KKPS sets THB 23.50 target for Bangkok Dusit Medical Services stock

Published on 10/14/2026 at 03:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 profit is forecast at THB 4.60 billion, up 8.00 percent year over year. KKPS sees 25.40 percent Q3 margin for Bangkok Dusit Medical Services stock.

Analyst target and earnings outlook

KKPS set a THB 23.50 target for BDMS in its October 8, 2026 analysis.
Third-quarter 2026 core profit was forecast at THB 4.60 billion, up 8.00 percent year over year.
BDMS was scheduled to report its next results on November 16, 2026.

BDMS, TH0264A10Z04, Illustration mit AI erstellt.

KKPS set a THB 23.50 target for Bangkok Dusit Medical Services stock in an analysis dated October 8, 2026, while keeping its Buy rating. The target was paired with a forecast for third-quarter 2026 core profit of THB 4.60 billion, an 8.00 percent increase from the same quarter a year earlier, according to LINE TODAY.

What supports the earnings case?

The forecast rests on a broad patient mix. KKPS expected Thai patient revenue to rise 6.00-7.00 percent year over year in the third quarter, while international patient revenue was projected to grow 10.00 percent, with demand from Myanmar, the United States and Bangladesh contributing to the estimate.

The counterweight was geographic weakness. Middle Eastern patient revenue was expected to decline 5.00-10.00 percent year over year, while Cambodian patient revenue was projected to fall 30.00 percent. Those estimates nevertheless represented an improvement from a 24.00 percent decline in Middle Eastern revenue in the second quarter and a 70.00-80.00 percent decline in Cambodian revenue previously, LINE TODAY reported.

Margins and valuation set the test

KKPS forecast third-quarter 2026 EBITDA margin at 25.40 percent, an improvement of 0.20 percentage points. The research also put BDMS at roughly 19.00 times projected 2026 earnings, below the regional comparison of 29.00 times.

For the latest reported interim period, the second quarter of 2026, efin.finance listed a 14.57 percent net profit margin and 36.11 percent gross profit margin. Its page also identified BDMS as a healthcare company in the service sector and listed SET50 membership, efin.finance showed.

Next results date is November 16

BDMS was scheduled to publish its next results on November 16, 2026. The company operates a network of private hospitals and related medical businesses in Thailand and internationally, according to InvestPane.