The share price of Chularat Hospital Public Company Limited (SET: CHG) fell by 5.73% or THB 0.18 to THB 2.96 per share, with a trading value of THB 289 million in late afternoon on Wednesday.
Krungsri Securities (KSS) noted that the profit outlook of CHG’s core business in 4Q23 is at THB 277 million, as the company’s gross profit margin decreased to 26% from 29% in the previous quarter. This could be because of a consecutive loss of THB 17 million from the recently opened Chularat Maesot Hospital and the declining economies of scale from IPD’s revenue, which has the highest gross profit margin.
Meanwhile, the company’s revenue will remain stable following the previous quarter, as there are patients with seasonal illness, including influenza, dengue fever, and hand foot and mouth disease, as well as revenue for being in risky condition from the Social Security Office (SSO).
