Thai Health Care Stocks Edge Higher amid Sever Covid-19 Cases Surge

The Health Care Services Index (HELTH) increased 113.89 points or 2.03% to 5,732.95 points as of 12:15 local time in Thailand, led by Chiang Mai Ram Medical Business (CMR). The share price rose 0.28/share or 9.66% to ฿3.18/share, with a trading value of 128 million baht.

Followed by Srivichaivejvivat (VIH), the share price rose 0.60/share or 4.62% to ฿13.60/share, with a trading value of 82 million baht.

Praram 9 Hospital (PR9) rose 0.50/share or 4.50% to ฿11.60/share, with a trading value of 110 million baht.

Vibhavadi Medical Center (VIBHA) rose 0.10/share or 4.10% to ฿2.54/share, with a trading value of 617 million baht.

Bangkok Dusit Medical Services (BDMS) rose 0.60/share or 2.55% to ฿24.10/share, with a trading value of 1,563 million baht.

Ekachai Medical Care (EKH) rose 0.10/share or 1.37% to ฿7.40/share, with a trading value of 90 million baht.

According to Finansia Syrus Securities (FSS), hospital stocks have increased in response to the deteriorating situation of the Covid-19 outbreak.Today, the number of Covid-19 cases surpassed 7,000, lighting up the best period for accumulating hospital stocks. As a result, hospital stocks were able to outperform the market this morning.

FSS recommends “BUY” on Bangkok Dusit Medical Services (BDMS) (TP: 29 baht) and Ekachai Medical Care (EKH) (TP: 8.40 baht), citing that the worse the Covid-19 outbreak becomes, the healthier for the hospital stocks.