2023-08-09 17:00:53
CHG Prepares for Business Expansion with Opening of New Medical Centers
CHG, a leading healthcare company, is gearing up for business in full swing as it prepares to open two new medical centers. The Chairman of the Board of Executive Directors, Dr. Kampon Plussin, announced that the company plans to open Chularat Medical Center, the first comprehensive cancer center in Samut Prakan Province, which will also offer stroke treatment, chronic wound treatment, and high pressure oxygen therapy. Additionally, Chularat Mae Sot Inter Hospital in Mae Sot District, Tak Province, with a total capacity of 100 beds, will open its first phase with 59 beds.
The decision to expand its medical facilities is in response to the rising number of patients seeking access to healthcare services. To meet this demand, CHG has been increasing its service areas, recruiting more medical personnel with expertise in various fields, and investing in modern medical equipment. The expansion not only boosts the hospital’s potential for treatment but also allows it to participate in bidding for heart centers and management services for government hospitals. These initiatives are aimed at expanding CHG’s customer base and enhancing its reputation in the healthcare industry.
Financial analysts at Krungsri Phatthanasin Securities predict a strong performance for CHG in the second half of the year. They expect the company’s net profit to grow compared to the previous year, with even better growth projected for 2022. The revenue growth is attributed to the expansion of CHG’s new hospital network and increased service potential. As a result, Krungsri Phatthanasin Securities recommends a “buy” rating with a target price of 3.70 baht.
Similarly, KGI Securities anticipates strong growth for CHG, especially with the opening of the new Chularat Mae Sot Hospital, which will cater to Thai, Myanmar, and Chinese patients. The company also plans to open another Chularat Medical Center in the future. KGI Securities expects revenue to be driven by a strong customer base, including cash patients, social security recipients, and foreigners seeking more complex treatments, such as cancer, cerebrovascular disease, and heart-related conditions. They recommend a “buy” rating with a target price of 3.80 baht.
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