Hospital stocks rose to lead the market, with BCH surging 4.35% to 12.00 baht, RJH up 3.29% to 15.70 baht, CHG up 1.88% to 1.63 baht, BH up 0.80% to 189.00 baht, and BDMS up 0.53% to 19.10 baht. Analysts at KGI Securities (Thailand) expect BCH's third-quarter 2026 profit to remain strong at 376 million baht, up 8.2% year-on-year and 9.5% quarter-on-quarter, with no extraordinary items. If achieved, this would represent 28.2% of the full-year profit forecast of 1.33 billion baht, up 1.3% year-on-year, and would put the nine-month 2026 forecast net profit at 74.0% of the full-year figure. The results are driven by a higher number of Thai and foreign patients during the peak medical treatment period. Third-quarter 2026 revenue is expected to rise 8.0% year-on-year and 9.9% quarter-on-quarter, while the gross margin is forecast at 28.8%, up from 27.6% in the third quarter of 2025 and 28.7% in the second quarter of 2026. The SG&A-to-sales ratio is expected at 13.5%. The company maintains its 2026 profit forecast at 1.33 billion baht and its 2027 forecast at 1.41 billion baht. It views that if the Social Security Office raises the per-head capitation rate by 10%, it would boost 2027 profit by a further 10.2%. The company has scheduled its results announcement for October 24, 2026, and maintains a buy recommendation with a 2027 forecast DCF-based target price of 12.50 baht.
Bangkok Chain Hospital Public Company LimitedKGI expects BCH's Q3 2026 profit to stay strong at 376 million baht, up 8.2% YoY, with a buy rating and 12.50 baht target price.
Bumrungrad Hospital PCL
Chularat Hospital Public Company Limited
Rajthanee Hospital Public Company Limited
