Thailand's hospital profits may treble in Q1 on Covid, but cases could peak soon: CGS-CIMB
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MOST hospitals in Thailand are set to report a year-on-year spike in Q1 financials given the recent surge in Covid-19 infections which may be ending soon, according to CGS-CIMB.
The brokerage foresees 6 hospitals' aggregate recurring net profit to have trebled on-year in Q1 of 2022 from the previous year's low base, and a 19 per cent drop in aggregate recurring net profit on a quarterly basis due to lower margins.
"The number of new Covid-19 cases based on reverse transcription polymerase chain reaction tests averaged 15,610 in Q1 2022, versus only 244 in Q1 2021 and 6,726 in Q4 2021.
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