BCH Gains 4%, Analyst Expects a Strong 1Q21 Driven by Covid-19, Revising Up TP to ฿23
BCH Gains 4%, Analyst Expects a Strong 1Q21 Driven by Covid-19, Revising Up TP to ฿23
The share price of Bangkok Chain Hospital Public Company Limited (BCH) rose ฿0.70/share or 4.22% to ฿17.30/share as of 15:22 local time in Thailand, with a trading value of 780 million baht.
Finansia Syrus Securities expected BCH’s 1Q21 earnings to grow 8% QoQ and 16% YoY driven by revenue from Covid-related services such as Covid-19 testing, medical care and Hospitel.
Thus revised up 2021-2022 earnings forecast growth to 11% YoY and 16% YoY, respectively, and upgraded target price to ฿23.00/share with “BUY” rating.
