On Wednesday at 11:50 AM (Bangkok time), the share price of Bumrungrad Hospital Public Company Limited (SET: BH) rose by 3.03% or THB 5.00 to THB 170.00, with a trading value of THB 1.10 billion.
Krungsri Securities (KSS) has assessed the fair value of BH at THB 170.00 per share, citing expectations of positive catalysts should the Middle East conflict ease. BH derives the highest proportion of its revenue from patients in the Middle East, accounting for approximately 25% of total income.
For the first quarter of 2026, Krungsri estimates that BH’s normalized profit will reach around THB 1.83 billion, which represents a 4% decrease quarter-on-quarter but a 5% increase year-on-year. The annual growth is supported by stronger revenue and margin expansion, driven by an economic recovery in the Middle East during January and February. However, these positive effects were partly offset by instability in the region during March.
Additionally, there is potential for an extra positive factor in the form of a special dividend payment. The forecast for the regular dividend stands at around THB 5 per share.
