On Monday, the share price of Bumrungrad Hospital Public Company Limited (SET: BH) in the morning session closed at THB 148.00, a THB 4.50 or 3.14% increase with a total trading value of 3,969.65 million.
CGS International Securities (Thailand) stated that investors are overly concerned about the impact of co-payment policy, given that BH is currently valued at a level similar to the period of the global financial crisis in 2008.
The recommendation has been upgraded from “Hold” to “Buy” at the unchanged target price of THB 178 (P/E ratio of 20x for fiscal year 2027, -1.5SD from the 10-year average). (Take profit: THB 145.50 / Stop loss: THB 142.00)
