2023-07-06 10:20:39
Stock news17:17, 2023-07-06
PHG closed the first day of trading at 16.30 baht, a decrease of 4.70 baht (-22.38%) from the IPO price of 21 baht, trading value of 2,243.37 million baht from the opening price of 19.80 baht, the highest price of 21.10 baht, the lowest price of 15.70 baht.
The price movement of PHG shares on the first day of trading on the SET continued to decline from the IPO price of 21 baht continuously among the Thai stock market index and foreign stock markets that fell in parallel.
KGI Securities (Thailand) stated that Phaet Rangsit Healthcare Group (PHG) Public Company Limited still has a direction for continued profit growth in the future following the IPO from the use of funding to expand the grant. Increased customer service and also saw a stronger financial position The appropriate price is estimated at 29 baht/share.
On the side of Krungsri Securities, PHG’s profit outlook is estimated to have an average growth of 21% per year from unlocking the outstanding demand of patients with non-urgent diseases, SSO adjusts the annual payment rate by 10.2%. since May 1, 2023 and the quota has increased 12.8% since the end of the year 24 and the capacity expansion OPD 24%, IPD 33%, dialysis center 114% and expanding new businesses such as Comprehensive Cancer Treatment Center, Rehabilitation Center and gynecological treatment center
The industry outlook is positive from the positive changes in the geography of Pathum Thani and its vicinity. It is a densely populated residential area and a continually expanding source of jobs. There are complete utilities. convenient transportation and not far from Bangkok Demographics are similarly positive. Thai people live longer. and an aging society making the disease more complex and chronic The expansion of urbanization and the rise of middle-income people. resulting in more quality medical needs The fair value is estimated at 29 baht/share.
By InfoQuest News Agency (06 Jul. ’23)
tags: PHG, Thai stock market, Thai stocks, Phaya Rangsit Healthcare Group
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