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Citi strategists see the value of health care

Date: 26 Jan 2010

The US bank is advising clients to seize on opportunities in the health-care sector on the back of structural changes and long-term underperformance. It likes global real estate too, but points to potential risks in recovery.

Keywords (click to search): [Citi] [wealth management] [Aamir Rahim] [Debashish Dutta Gupta]

Leigh Powell
Strategists at US investment bank Citi have urged clients to capitalise on opportunities in the health-care sector in 2010.

They believe that structural changes and long-term underperformance have created potential value for investors, with health-care stock valuations the third cheapest among sectors on the S&P 500 index in terms of price-to-earnings.

“Health-care restructuring in the United States and China has the potential to add substantially to the global patient pool as insurance coverage broadens,” they stress.

“In terms of valuations, health-care stocks look fairly attractive, both in price-to-book value and...

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