In this Year of the Pig, healthcare could be an auspicious investment destination for investors that use an in-depth and targeted strategy.
Michael Fu, managing director and head of?Everbright Healthcare Fund at asset manager China Everbright Limited, aims to invest upstream and downstream within a particular sector, rather than diversify investment across all sectors.
“The valuation of healthcare startups is already quite high,” Fu said. “Even startup teams admit it.” The seemingly prosperous market early last year was the rising tide. It lifted up all company valuations which have remained high since the last quarter of 2018.
Despite the opportunities, there are...