Dr. Chalerm Harnphanich, Chief Executive Officer of Bangkok Chain Hospital Public Company Limited, or BCH, disclosed that the Election Committee for Employer Representatives and Insured Person Representatives resolved to postpone the election date for the Social Security Board from September 27 to October 11, 2026, due to flood situations in many areas. This does not affect the certification of the meeting results of the Subcommittee on Medical Treatment Fee Rates, which is expected to reach a conclusion on adjusting service rates before October 24, and is expected to take effect in the fourth quarter of 2026 or at the latest on January 1, 2027. The company has not yet included this matter in its 2026 growth projections. Meanwhile, the flood situation in Bangkok and its vicinity affected the number of patients seeking services only slightly, specifically during periods of heavy rain, and both Thai and foreign patients quickly returned to normal service use. Only the Chaengwattana branch is in a near-flood condition, while the bed occupancy rate remains at a high level. For the third-quarter 2026 outlook, continued growth is expected from the high season. The subcommittee is scheduled to hold its third meeting on October 5, and if no conclusion is reached, a fourth meeting may be held before October 24, which is the date the subcommittee's term expires. Kasikorn Securities assesses that the new Social Security Board is likely to begin operations within November, compared with the previous expectation of October, and maintains a neutral view on the hospital group, with an assumption of a 5% increase in the flat-rate payment rate starting in 2027. It recommends buying BCH with a target price of 12.50 baht and RJH with a target price of 17.20 baht, and recommends holding CHG with a target price of 1.69 baht.
Bangkok Chain Hospital Public Company LimitedSubcommittee on Medical Treatment Fee Rates expected to conclude a service-rate adjustment effective Q4 2026/Jan 2027, and Kasikorn Securities recommends buying BCH with a 12.50 baht target.
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