Medlive Technology Co Ltd

02192: XHKG (HKG)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
HK$75.00BrwyWbbtrzht

Medlive Growth Slowed Due to Lockdowns but Possible Recovery in Second Half; Maintain HKD 12.40 FVE

We are maintaining of fair value estimate at HKD 12.40 for Medlive after the company reported only a 1% year-on-year revenue increase for the first half of 2022. Medlive attributed the modest increase to lockdown headwinds and believes that robust growth will return in the second half. We believe the stock is fairly valued currently, and before we increase our fair value estimate, we would like to see Medlive to return to at least double-digit growth again.

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