On Monday at 10:50 AM (Bangkok time), the share price of Bumrungrad Hospital Public Company Limited (SET: BH) slumped by 9.62% or THB 20.50 to THB 192.50, with a trading value of THB 1.39 billion.
Yuanta Securities (Thailand) views the ongoing and escalating tensions in the Middle East as a negative sentiment for hospital stocks that rely on international patients. Should travel plans be postponed, hospital revenues will be impacted, particularly at BH, which derives more than 67% of its clients from overseas, with Middle Eastern patients accounting for the largest share at 18% of its total revenue.
This factor continues to pressure the company while uncertainty persists as to when the situation will be resolved.
Moreover, the share prices of Bangkok Dusit Medical Services Public Company Limited (SET: BDMS) and Praram 9 Hospital Public Company Limited (SET: PR9) also dropped by 2.30% and 2.58% to THB 21.20 and THB 18.90, respectively.
