Bangkok Dusit Med Service

Bangkok Dusit Med Service Plc (BGH)  
 

BGH’s purchase of a telemedicine robot should strengthen its upcountry network and increase referral businesses for its main hospitals in Bangkok. This will help boost its image as a leading hospital in Southeast Asia. We like BGH’s hub-and-spoke strategy and its long-term plan to cover all market segments. Our earning forecasts and Outperform rating are maintained with our target price still pegged to 20x forward P/E. BGH remains one of our top picks in the Thai market.