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Top 3 Global Health Care Stocks To Buy In August

Stuart Lucy

Stuart Lucy is an Investment Specialist at the Australian Stock Report, and has gained exposure to funds management and investment banking throughout his career. He draws on this experience to provide macroeconomic commentary and actionable investment insights to clients. Stuart is responsible for writing reports, is involved in delivering Macrovue webinars and provides general advice to our members on portfolio construction. Stuart currently holds RG146 General and Securities qualifications.

Should you be investing in Health Care shares?

The health care sector is expected to have strong long term growth due to the aging population, which should increase demand for healthcare services. Additionally, governments are fiscally constrained which is likely to limit public investment in health care and advancements in medical technology is opening new opportunities. However, on the downside, health care stocks face regulatory risk-limiting growth of private health care services. Investors seeking exposure to the global healthcare sector could consider the following 3 stocks.

health-care-stocks

Ramsay Health Care Ltd 

Ramsay Health Care (ASX: RHC) is a global health care company operating private hospitals. Ramsay health care has 480 facilities across 11 countries, which makes them one of the largest health care companies globally. Ramsay has recently expanded its operations in Europe (mainly France). The current share price is at A$72, with a P/E ratio in the mid 30’s and an annual dividend yield of around 2 per cent (fully-franked).

 

Sonic Healthcare 

Sonic Healthcare Limited (ASX: SHL) is a leading provider of medical diagnostic services (pathology and radiology. Sonic is the dominant position in the Australian market and has established a large presence in the US and German markets and, to a lesser extent, the United Kingdom, Switzerland, Belgium, and New Zealand. Sonic continues to add bolt-on acquisitions in these markets, particularly in the U.S. and Germany, where scale is delivering a competitive cost of service. Sonic Healthcare has a share price of A$27, with a P/E ratio in the mid ’20s and an annual dividend yield of around 3 per cent (partially franked).

 


 

Disclaimer:

This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978) (“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).

This article is provided for informational purpose only and does not purport to contain all matters relevant to any particular investment or financial instrument. Any market commentary in this communication is not intended to constitute “research” as defined by applicable regulations. Whilst information published on or accessed via this website is believed to be reliable, as far as permitted by law we make no representations as to its ongoing availability, accuracy or completeness. Any quotes or prices used herein are current at the time of preparation. This document and its contents are proprietary information and products of our firm and may not be reproduced or otherwise disseminated in whole or in part without our written consent unless required to by judicial or administrative proceeding. The ultimate decision to proceed with any transaction rests solely with you. We are not acting as your advisor in relation to any information contained herein. Any projections are estimates only and may not be realised in the future.

ASR has no position in any of the stocks mentioned.

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