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Stock Of The Week March 5

The Australian Stock Reports stock of the week is Ramsay Health Care (RHC).

Ramsay Health Care is Australias largest private hospital operator, with roughly 30% of the market.

RHCs recent FY profit upgrade to guidance of 18%-20% growth from previous guidance for a rise of 12%-14% is a sign that its Australian business is performing well and that its UK operations have benefited from inner cost restructuring.

Ramsay Health Care has confirmed that its Australian operating performance has been slightly ahead of expectations and overall interest costs have been lower than expected. This is due to proactive interest rate management.

RHC has an impressive portfolio of assets and is operating in the defensive healthcare industry, arguably the most immune from global bear market movements. During market volatility, stocks to watch are usually in defensive sectors.about the author