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Bumrungrad Hospital Public Company Limited: 1 director
A director at Bumrungrad Hospital Public Company Limited sold 95,000 shares at 206.000THB and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ove...
- Benjaphol Suthwanish
Bumrungrad Hospital (BH TB) - 3Q24: Disappointing Earnings Despite Hig...
BH reported a net profit of Bt1.96b in 3Q24 (+0.0% yoy, +1.2% qoq) which disappointed the market due to lower-than-expected revenue. Revenue from both Thai and foreign patients declined yoy. We believe that in the long term, BH still has strong fundamentals as construction of its new hospital in Phuket has already started and capacity expansion at the main campus is underway. Maintain BUY. Target price: Bt303.00.
- Arsit Pamaranont
- Benjaphol Suthwanish
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Tanaporn Visaruthaphong
Thailand Daily - Friday, November 08, 2024
KEY HIGHLIGHTS Results Bangchak Corporation (BCP TB/BUY/Bt33.00/Target: Bt45.00) 3Q24: Earnings hurt by weaker GIM and inventory loss Bangchak Sriracha (BSRC TB/BUY/Bt7.10/Target: Bt9.00) 3Q24: Results better than expected. Berli Jucker (BJC TB/BUY/Bt23.40/Target: Bt28.00) 3Q24: Earnings in line; expect 4Q24 EBIT to continue to improve yoy. Bumrungrad Hospital (BH TB/BUY/Bt262.00/Target: Bt303.00) 3Q24: Di...
- Arsit Pamaranont
- Bella Lu Yifei
- Benjaphol Suthwanish
- Desmond Chong Chee Wai
- Jack Goh Tooan Orng
- Johnny Yum
- Jonathan Koh
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Ken Lee
- Kong Ho Meng
- Shirley Wang Xueyi
- Stella Guo Yuting
- Stevanus Juanda
- Tham Mun Hon
Regional Morning Notes: Friday, November 08, 2024
GREATER CHINA Economics Trade Surprising beat on exports. Sector Automobile Weekly: Trump’s tariff to reshape China automobile supply chain. Maintain MARKET WEIGHT. Top BUYs: Geely, CATL, Fuyao Glass and Desay SV. Results Galaxy Entertainment Group (27 HK/BUY/HK$36.35/Target: HK$46.00) 3Q24: EBITDA decline due to higher reinvestmen...
BCP THE BANGCHAK PETROLEUM PCL
300014 EVE ENERGY CO. LTD. CLASS A
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
D05 DBS GROUP HOLDINGS LTD
CTRA CIPUTRA DEVELOPMENT
BBRI PT BANK RAKYAT INDONESIA (PERSERO) TBK CLASS B
ITMG INDO TAMBANGRAYA MEGAH
00027 GALAXY ENTERTAINMENT GROUP LIMITED
7160 PENTAMASTER CORP. BHD
BH BUMRUNGRAD HOSPITAL PUBLIC CO. LTD.
EGH EUREKA GROUP HOLDINGS
INCO VALE INDONESIA
M3I MINTH GROUP LIMITED
BSDE PT BUMI SERPONG DAMAI TBK
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
ACES PT ACE HARDWARE INDONESIA TBK
ASII PT ASTRA INTERNATIONAL TBK
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
G13 GENTING SINGAPORE LIMITED
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
DLG DIALOG GROUP BHD
LPN LPN DEVELOPMENT PCL
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
BBTN BANK TABUNGAN NEGARA PERSERO TBK PT
BBNI BANK NEGARA INDONESIA PERSER
GOTO GOJEK TOKOPEDIA TBK PT
CMRY PT CISARUA MOUNTAIN DAIRY TBK
BCOW 1895 BANCORP OF WISCONSIN INC
Z29 029 GROUP SE
02015 LI AUTO INC
600699 JOYSON ELECTRONICS CORP
ADROIJ ADARO ENERGY
- Benjaphol Suthwanish
Bumrungrad Hospital (BH TB) - The Strongest Quarter In 2024 Is Ahead O...
BH’s operations have surpassed pre-COVID-19 levels with ease, and continue to grow. Going forward, growth will be bolstered by capacity expansion at the main campus and the new hospital in Phuket as well as the strong arrival of Middle East patients. We are positive that BH could see a strong performance in 3Q24, driven by the rainy season in Thailand and Middle Eastern patients having finished their Ramadan fasting period. Upgrade to BUY. Target price: Bt303.00.
