‘Life Healthcare named as a favoured stock pick’

 

“Life Healthcare seems to be the preferred stock among SA’s listed hospital groups with Allan Gray and Perpetua naming it among their favoured picks in a sector that has scope for recovery as the world extricates itself from the Covid-19 pandemic,” reported Business Day (10 August 2021). While Life Healthcare’s share price is down 2.64% since the start of 2020, having recovered from the sell-off in the midst of the Covid-19. SA’s listed hospital groups have seen their share prices suffer since the onset of the pandemic, which upended the belief that healthcare providers were among the best defensive investments in times of turmoil as demand for medical services is regarded as a certainty.

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