CGSI says premium clinics in public hospitals pressure mid-tier private hospitals, recommends selling BCH and CHG

Analyst
โดย HoonSmart·Read original
Summary · why it matters

CGS International Securities Thailand analyzed that the opening of 16 premium clinics in public hospitals and specialized institutions to serve middle-income and foreign patients will increase pressure on private hospitals, especially mid-tier ones focusing on self-pay and health insurance patients. This will intensify price competition and marketing expenses, as well as lead to poaching of medical personnel and greater bargaining power for insurers. The research team cut earnings estimates and target prices for BCH, CHG, and RAM, downgrading BCH and CHG to sell while maintaining a hold rating on RAM. It highlighted BH and PR9 as top picks in the premium hospital segment, benefiting from medical tourism and having a high proportion of revenue from foreign patients.

Impact on stocks 5

Health Care± Mixed · 5 stocks
Bumrungrad Hospital PCL
BH
▲ PositiveDemandrelevance

CGSI highlights BH as a top pick benefiting from medical tourism and high proportion of foreign patients.

© 2026 MarketDXNews