- Benjaphol Suthwanish
- Thailand Research Team
Thailand Daily - Tuesday, October 01, 2024
KEY HIGHLIGHTS Strategy China’s Stimulus Boosts Sentiment For China-Related Companies F&B, agriculture and petrochem are the top beneficiaries but we see better upside and opportunities for hotel and tourism. Update Bumrungrad Hospital (BH TB/BUY/Bt270.00/Target: Bt303.00) The strongest quarter in 2024 is ahead of us. Upgrade to BUY.
- Adrian Loh Tzum Yung
- Benjaphol Suthwanish
- Keith Wee Teck Keong
- Kitpon Praipaisarnkit
- Kong Ho Meng
- Malaysia Research Team
- Paula Ruth
- Singapore Research Team
- Thailand Research Team
- Vincent Khoo Boo Aik
Regional Morning Notes - Tuesday, October 01, 2024
INDONESIA Sector Telecommunications: Telcos’ mobile data revenue could grow 7% yoy; maintain OVERWEIGHT. MALAYSIA Strategy China Economic Recovery Beneficiaries: Hopes of China’s major fiscal stimulus and economic recovery may provide further trading opportunities for Malaysian beneficiary stocks. Sector Banking: Loan growth slowed down to 6.0% from 6.4% in Aug 24. The absence of strong earnings catalyst has prompted us to maintain MARKET WEIGHT. Results Yinson (YNS MK/BUY/RM2.68/Target: RM3.90...
- Adrian Loh Tzum Yung
- Arsit Pamaranont
- Bella Lu Yifei
- Jonathan Koh
- Kate Luang
- Ken Lee
- Paula Ruth
- Philip Wong
- Singapore Research Team
Regional Morning Meeting Notes: Thursday, July 04, 2024
GREATER CHINA Strategy Small-Mid Cap Monthly Reiterate BUY on Plover Bay Technologies. Sector Automobile Weekly: Sales of top 12 EV brands up 38% wow last week, in line. Maintain MARKET WEIGHT. Top BUYs: Geely, CATL and Tuopu. Top SELL: XPeng. INDONESIA Update Sarana Menara Nusantara (TOWR IJ/BUY/Rp745/Target: Rp890) Number of towers to jump 10% on a...
300014 EVE ENERGY CO. LTD. CLASS A
G13 GENTING SINGAPORE
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
5225 IHH HEALTHCARE BHD.
S63 SINGAPORE TECHNOLOGIES ENGINEERING LTD
544 CSE GLOBAL LTD.
D05 DBS GROUP HOLDINGS LTD
U11 UNITED OVERSEAS BANK LTD. (SINGAPORE)
V03 VENTURE CORPORATION LIMITED
U96 SEMBCORP INDUSTRIES LTD.
B8O YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
TOWR PT SARANA MENARA NUSANTARA TBK
ALPHA ALPHA BANK AE
BH BUMRUNGRAD HOSPITAL PUBLIC CO. LTD.
Z74 SINGAPORE TELECOMMUNICATIONS LIMITED
O39 OVERSEA-CHINESE BANKING CORPORATION LIMITED
M3I MINTH GROUP LIMITED
BN4 KEPPEL CORPORATION LIMITED
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
BCH BANGKOK CHAIN HOSPITAL PCL
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
SPRC STAR PETROLEUM REFINING
VALUE VALUE8 N.V.
