Brokerages have raised their profit estimates for Bangkok Dusit Medical Services (BDMS) for 2026-2028 by 7-9% and increased the target price to 24.50 baht from 23 baht, while also raising the 2026 dividend per share forecast to 0.81 baht. Analysts at Tisco Securities noted that hospital revenue in August grew 10% year-on-year, supported by growth in international patients, recovery in domestic patients, and the COVID-19 outbreak. They expect third-quarter 2026 revenue to hit a new record high of 30 billion baht. Even including the capital expenditure for the WellEra project from 2026 to 2029, the current dividend payout ratio still leaves room to increase DPS over the next 2-3 years, supported by higher profit estimates and improved EBITDA margins.
Bangkok Dusit Medical Services Public Company LimitedBrokerages raised BDMS 2026-2028 profit forecasts 7-9% and lifted the target price to 24.50 baht from 23 baht.
