FINWIRES · TerminalLIVE
FINWIRES

Pro Medicus Growth Not Expected to Be Impeded by Artificial Intelligence, Jefferies Says

By

Pro Medicus' (ASX:PME) growth is not expected to be impeded by artificial intelligence, but at the current share price, the market seems to be assuming that the firm will have a market share of the US picture archiving and communication system (PACS) market of around 51% by fiscal year 2035, from 11%, according to a Thursday note by Jefferies.

The firm's Visage PACS demonstrates class-leading low latency, which continues to drive market share gains. Large data sets, a shift to the cloud, and low growth in radiologists in the US are industry drivers over the medium-term.

AI is more likely to enhance Visage's value proposition because of its server-side streaming architecture, enterprise imaging "one viewer" strategy, and its cloud partnerships.

The investment firm downgraded Pro Medicus to hold from buy and raised the price target to AU$192.60 per share from AU$147 per share.

Related Articles

Asia

Unisem (M) Gets Bourse's Nod to List Up to 161 Million Private Placement Shares

Unisem (M) (KLSE:UNISEM) received approval from Bursa Malaysia Securities Berhad to list and quote up to 161.3 million new shares under its proposed private placement, according to a Wednesday Malaysian bourse filing.Shares gained about 2% in Thursday's late morning trade.The shares represent up to 10% of the company's issued share capital.The approval is subject to customary conditions, including compliance with listing requirements and the exchange's approval conditions.

KLSE:UNISEM
Asia

POCO Applies to List on Hong Kong Bourse; Shares Up 3%

POCO Holding (SHE:300811) on Wednesday applied to issue H shares on the Main Board of the Hong Kong bourse.The listing is subject to approvals from Chinese and Hong Kong regulators, according to a Wednesday filing with the Shanghai bourse.Shares of the advanced materials manufacturer rose 3% in recent trade.

SHE:300811
Asia

NLC India, National Aluminium Sign JV for 1,080 MW Captive Thermal Power Project in Odisha, India

NLC India (NSE:NLCINDIA, BOM:513683) agreed to form a joint venture with National Aluminium (NSE:NATIONALUM, BOM:532234) to develop a 1,080 MW coal-based thermal captive power plant in Angul in Odisha, India, according to a Wednesday filing to the Indian stock exchanges.The 4×270 MW power plant will be set up to meet the captive power requirement of National Aluminium's 0.5 million tons per annum aluminium smelter expansion project.The joint venture, which will have equal equity participation from the two companies, will execute a fuel supply agreement with NLC India from its Machhakata coal mine or any other mines for 25 years.It will also sign a 25-year power purchase pact with National Aluminium for 100% offtake of power.

BOM:513683BOM:532234NSE:NATIONALUMNSE:NLCINDIA