德意志银行-xx医药行业-china healthcare monthly data tracker-20170629-deutschebank,june2017.pdfVIP

Deutsche Bank Markets Research Asia Industry Date China China Healthcare 29 June 2017 Health Care Health Care Forecast Change Jack Hu, PhD Linc Yiu Monthly data tracker: June 2017 Research Analyst Research Associate (+852 ) 2203 6208 (+852 ) 2203 6248 jack.hu@ linc.yiu@ Monthly data tracker: June 2017 Key Changes Recent data suggest that: 1) drug consumption registered 11.7% YoY growth Company Target Price Rating in YTD5m17 vs. 12% in 2016; 2) inpatient and outpatient traffic grew 4.0% and 1530.HK 11.50 to - 1.0%, respectively in YTD Apr 17; 3) government spending growth in health 13.00(HKD) care accelerated to 19% YoY in YTD5m17, vs. 10% in 2016; 4) the prices of 6- 1349.HK 9.00 to 7.70(HKD) - APA and 7-ACA rebounded in June; 5) TCM raw material price movement 1066.HK 6.40 to 7.00(HKD) - remained fixed; 6) corn price increased to RMB1,700/ton in June; and 7) Source: Deutsche Bank domestic Vitamin C prices remained high with ASP of RMB70/kg, and the export Vitamin C price jumped 9%.