0721 GMT - Bangkok Dusit Medical Services is a pick for stability in Thailand's healthcare sector, Thanachart Securities' Siriporn Arunothai says in a research report. One factor is that the company's hospital portfolio covers mid- and high-income segments, which makes it less vulnerable to slower economic growth, the analyst says. Another is that the hospital network operator has 28% exposure to foreign patient revenue, which is growing more rapidly than Thai patient revenue, the analyst says. A third factor is that its foreign patient base is diversified, implying smaller impact from any declines in Kuwaiti patient flows. The brokerage maintains the stock's buy rating and target price of THB34.00. Shares are 0.4% lower at THB23.50. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 03:21 ET (07:21 GMT)
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