Mindray to Exhibit at CMEF - Analyst Blog
04 Aprile 2013 - 4:10PM
Zacks
Chinese medical devices major
Mindray Medical International Limited (MR)
recently revealed that it will showcase over 60 offerings at the
69th China International Medical Equipment Fair to be held in
Shenzhen, China during April 17 and April 20, 2013. Mindray will
exhibit its most current offerings from each of its three segments,
namely medical imaging systems, patient monitoring and life support
and in-vitro diagnostic. Besides, the company will showcase certain
offerings from units that it has acquired recently.
The outlook for Mindray is
favorable. The company forecasts revenue growth of 17% or more for
2013. It also expects adjusted net income for the year to increase
by a minimum of 15% year over year.
Mindray is a bellwether in the
Chinese MedTech industry with a solid international presence. A key
distinction with domestic competitors is that the majority of
Mindray’s products have CE Mark and/or Food and Drug Administration
(FDA) clearance.
Mindray maintains a decent product
pipeline and brings out several new products each year. New
products contribute in a major way to Mindray’s revenues. In 2012,
the company launched 10 new products and acquired four
companies.
The company has entered the premium
segment globally, where its competitive advantage is still unclear.
Also, on the negative side, health care reforms in China and the
U.S. may reduce demand for Mindray’s products. Competition is
fierce and leads to price erosion over time.
The stock carries a Zacks Rank #2
(Buy). Cyberonics Inc. (CYBX), Given
Imaging Ltd. (GIVN) and Cepheid (CPHD)
each carry a Zacks Rank #1 (Strong Buy) and are expected to do
well.
CEPHEID INC (CPHD): Free Stock Analysis Report
CYBERONICS INC (CYBX): Free Stock Analysis Report
GIVEN IMAGING (GIVN): Free Stock Analysis Report
MINDRAY MEDICAL (MR): Free Stock Analysis Report
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