Phillip Sec. Expects IMH Earnings to Set New Record in 3Q and Keep that Pace in 4Q

Phillip Securities has given a “BUY” recommendation on Intermedical Care and Lab Hospital Public Company Limited (IMH) with a target price of 18.90 baht, anticipating profit to reach a new record of 160-170 million baht in the third quarter of 2021, and to maintain that pace in the fourth quarter of 2021.

Although revenue from COVID-19 testing services has slowed due to a decrease in infection cases, IMH continues to make income from treating yellow-red patients who need to be hospitalized constantly. IMH also continues to earn revenue from Sinopham vaccination services for corporate customers and the general public, as well as from Prachapat Hospital’s shared revenue. Additionally, IMH provides off-site ATK services for businesses and employees prior to entering the workplace.