Thai Hospital 2025: Which one leads the team to satisfy investors

Entering the year 2568, the Thai healthcare stock market is becoming a focal point for forward-looking investors. Although the overall market fluctuates, good hospital stocks remain resilient, gradually moving upward steadily. This is why investors see these stocks as a long-term wealth accumulation destination.

Why Hospital Stocks Are a Good Solution

The healthcare business is something people need regardless of economic conditions, making this group a Defensive Stock with steady income. Once initial investment costs are covered, cash flow continues from patients and clients. As a result, hospitals can quickly recoup their investments and maintain strong financial positions.

Additionally, the aging society, emergence of new diseases, and high-standard medical service demands are positive factors driving this business’s growth forward.

Top 7 Hospital Stocks That Captured Investors’ Hearts in 2568

BH: The market leader in Bumrungrad Hospital since 2527

This stock dominates profit and safety, with the highest Market Cap in the group. ROE reaches 31.91%, indicating efficient use of shareholders’ equity.

This hospital has increased service prices for complex cases and expanded its capacity for international patients, especially medical tourism. Currently, 66.52% of revenue comes from general patients, 32.63% from social security.

📊 Supported by:

• Market Cap: 139,110.29 million ฿
• Profit: 5,871.77 million ฿
• P/E: 18.34 times

BDMS: Regional Medical Powerhouse

The second-largest hospital, with 67% of revenue from foreign patients, has branches in Myanmar, Mongolia, and other countries. Growth is expected to continue with plans for new hospital expansions.

📊 Highlights:

• Market Cap: 355,980.84 million ฿ ( Largest in the group )
• Profit: 11,654.41 million ฿
• P/E: 22.81 times

BCH: Bangkok Chain Expanding Market Share

Domestic customers account for 71%, foreign 29%. After completing a merger, BCH now has 15 branches. Clear growth signals, with analysts recommending a BUY level.

📊 Notable points:

• Expected profit growth of 23% compared to last year
• Other segments increased by 12%

CHG: Small but with Good ROE

Chularat Hospital started in 2529, now with 15 branches. Revenue is balanced: OPD 30.6%, IPD 34.5%, social security 35%. Though not large, it demonstrates good management.

📊 Data facts:

• Market Cap: 23,320.00 million ฿
• Stock price is lower: 2.24 ฿

PR9: Comprehensive Online Healthcare Provider

Founded in 2532, mainly serving the Thai market but also accommodating patients from China, Myanmar, Laos, and Cambodia. Recently developed the digital platform 9 CARE to enhance patient experience.

📊 Revenue sources:

• OPD: 59% IPD: 41%
• Health insurance clients: 25% Self-paying: 68%

VIBHA: New Growth Trend

Vibhavadi focuses on local Bangkok and outskirts. Recently received a BUY recommendation from analysts with a target price of 2.74 ฿, as 2568 looks promising with easing concerns over social security.

📊 Key points:

• ROE still relatively low: 8.49%
• P/E: 23.85 times

THG: Period of Contraction and Recovery

Thonburi Healthcare is in a period of instability, with ROE at -6.91%, indicating the company is spending more than it earns. Investors should monitor movements carefully.

Which to Choose: Foreign Customers vs. Local

If mainly following foreign clients: BH, BDMS, BCH are likely to grow faster with tourism recovery, but global economic trends still matter.

If you prefer solid local players: CHG, PR9, VIBHA, THG have strong local customer bases and are less dependent on foreign economies.

How to Filter and Choose Accurately

1. Check ROE carefully ROE indicates how efficiently a company uses its equity. The higher, the better. Over 15% is comfortable.

2. Compare P/E with industry If P/E is higher than the group, the stock may be fairly valued or expensive. Decide based on your target.

3. Study the hospital’s business strategy Expansion? Mergers? Focus on specific groups? Each strategy has its timing.

4. Understand revenue structure Income from social security, private insurance, foreign patients—all carry different risks.

Summary: Should You Invest in Hospital Stocks in 2568?

For those seeking a balance between steady income and long-term growth, these 7 hospital stocks are worth considering. The key difference is your risk appetite.

• For a safe zone: BH, BDMS are top choices
• For gradual growth: CHG, VIBHA, PR9
• For value investing: CHG’s attractive price appeals to value investors

Ultimately, hospital stocks are like a well-read investment book—easy to understand and analyze. The most important thing is to study deeply, seek advice from analysts, and invest rationally.