2568 Year, 7 hospital group stocks pay good returns. Which stock should be chosen?

Market conditions in 2025 favor investors seeking hospital stocks in particular. The healthcare business is important because it is not dependent on economic cycles. The demand for medical services remains highly stable. Investing in this sector not only provides regular dividends but also yields attractive returns even during market volatility.

Why are hospital stocks interesting for investors in 2025?

An aging population, the rise of various diseases, and these factors continuously drive the demand for medical services. Investors see hospitals as defensive stocks (Defensive Stock) that are stable and not highly risky. Profits flow steadily from service users, and during market ups and downs, these stocks do not fall too deeply.

7 hospital stocks with the highest returns in 2025 - a detailed comparison

Evaluation of the 7 stocks: Which are suitable for investment?

BH - Steady leader with the highest ROE

BH is considered the most disciplined, with an ROE of 31.91%, indicating that Bumrungrad Hospital efficiently uses shareholders’ equity. The company is expanding for foreign patients, especially medical tourism.

📊 Summary

• Market Cap: 139,110.29 million Baht
• Net profit: 5,871.77 million Baht
• Price: 183.00 Baht/share
• General patient revenue: 66.52% | Social security: 32.63%
• P/E: 18.34 times (quite reasonable)

BDMS - The heavyweight in the group, largest market value

BDMS or Bangkok Dusit Medical Services has a market value over 355 billion Baht. Its branches are spread across Thailand, Myanmar, Mongolia, generating 67% of foreign revenue, a clear sign of attracting international clients.

📊 Details

• Market Cap: 355,980.84 million Baht
• Profit: 11,654.41 million Baht
• Price: 23.30 Baht
• Thai revenue: 33% | Foreign: 67%
• P/E: 22.81 times (relatively high price)

BCH - Small but with potential

Bangkok Chain Hospital has 15 hospitals nationwide, expected to grow net profit by 23% in 2025.

📊 Details

• Market Cap: 34,164.35 million Baht
• Profit: 1,049.33 million Baht
• Price: 14.40 Baht
• Thai revenue: 71% | Foreign: 29%
• P/E: 23.13 times

CHG - Low price but good ROE

Chularat Hospital’s stock price is low, but ROE reaches 15.42%, indicating good management of funds. Expansion plans for new branches are underway.

📊 Summary

• Market Cap: 23,320.00 million Baht
• Profit: 873.63 million Baht
• Price: 2.24 Baht (low price, suitable for penny stocks)
• OPD revenue: 30.6% | IPD: 34.5% | Social security: 35%
• P/E: 20.32 times

PR9 - Mid-range quality, mainly focused on Thailand

Praram 9 Hospital’s key feature is that 75% of its customers are Thai, but it also serves Chinese, Myanmar, Lao, and Cambodian patients, with increasing numbers. The company invests in Digital Platform 9 CARE to enhance the experience.

📊 Key Data

• Market Cap: 16,984.08 million Baht
• Profit: 506.11 million Baht
• Price: 21.30 Baht
• OPD revenue: 59% | IPD: 41% | Health insurance: 25%
• P/E: 24.47 times (highest in the group)

VIBHA - Stable but still worthwhile

Vibhavadi Hospital focuses on domestic customers. Its stock price is low, with the lowest ROE (8.49%). However, analysts from Unta recommend “buy” because expanding new businesses will boost profits. The target price is 2.74 Baht.

📊 Overview

• Market Cap: 24,572.58 million Baht
• Profit: 778.31 million Baht
• Price: 1.88 Baht
• OPD revenue: 45% | IPD: 55%
• P/E: 23.85 times

THG - Caution before investing due to performance issues

Thonburi Healthcare Group reported a loss (-302.98 million Baht). ROE is negative, and there are allegations against management. Investors should study more before making decisions.

📊 Details

• Market Cap: 10,678.09 million Baht
• Profit: -302.98 million Baht (loss)
• Price: 13.50 Baht
• P/E: none (due to negative profit)
• ROE: -6.91%

How to choose hospital stocks wisely

1) Consider customer types: Thai or foreign

Hospitals are divided into two main groups. The first group includes BH, BDMS, BCH, which aim to attract foreigners. They need to monitor the international economy. The second group includes CHG, PR9, VIBHA, THG, focusing on domestic customers. Study each group carefully before investing.

2) Analyze P/E and ROE thoroughly

P/E (Price/Earnings) indicates how much you pay per unit of profit. A low P/E suggests safety, while a high P/E might mean overvaluation.

ROE (Return on Equity) shows how well the hospital uses shareholders’ equity. BH has the highest at 31.91%, while VIBHA is only 8.49%.

3) Evaluate growth strategies

• Mergers and acquisitions: Buying other hospitals to improve quickly but with risk.
• Opening new branches: Launching new buildings in strategic locations, slower but safer.
• Specialized services: Targeting specific customer groups, such as international patients or surgical procedures.

Summary: Why should hospital stocks be followed in your portfolio?

Investors seeking hospital stocks that are stable and offer various returns can choose from these 7 stocks with comprehensive potential. For attracting foreigners, choose BH or BDMS. For lower prices but good ROE, try CHG. VIBHA is suitable for long-term investors.

The hospital business generates regular income, not heavily affected by macroeconomic fluctuations. Even during downturns, the impact is minor, making it a defensive stock suitable for conservative investors. For long-term planning, study reports, select 2-3 stocks, and accumulate gradually. Meanwhile, avoid or wait for more information on THG.