Equity Analysis /

TH : Bangkok Chain Hospital - Most active in conducting Covid-19 tests

    Kasem Prunratanamala
    Kasem Prunratanamala

    Head of Thailand Research

    16 April 2021
    Published by

    We expect BCH to conduct 180,000 Covid-19 tests in 2Q21F, which should form 18% of its 2Q21F revenue. We believe BCH made THB312m core net profit in 1Q21F, up 21% yoy and 12% qoq. We reiterate our Add call with a THB18 target price (32.6x FY22F P/E, -0.5 s.d.).