On Thursday at 10:03 AM (Bangkok time), the share price of Bangkok Chain Hospital Public Company Limited (SET: BCH) rose by 2.60% or THB 0.40 to THB 15.80, with a trading value of THB 86.98 million.
At 11:03 AM (Bangkok time), Vibhavadi Medical Center Public Company Limited (SET: VIBHA) increased by 1.90% or THB 0.04 to THB 2.14, with a trading value of THB 807,820.
Chularat Hospital Public Company Limited (SET: CHG) surged by 1.59% or THB 0.04 to THB 2.56, with a trading value of THB 29.78 million.
Yuanta Securities (Thailand) reported that the Department of Disease Control (DDC) was alerted to a suspicious case of a potential monkeypox clade 1 patient, a 66-year-old European male who traveled from Africa to Thailand on August 14-15, 2024.
Following the development, the analyst is monitoring hospital stocks, particularly recommending an attractive stock like BDMS and a rebounding stock such as BCH with a target price of THB 36.20 and THB 21.80 per share, respectively, anticipating robust growth in the second half of 2024.
Additionally, KGI Securities noted that BCH, which had previously underperformed due to the SSO medical service fees reduction, is expected to see a quarterly earnings recovery in 3Q24, driven by a peak season period, and a 12% compound annual growth rate (CAGR) in profits for the fiscal year 2024-25.
