Analyst Pin-board TNH – Expected to build a new hospital with a total investment of nearly USD 30 million
- In the first half of 2022, revenue and NPAT reached VND 207 billion (+13% YoY) and VND 54 billion (+9% YoY), completing 48% and 36% of the annual plan, respectively. In 1H2022, the total number of visits to two hospitals reached about 200,000 and is expected to be about 400,000 by the end of the year. The number of health insurance cards registered for medical examination increased from about 30,000 in 2021 to 80,000 cards in 2022.
- TNH plans to build a new general hospital in Viet Yen district and two specialized eye and obstetric hospitals with a total investment of VND 618 billion, VND 165 billion and VND 330 billion, respectively. To balance capital, the company will focus its resources on building Viet Yen general hospital in 2023, it is expected that by October 2022, the company will be able to complete the construction permit for Viet Yen hospital and be able to operate from Q4/2023.
- Thai Nguyen International Hospital is located in a dense area but we find that the hospital has many strengths to attract people to medical examination and treatment: (1) modern and clean facilities, (2) services at private hospitals can save more time than at public hospitals, (3) people with health insurance will be entitled to 100% payment even if they are at the inappropriate hospital.
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