October 22, 2021
October 27, 2021
The Insider: Meet the Fund Manager sessions are a great way to hear directly from leading fund managers. They share their approach to investing, favourite companies and their market view for the year ahead.
The Insider: Meet the CEO sessions feature a selection of company leaders who provide a succinct overview of big things their companies are doing.
The past two years have presented a challenge for everyone, and for many the time in lockdowns has led to a reassessment of their priorities.
For some, this has meant a renewed desire to start or grow their family.
Monash IVF CEO Michael Knaap said the pandemic has been a catalyst for would-be parents to reconsider their career and travel ambitions and instead start trying for a child.
It is one of a number of factors Mr Knaap said has driven an uptick in demand for his company’s service in the past 12 months.
Monash IVF saw its adjusted net profits after tax (NPAT) tick up 61.5% to $23.3 million for the 2021 financial year, spurred on by a more than 36.6% increase in stimulated cycle patients and a 12.9% bump in ultrasound scans.
The age of parental aspirants is also increasing, Mr Knaap said, with many people now chasing other life goals and leaving child birth until later in life – something that has also created greater demand for fertility services.
And as maternal ages increase, advances in technology are also improving fertility clinics’ success rates and by extension the value proposition of these services.
“There were some really strong IVF industry fundamentals,” Mr Knaap said. “But within that, we also grew our market share to 21%.”
OC Funds Management portfolio manager Rob Calnon described Monash IVF as a “market leader” in the industry, and noted growth in demand for these services makes the company a “classic reopening trade”.
“The people who use Monash IVF fertility services certainly consider them essential,” Mr Calnon said.
“And the period they were closed down [due to COVID restrictions] really just drove pent-up demand for their services once they were able to be accessed.”
Mr Calnon added that COVID has also compressed the time frames for many would-be parents to start a family, and the renewed focus on the value of family following the pandemic places Monash IVF in good stead for the future.
Click here to view more videos from Rob Calnon’s ‘Meet the Fund Manager’ session, or click here to view the full ‘The Insider: Meet the CEOs’ session.
The CEOs of all the companies chosen as Fund Manager favourite stocks are invited to present at our Meet the CEO series. Reach does not assume responsibility for the accuracy or completeness of any information provided, and the views expressed are not reflective of Reach Markets position.
Any advice contained within this presentation is general advice and does not consider your personal circumstance, you should consider whether it’s appropriate for you.
The information we are giving you is for educational purposes only. “Investing is about understanding your risk” and every time you invest in the share market there is a risk of loss.
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The CEOs of all the companies chosen as Fund Manager favourite stocks are invited to present at our Meet the CEO series. Reach does not assume responsibility for the accuracy or completeness of any information provided, and the views expressed are not reflective of Reach Markets position.
Any advice contained within this presentation is general advice and does not consider your personal circumstance, you should consider whether it’s appropriate for you.
The information we are giving you is for educational purposes only. “Investing is about understanding your risk” and every time you invest in the share market there is a risk of loss.