BCH Gains Nearly 3% as Analysts Expect Covid-19 Tests to Boost 1Q21 Earnings

The share price of Bangkok Chain Hospital Public Company Limited (BCH) rose ฿0.40/share or 2.74% to ฿15.00/share as of 11:30 local time in Thailand on Thursday with a trading value of 253 million baht. The highest price up to this point was ฿15.10/share and the lowest was ฿14.80/share.

 

Krungsri Securities (KSS) has given a “BUY” recommendation on BCH at a target price of ฿20.00/share, expecting 1Q21 earnings at 330 million baht, an increase of 19% QoQ and 27% YoY from Covid-19 tests up to 120,000 tests in 1Q21.

 

Phillip Securities (Thailand) expected the new cluster and more new Covid-19 cases to boost BCH’s earnings. Meanwhile, the security company pointed out an outstanding 1Q21 growth in revenue from 120,000 Covid-19 tests.