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
327 PAX GLOBAL TECHNOLOGY
FEHT FAR EAST HOSPITALITY TRUST
KPJ KPJ HEALTHCARE BERHAD
MINT MAPLETREE INDUSTRIAL TRUST
RFMD RAFFLES MEDICAL GROUP LTD
TXG 10X GENOMICS INC CLASS A
DBB DUOPHARMA BIOTECH BHD
TGIF 1933 INDUSTRIES
1772 PAX GLOBAL TECHNOLOGY LTD
FRKN GANFENG LITHIUM CO. LTD. CLASS H
300750 FRENCKEN GROUP LTD
3606 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
603305 FUYAO GLASS INDUSTRY GROUP CO LTD-H
MPM NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 MARCO POLO MARINE LTD
CLI HUIZHOU DESAY SV AUTOMOTIVE CO LTD
2232 CAPITALAND INVESTMENT LTD
Z29 CRYSTAL INTERNATIONAL GROUP LTD
02015 029 GROUP SE
09868 LI AUTO INC
600699 XPENG INC
1523 NINGBO JOYSON ELECTRONIC CORP
PLOVER BAY TECHNOLOGIES LTD (1523 HK)
- Jacquelyn Yow Hui Li
- John Cheong Ming Chern
- Johnny Yum
- Johnny Yum Chung Man
- Kate Luang
- Kelvin Chau Siu Pong
- Leow Huey Chuen
- Llelleythan Tan Tan
- Stevanus Juanda
- Tham Mun Hon
- Waritthorn Kaewmuang
- Ziv Ang Sze Champ
Regional Morning Notes - Tuesday, July 11, 2023
GREATER CHINA Economics Inflation: Disinflation continues but a turnaround likely in near future. Strategy Small-Mid Cap Biweekly: Eyeing stimulus for home furnishing consumption; beneficiaries are ZBOM Home Collection Co and Man Wah Holdings. Sector Commodities: Weekly: Economic data surprises on the downside; production restrictions to ease inventory pressure. INDONESIA Strategy Feedback On Inflation-linked Investment Opportunities: Our top picks: Banking − BBNI, BBTN, BTPS; consumer − MYOR, ...
- Waritthorn Kaewmuang
Bumrungrad Hospital (BH TB) - Expect 2Q23 Results To Soften qoq On Sea...
We expect BH’s 2Q23 earnings to soften qoq mainly due to seasonality and rising staff costs, despite limited downside following the rebound in patient numbers from the Middle East in May-Jun 23. We are optimistic in 3Q23 as 3Q is the high season, but remain cautious due to limited incremental bed capacity, intense competition and lower oil prices. Maintain HOLD. Target price: Bt235.00.
- Waritthorn Kaewmuang
- Waritthorn Kaewmuang
Bumrungrad Hospital (BH TB) - Decelerating Growth As The Recovery Has ...
We expect BH’s growth in the rest of 2023 to falter as the hospital is currently operating close to full capacity, with a possibility of a slight slowdown in 2Q23. BH has announced plans to construct Bumrungrad International Hospital Phuket as a new campus, but the details are not fully disclosed and a few years are required for the new projects to materialise. Maintain HOLD. Target price: Bt235.00.
- Benjaphol Suthwanish
- Kampon Akaravarinchai
- Tanaporn Visaruthaphong
- Waritthorn Kaewmuang
Thailand Daily - Monday, May 08, 2023
KEY HIGHLIGHTS Sector Media 1Q23 results preview: Cloudy outlook has not faded. Results Thai Union Group (TU TB/BUY/Bt13.60/Target: Bt17.00) 1Q23: Lower than expected; 2Q23 earnings expected to improve qoq. Update Bumrungrad Hospital (BH TB/HOLD/Bt243.00/Target: Bt235.00) Decelerating growth as the recovery has already beaten the pre-COVID-19 level. CP ALL (CPALL TB/BUY/Bt64.25/Target: Bt78.00) We expect the Cambodian market to be CPALL’s long-term upside driver. PTT (PTT TB/BUY/Bt30.50/Tar...
- Ariel Poh Yun Li
- Heidi Mo Jinghui
- John Cheong Ming Chern
- Johnny Yum Chung Man
- Kampon Akaravarinchai
- Kong Ho Meng
- Limartha Adhiputra
- Tanaporn Visaruthaphong
- Waritthorn Kaewmuang
Regional Morning Notes - Monday, May 08, 2023
GREATER CHINA Update Xiaomi Corp (1810 HK/HOLD/HK$11.16/Target: HK$11.10): 1Q23 results preview: Margin expansion to more than offset decline in shipments. INDONESIA Results Indocement Tunggal Prakarsa (INTP IJ/BUY/Rp10,000/Target: Rp13,500): 1Q23: NPAT in line with expectations; improvement in margins. MALAYSIA Results Westports Holdings (WPRTS MK/HOLD/RM3.48/Target: RM3.80): 1Q23: Core profit was in line, owing to above-peers container volume growth. Cost upside was well contained. SINGAPOR...
- Waritthorn Kaewmuang
Bumrungrad Hospital (BH TB) - 1Q23: Marginal Earnings Beat On Robust R...
BH posted a slight earnings beat in 1Q23 from robust patient demand since 2022. Although margins continue to be strong, a scenario of another consecutive positive qoq earnings growth remains uncertain, which can limit the upside given demanding valuation. Maintain HOLD. Target price: Bt235.00.
