Cordlife Group eyeing growth in three Asian markets: UOB
It will likely acquire cord blood bank operations in India, Indonesia and Philippines.
Why these three countries in particular?
Here's more from UOB Kay Hian:
Cordlife has the right-of-first-refusal to acquire its former parent’s remaining cord blood banking operations in India, Indonesia and the Philippines. Management noted that operations in these markets are finally at their inflection points and revenue should see significant growth from here due to higher awareness of cord blood banking and economies of scale. Takeovers of these assets may come in the medium term when they are deemed to be value- accretive to Cordlife.