2023-04-20 08:45:59
Stock dimension – Krungsri Securities revealed that the performance trend BDMS with profit expected in Q1/23 at 3.3 billion baht, an increase of 4%, supported by foreign patient income (+10% qoq). There are 15,000 patients on the waitlist and it is believed that BDMS performance will not be affected during Ramadan (22 March – 20 April). travel Hospitals in or near the border, including Phuket, Chiang Mai, Udon Thani and Pattaya, will grow higher than hospitals in residential areas.
main customers of BDMS is still in CLMV, Middle East and Australia. We expect revenue from Thai patients to increase slightly by 2% qoq, so revenue from international patients will account for 28% of total revenue, up from 27% in 4Q22. Expect EBITDA to increase 4% to Bt5.9bn and EBITDA margin to slightly increase to 24.3% from 24.2% in 4Q22 due to no bonus payments. First quarter net profit will account for 23% of our FY23F earnings forecast. BDMS will announce results on May 11.
The research department expects BDMS will see more revenue from Saudi Arabian, Bangladeshi and Chinese patients in 2H23 as it just reopens to new countries/markets BDMS partners with Ping An to offer healthcare services (via 11 COEs) to its customers 10.2 Ping An’s millionaires cater to a wide range of middle and high-end customers.
At the same time, what is remarkable for patients Covid-19 (XBB.1.16 or Arcturus) Rises Again The number of new infections soared to 435 between April 9-15 from 168 between April 2-8, accompanied by an outbreak of a new strain (XBB.1.16 or Arcturus). ), which infects faster than the original strain. Causing concerns that it may cause a new wave of the epidemic. However, it is too early to conclude that it is a new outbreak. Recommending “BUY” BDMS with a target price of 37.00 baht.
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