thoughts on SHL

Hi MM, We bought SHL on the 12/12/23 for $31.50. Would you still be holding it in your portfolio now as it has dropped to $27.55 today. Thanks, Ron

Answer

Hi Ron,

We covered SHL recently, saying SHL’s earnings were higher 3-years ago than today and hence the share price has followed the disappointing trajectory. The momentum in their earnings remains a struggle and at their recent results, they pointed to a large 2H skew as they work to right size their cost base. For us to gain more confidence on SHL, they need to deliver on their 2H targets, continue to shrink their collection network and ultimately improve margins.

  • We think it’s too early to be positive on SHL just yet.
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Sonic Healthcare Ltd (SHL)
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