- Kasemsun Koonnara
- Kochakorn Sutaruksanon
- Waritthorn Kaewmuang
Thailand Daily - Friday, April 28, 2023
KEY HIGHLIGHTS Sector Hotel 1Q23 earnings preview: Hotels in rural Thailand have the most outstanding performance. Property 1Q23 results preview: Earnings to decrease yoy and qoq. Results Bumrungrad Hospital (BH TB/HOLD/Bt241.00/Target: Bt235.00) 1Q23: Marginal earnings beat on robust revenue.
- Adrian Loh Tzum Yung
- Jonathan Koh
- Julia Pan Mengyao
- Kasemsun Koonnara
- Keith Wee Teck Keong
- Ken Lee
- Kochakorn Sutaruksanon
- Philip Wong
- Stevanus Juanda
- Vincent Khoo Boo Aik
- Waritthorn Kaewmuang
- Ziv Ang Sze Champ
Regional Morning Notes - Friday, April 28, 2023
GREATER CHINA Results BYD Company (1211 HK/BUY/HK$236.00/Target: HK$590.00): 1Q23: Results miss on forex loss. Maintain BUY. Target price: HK$590.00. Xinjiang Goldwind (2208 HK/HOLD/HK$6.56/Target: HK$7.40): 1Q23: Below expectations; earnings boosted by wind farm disposal. Update KE Holdings Inc (2423 HK/BUY/HK$40.90/Target: HK$62.00): 1Q23 results preview: Resilient recovery at home brokerage business. INDONESIA Results Unilever Indonesia (UNVR IJ/BUY/Rp4,400/Target: Rp5,700): 1Q23: Recovery i...
U11 UNITED OVERSEAS BANK LTD. (SINGAPORE)
002594 BYD COMPANY LIMITED CLASS A
UNVR PT UNILEVER INDONESIA TBK
BH BUMRUNGRAD HOSPITAL PUBLIC CO. LTD.
7153 KOSSAN RUBBER INDUSTRIES BHD.
GENM GENTING MALAYSIA BHD
2202 XINJIANG GOLDWIND SCIENCE&TECHNOLOGY
CLAS CAPITALAND ASCOTT TRUST
2423 KE HOLDINGS INC - A
- Adrian Loh Tzum Yung
- Damon Shen
- Jessie Guo Yuting
- Jieqi Liu
- Jo Yee Ng
- Julia Pan Mengyao
- Ken Lee
- Kong Ho Meng
- Philip Wong
- Posmarito Pakpahan
- Sabrina Soh
- Waritthorn Kaewmuang
- Zhifeng Shen
Regional Morning Notes - Friday, March 31, 2023
GREATER CHINA Results China Construction Bank (939 HK/BUY/HK$5.07/Target: HK$6.06): 2022: Results in line; expect NIM compression to continue in 2023. China Mengniu Dairy (2319 HK/BUY/HK$32.60/Target: HK$39.30): 2022: Results below expectations; upbeat on future margin expansion. Ganfeng Lithium (1772 HK/SELL/HK$49.45/Target: HK$35.00): 4Q22: Earnings missed our estimates; maintain SELL. Guangzhou Automobile Group (2238 HK/SELL/HK$4.99/Target: HK$4.00): 4Q22: Results grossly missed estimates. Ma...
EZQ CHINA MENGNIU DAIRY CO. LTD.
5218 SAPURA ENERGY BHD
600519 KWEICHOW MOUTAI CO. LTD. CLASS A
BH BUMRUNGRAD HOSPITAL PUBLIC CO. LTD.
601939 CHINA CONSTRUCTION BANK CORPORATION CLASS A
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
SMM SEMBCORP MARINE LTD
MNHB MYNEWS HOLDINGS BHD
2013 WEIMOB INC
2460 GANFENG LITHIUM
6049 POLY PROPERTY SERVICES CO LTD
- Waritthorn Kaewmuang
Bumrungrad Hospital (BH TB) - 1Q23 Earnings To Drop Slightly qoq; Stil...
We expect BH to post a small qoq drop in 1Q23 net profit, but it is still robust compared to pre-COVID-19 levels due to the persistent demand from international patients. Although BH is expected to have a good year in 2023, the market is believed to have factored in the positive expectations while a small setback in patient volume is likely in 2Q23. Maintain HOLD. Target price: Bt229.00.
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