Amid uncertainties across the globe on Russia and Ukraine war that sent energy prices to skyrocket and later a rise in inflation as an aftermath, investors are considering decreasing positions in risk assets such as stocks. However, some stocks are considered a safe haven for traders such as hospital stocks.
Covid-19 is still ravaging the kingdom due to the highly contagious omicron variant, though, proved to have mild symptoms. The country recorded an average of more than 20,000 cases in the past seven days, but the cases are expected to spike after the Songkran Festival, a 5-day-long holiday during 13-14 April in which Thais are pouring and splashing water on each other, which could boost positive sentiment to hospital stocks from Covid-related revenue.
Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities Co., Ltd., has recommended five hospital stocks with an upside to their target prices.
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According to the data compiled from Refinitiv, all of the above stocks except RJH have been performing outstanding so far this year. BCH, CHG and SKR all recorded more than 11% gain this year, followed by LPH at 2.5% and RJH at -1.5%.