On Monday at 3:01 PM (Bangkok time), the share price of Bangkok Dusit Medical Services Public Company Limited (SET: BDMS) gained 1.59% or THB 0.30 to THB 19.20, with a trading value of THB 2.11 billion.
Finansia Syrus Securities (FSS) noted that BDMS may experience sluggish profit momentum in the second quarter of 2026, with earnings likely softening both quarter-on-quarter and year-on-year. This is attributed to the low season and a temporary slowdown in international patient arrivals.
However, the brokerage views Q2 profits as the bottom for the year, expecting a more pronounced recovery in the second half of 2026 as the high season approaches and international patient volumes gradually return.
Since the onset of the Middle East tensions, the SET Index has already recovered to levels above those seen before the conflict. In contrast, BDMS remains 13% below its pre-war level, suggesting potential for the stock to gradually recover as a laggard play.
Following these, Finansia maintains a ‘Buy’ recommendation on BDMS, with a target price of THB 28.75 per share.
