Thai hospitals' operation game

 06-Oct-17, Bloomberg

Chinese tourists are coming back to Thailand at the right time: Private hospitals there are badly in need of a new narrative to justify their sky-high valuations.

In Aug-17, the number of visitors from the mainland increased 10.3 percent to just shy of one million, the first double-digit growth in a year.

Image: Bloomberg / Bloomberg Gadfly

Some savvy investors were ahead of the curve. Popular tourism plays such as Airports of Thailand and luxury hotel operator The Erawan Group rallied in the third quarter, bringing this year's gains to 47 percent and 44 percent respectively.

Bumrungrad Hospital, which gets more than 60 percent of its sales from foreigners, is up 16 percent since Jan-17.

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