Smith & Nephew: Ready To Reap Demographic, Turnaround Dividends
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Smith & Nephew's Q3 results caused a 13% share price drop due to reduced FY24 guidance, primarily from lower demand in China. Despite short-term challenges, the company's long-term fundamentals remain strong, with a 12-point plan to boost growth and margins.
November 10, 2024 | 6:15 pm
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Smith & Nephew's shares fell 13% after Q3 results due to reduced FY24 guidance, mainly from lower demand in China. The company has a 12-point plan to improve growth and margins, focusing on orthopedics and advanced wound management.
The 13% drop in share price reflects immediate market reaction to reduced FY24 guidance. However, the company's long-term strategy and fundamentals suggest potential recovery, making it a possible buying opportunity at lower prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100