So far in 2018 Bangkok Dusit Medical Services PCL has seen share rises of up to 29% has can be well attributed to the ever increasing rise in ‘Thailand’s Medical Tourism’.
That pushed its market value to US$13 billion (S$17.74 billion), surpassing Malaysia’s IHH Healthcare Bhd, to take the mantle of largest developing -nation company in the industry.
And despite the rally, investors believe the shares have further room to rise.
This continuously emerging market is seen by most insiders as potentially the most valuable of all businesses in the current and progressive market.
It’s no secret the world is getting older and here in Thailand the number of Thais’s aged sixty plus will double to a staggering 23 million by 2050 – that’s over 30% of The Kingdom’s projected population -.
Currently Bangkok Dusits revenue from foreign patients accounted for almost one-third of sales after rising 10 per cent in the first half of 2018 from a year ago, according to KT Zmico Securities Co. The four largest markets were Japan, China, the UK and Myanmar. Growth from China was 30 per cent in the same period.
Bangkok Dusit operates 45 hospitals under six brands in Thailand. The expansion of Dusit Medical Services has recently cam through acquisitions which include Hospitals and wellness Centres.