Thai Healthcare Sector Unlikely to be Impacted by Floods
Dow Jones
Oct 06
0206 GMT - Thai healthcare companies' earnings are unlikely to be largely weighed by recent floods in some areas, says Maybank Securities' Nontapat Sahakitpinyo in a note. Share prices of Hospital operators in the country declined 1%-6% since Sept. 25 on concerns that floods would affect operations, but the companies didn't face asset damage or internal flooding, he says, citing its own checks with the hospitals. The analyst expects a strong flu season to support the sector's core profit, which is estimated to rise 8% on year in 3Q. Maybank's top sector picks are Bumrungrad Hospital and Chularat Hospital, and it has buy ratings on both companies.
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