Kaohoon Online has selected stocks with a high-growth potential for investors to consider on December 27, 2023.
Krungsri Securities (KSS) has given a “BUY” recommendation on Bangkok Chain Hospital Public Company Limited (SET: BCH) with a target price at ฿23.00/share.
KSS stated that BCH’s Social Securities Office (SSO) quota has been increased by 20% to 1.856 million persons in 2024, premised on capacity expansion and receiving the JCI award. This will lead to higher-than-assumed registrations at BCH group (expecting +2.5% YoY).
KSS sensitivity analysis suggested 3-6% upside to FY24F profit if SSO registrations increase by 5-10% YoY, plus 4% upside for offering online appointments and telemed services. There is further upside from a potential new SSO policy, which will benefit BCH.
Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on Bumrungrad Hospital Public Company Limited (SET: BH) with a target price at ฿232.00/share.
MST stated that the stock price underwent correction, declining by approximately -11% after a ‘Sell on Fact’ scenario following the 3Q23 budget report, surpassing the -3% decrease observed in the Hospitals sector. However, there is optimism for the 4Q23 operating results, with potential YoY expansion from an anticipated increase in foreign patients and a higher Revenue Intensity of treatment, contributing positively to the share price.
Positive signals emerged in Oct.- Nov. 2023, with an average of 45,200 Middle Easterners entering Thailand per month, marking a 56% YoY increase. Despite the rise in COVID-19 infections during this period, it is expected to support the operating results in 4Q23.
