Hospital stocks moved higher in unison, with Bangkok Chain Hospital, or BCH, standing at 11.90 baht, up 0.40 baht, or 3.48%, on trading value of 132.34 million baht. Rajthanee Hospital, or RJH, was at 15.80 baht, up 0.60 baht, or 3.95%. Chularat Hospital, or CHG, was at 1.64 baht, up 0.04 baht, or 2.50%. Bumrungrad Hospital, or BH, was at 190.50 baht, up 3.00 baht, or 1.60%. And Bangkok Dusit Medical Services, or BDMS, was at 19.20 baht, up 0.20 baht, or 1.05%. Meanwhile, KGI Securities (Thailand), or KGI, estimates BCH's net profit for the third quarter of 2026 at 376 million baht, up 8.2% from the same period a year earlier and up 9.5% from the previous quarter. It expects revenue to grow 8.0% year on year and 9.9% quarter on quarter, and forecasts the gross margin rising to 28.8% from 27.6% in the third quarter of 2025 and 28.7% in the second quarter of 2026. KGI said BCH is one of the main beneficiaries of the Social Security Office's increase in the per-head capitation rate, and that a 10% increase would add roughly 10.2% upside to its 2027 profit forecast, with a final meeting to conclude the matter set for October 24, 2026. KGI maintained its 2026 net profit forecast at 1.33 billion baht, up 1.3%, and its 2027 forecast at 1.41 billion baht, up 6.0%. It also maintained its Buy recommendation and its 2027 DCF-based target price of 12.50 baht, using a WACC of 8.5% and terminal growth of 1%.
Bangkok Chain Hospital Public Company LimitedKGI maintains Buy and 12.50 baht target, forecasting Q3 2026 profit up 8.2% y/y with rising gross margin.
Bumrungrad Hospital PCL
Chularat Hospital Public Company Limited
Rajthanee Hospital Public Company Limited
