Japara Healthcare Limited

( ASX:JHC ) - Health Care Equipment & Services


Budget Price Jolt Just A Speedbump In Japara’s Journey

With Australia experiencing, in common with many other developed countries, an ageing population, the aged care business is clearly one with good prospects. Aged care and retirement living is now a hot mini-sector on the stock market, as investors hone in on the companies that offer services to the estimated four million-plus Australians born between 1946 and 1961.

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Analyst Views

JHC – Morgans rates the stock as Add

Morgans has reviewed the changes to aged care funding. The major change is effected on January 1 2017, applying to new appraisals or re-appraisals of existing residents.

The broker expects operators to be able to partially offset reduced growth in government payments by higher fees. Morgans moderates forecasts from FY18 but believes the concerns over funding pressure are overdone.

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