bullish
Bumrungrad Hospital Pub Co (BH TB): Flying High on Return of Medical Tourism
269 Views28 Aug 2022 18:27
SUMMARY
- Bumrungrad Hospital Pub Co (BH TB) reported strong Q2 2022 results, with revenue growth of 64% y/y, mainy driven by a 121% y/y increase in revenue from non-Thai patients.
- Despite international patient volume is recovering, it is still lower than pre-COVID levels. Non-Thai patients contributed 66.2% of total revenue in Q2 2019, higher than 62.3% reported for Q2 2022.
- Thailand targets 10 million foreign tourist arrivals this year, which should augur well for Bumrungrad.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Rising
Tina Banerjee
Global Healthcare Analyst
Price Chart(Sign Up to Access)
- Bumrungrad Hospital (BH TB): Robust Performance Across All Segments Drove Q2 Result17 Aug 2023
- Bumrungrad Hospital (BH TB): International Business Is Roaring Back; Greenfield Project Approved09 Jul 2023
- Bumrungrad Hospital Pub Co (BH TB): Robust International Business Push Revenue Above Pre-COVID Level02 Dec 2022
x