CHG-BCH-BDMS Edge Higher as First Batch of Moderna Vaccine Will Arrive in Mid-October

Hospital stocks edged higher in the morning session of Thursday, September 16, ahead of the arrival of the first batch of Moderna’s Covid-19 vaccine in Thailand in mid-October.

As of 11:16 local time in Thailand, the share price of Chularat Hospital Public Company Limited (CHG) rose ฿0.18/share or 5.06% to ฿3.74/share, with a trading value of 303 million baht.

The share price of Bangkok Chain Hospital Public Company Limited (BCH) rose ฿1.00/share or 4.65% to ฿22.50/share, with a trading value of 403 million baht.

The share price of Bangkok Dusit Medical Services Public Company Limited (BDMS) rose ฿0.30/share or 1.34% to ฿22.70/share, with a trading value of 421 million baht.

DBS Vickers Securities (DBSVS) said that Zuellig Pharma Ltd. will start delivering roughly 300,000 doses of vaccine every week beginning in mid-October and continuing until March 2022, with the company confirming that the import is First Come, First Serve.

It is positive for medical or hospital stocks importing these vaccines. For example, BCH is expected to generate income from vaccines in 4Q21, prompting the company to raise its earnings prediction for 2021-22 upward by +28% and +4%, to reflect stronger-than-expected revenue and margins in 2Q21. DBSVS reiterates its “BUY” rating on BCH, with a target price of 29.50 baht.