Changes in Hong Kong stocks | Medical equipment stocks are collectively strengthening, product procurement is picking up rapidly, institutions say a large number of trade-in orders are expected in the fourth quarter

The Zhitong Finance App learned that medical equipment stocks have strengthened collectively. As of press release, Xintai Healthcare (02291) rose 32.11% to HK$22.3; minimally invasive robot-B (02252) rose 6.37% to HK$9.19; Jianshi Technology-B (09877) rose 4.93% to HK$3.19; and Zhiyun Health (09955) rose 4.24% to HK$1.23.

According to the news, according to data from Zhongcheng Mathematics, as of November 17, China's total intended budget for medical equipment renewal procurement reached 17.7 billion yuan, and the total budget amount disclosed in the medical field equipment renewal tender notice reached 4.8 billion yuan, of which the amount of medical equipment renewal tenders in Beijing, Hebei, Fujian, Ningxia, Hainan and other provinces exceeded 500 million yuan. China Post Securities pointed out that in March 2024, the State Council issued the “Action Plan to Promote Large-scale Equipment Renewal and Consumer Goods Trade-in”. Currently, medical equipment upgrades are gradually entering the intended procurement stage, and early approval projects are expected to gradually be implemented.

According to the bank, it is expected that starting in the fourth quarter of 2024, procurement of some medical equipment products will pick up rapidly, and the amount of procurement in fields such as ultrasound, CT, MR, DR, endoscopy, and surgical robots will increase rapidly. It is expected that in December and 25Q1, all provinces will gradually implement the trade-in policy, relevant in-hospital tenders will be launched, and equipment manufacturers are expected to place a large number of trade-in orders in the fourth quarter. Furthermore, considering the low overall performance base of the medical equipment sector in the second half of 2023, the medical equipment sector is expected to enter a high performance growth range.