Thailand’s hospital stocks extended gains in the afternoon session, as the country’s COVID-19 infection has reached alarming levels, with daily cases from both RT-PCR and ATK tests over 30,000.
At 15.30 hrs. local time in Thailand, the share price of Chularat Hospital Public Company Limited (SET: CHG) rose THB0.26/share or 7.98% to THB3.52/share, with a trading value of THB898 million.
The share price of Thonburi Healthcare Group Public Company Limited (SET: THG) rose THB3.00/share or 6.82% to THB47.00/share, with a trading value of THB117 million.
The share price of Bangkok Chain Hospital Public Company Limited (SET: BCH) rose THB0.90/share or 4.79% to THB19.70/share, with a trading value of THB1,480 million.
The share price of Vibhavadi Medical Center Public Company Limited (SET: VIBHA) rose THB0.08/share or 3.48% to THB2.38/share, with a trading value of THB75 million.
KTBST Securities forecasts hospitals’ profitability to stay solid over the next two quarters, since the number of COVID-19 cases in Thailand keeps rising. Additionally, the Ministry of Public Health warned on Monday of the possibility of upgrading the COVID-19 alert to level 4 as the outbreak becomes more worrying. Significantly, this will bolster traders’ sentiments for reinvesting in hospital stocks.
