Fortis Healthcare eyes 30 pc jump in medical tourist arrivals:
It is to be remembered that Fortis Healthcare was recommended by me a couple of weeks back...
Meanwhile Northgate Technologies Limited is going ahead with its plans to raise Rs.25 crore putting the company’s recent performance back in focus--however the equity/borrowing proportion had not been decided as yet. The money being raised would be used internally. The sale process of two popular sites owned by Northgate – http://www.bharatstudent.com/ and http://www.ziddu.com/ –is on, and the company hopes to get much higher valuation now considering that www.facebook is now getting a whooping valuation of $15 Billion valuation (1 billion= Rs.100 Cr and hence you can imagine the valuation of Face Book--a social networking site like http://www.bharatstudent.com/ but much bigger than the latter). The company earlier sold off its assets in Hong Kong and China (in the last couple of years), and the sale of the two websites was part of the same restructuring process. The company has decided to re-value its flagship portal http://www.bharatstudent.com/ again, considering the present developments (recent valuation of Face Book).
I have a position in Northgate Technologies Ltd at an average price of Rs.22.50 and hence in any case I will NOT be making ANY LOSSES on the scrip.....that is Guaranteed. You can also bring down your average price to around my buying price to be safe....!!
Now Mid, Small and Micro-caps will rule the streets of Dalal Street as Nifty heads towards 5800--7000 mark, with occassional bouts of buying and selling!!
It is to be remembered that Fortis Healthcare was recommended by me a couple of weeks back...
Meanwhile Northgate Technologies Limited is going ahead with its plans to raise Rs.25 crore putting the company’s recent performance back in focus--however the equity/borrowing proportion had not been decided as yet. The money being raised would be used internally. The sale process of two popular sites owned by Northgate – http://www.bharatstudent.com/ and http://www.ziddu.com/ –is on, and the company hopes to get much higher valuation now considering that www.facebook is now getting a whooping valuation of $15 Billion valuation (1 billion= Rs.100 Cr and hence you can imagine the valuation of Face Book--a social networking site like http://www.bharatstudent.com/ but much bigger than the latter). The company earlier sold off its assets in Hong Kong and China (in the last couple of years), and the sale of the two websites was part of the same restructuring process. The company has decided to re-value its flagship portal http://www.bharatstudent.com/ again, considering the present developments (recent valuation of Face Book).
I have a position in Northgate Technologies Ltd at an average price of Rs.22.50 and hence in any case I will NOT be making ANY LOSSES on the scrip.....that is Guaranteed. You can also bring down your average price to around my buying price to be safe....!!
Now Mid, Small and Micro-caps will rule the streets of Dalal Street as Nifty heads towards 5800--7000 mark, with occassional bouts of buying and selling!!
MUMBAI: Banking on the country''s rapidly-growing medical tourism segment, Fortis Hospitals -- a division of Fortis Healthcare -- expects a 30 per cent jump in patient inflow to over 5,000, a top company official said. "We had started looking at the opportunity (medical tourism) in the international system almost four years back.
We will witness 30 per cent growth in patient arrivals this year," the company''s Chief Executive Officer, Vishal Bali, told PTI. In calendar year 2009, Fortis had catered to nearly 4,000 medical tourists and contributed 10 per cent to the company''s total revenue, he said, adding that over 55 per cent of the arrivals were from the developed world. "More than the number, what we are trying to emphasise on is patient arrivals from the developed world -- this creates the value," Bali said.
Arrival of patients from countries with advanced medical systems gives credence to the fact that India has good infrastructure and talent, Bali said. India witnessed around three lakh arrivals last year owing to its unique low-cost, high-value, best expertise and good infrastructure model, he added.
According to a report from management consulting firm McKinsey and Co, medical tourism in India will grow to USD 2 billion by 2012.
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