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Mental Health Stocks

  1. 550 Posts.
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    Doing a bit of thinking on mental health stocks on ASX...

    The two that I've looked into are below.. would be great if anyone else can chime in on other mental health stocks to additional comparison.

    2 companies tackling mental health and wellbeing & both these companies have ~12m MC.

    1) WOO
    - Predominantly focused on employee rewards & now pivoting in to mental health as per last quarterly update
    - They have some large names trialing their services: Disney etc

    2) MEB
    - Solely focused on mental health: AI based tech "looking at mental health objectively"
    - Range of solutions: Sleep Staging (FDA), Depressive Burden (FDA), Consumer App & Ilumen Corporate Health
    - Has CE mark of approval and awaiting FDA approval
    - Signed up Compass HQ and Compass Companies as potential client implementations (that's 600k employee potential!)

    Knowing the impact of Covid... mental health is definitely in the spotlight now.

    I find it bit absurd that both these companies have the same MC... even tho one seems far more superior.
    I've taken a punt on both... but MEB stands out by far.
 
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