Most Healthcare Stocks Rally amid Market Sell-Off, with EKH-CHG Leading Gains

Most healthcare stocks rallied amid a massive market sell-off over recession fears, with EKH and CHG shares gaining more than 3%.

The share price of Ekachai Medical Care Plc. (SET: EKH) rose THB0.45/share or 6.21% to THB7.70/share, with a trading value of THB69 million.

The share price of Chularat Hospital Plc. (SET: CHG) rose THB0.12/share or 3.51% to THB3.54/share, with a trading value of THB242 million.

The share price of Bangkok Dusit Medical Services Plc. (SET: BDMS) rose THB0.25/share or 0.93% to THB27.70/share, with a trading value of THB1,940 million.

The share price of Bumrungrad Hospital Plc. (SET: BH) rose THB4.00/share or 2.33% to THB176.00/share, with a trading value of THB1,202 million.


In the midst of a harsh market sell-off fueled by inflationary pressures and recession fears, Trinity Securities recommends the Defensive theme, which includes 1) healthcare (BDMS, BCH, CHG, IMH), 2) consumer staples (CPALL, MAKRO, BJC), and 3) utilities (BGRIM, GPSC, GULF).


Meanwhile, Asia Plus Securities favors BH amid SET fluctuation, citing its solid earnings outlook after Thailand reopened. BH’s 1Q22 profit is expected to grow YoY and QoQ, driven by a rebound in Thai and foreign patient bases (especially fly-in).