June 25, 2025

(THE AUSSIE HEALTHCARE SECTOR IS ONE TO WATCH)

June 25, 2025

Hello everyone

Ponder for a moment. What sector has been sitting quietly on the ASX?

You would be right if you said Healthcare.

UBS confirms that healthcare stocks are the cheapest they have been in 10 years.

This follows three years of earnings downgrades.

UBS now believes that healthcare offers the best EPS growth of all ASX sectors, with an expected increment of almost 20% in the 2025-26 year.

The S&P/ASX 200 healthcare index has fallen 5% over the past 12 months and is down 7% year to date.

In contrast, the broader ASX200 index looks to be finishing the year around 9% higher.

The investment bank has seen investor sentiment toward healthcare cool over the past year, with some marked deterioration seen across many stocks.

Cochlear (ASX: COH) is one stock that has seen investor apathy build over the last year. UBS has upgraded Cochlear to a ‘buy’ for the first time since 2011.

ResMed (ASX: RMD) and Telix Pharmaceuticals (ASX: TLX) are also favourites of the investment bank.

(COH) monthly chart

(TLX) weekly chart

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QI CORNER

Scott Hein (Emeritus Professor of Finance, Texas Tech University)