Healthway deflated

Healthway was in my watch list after it attracted the market attention that Peter Lim has became the major share holder. However, I didn't buy into the company since the valuation is quite high. Basically, the story sounds good but the numbers not delivered yet.

To my surprise yesterday, Peter Lim has pared down his stake in the company. Clearly, the stock is now in down trend because the confidence has been shaken. It would take sometime for the price to stablise and then investor can reaccess the attractiveness of the company.

Health care service company is usually more expensive. But not all the stocks are equal. The company has grand plan for China expansion, but it takes time for the result to show.