Buy(s) THB 86.6 mn
- CK – And the owner is back to buying shares
- BLAND – K. Anant has never sold any shares for as long as I can remember
- BDMS – A director buys more shares
Sell(s) THB 1.1 bn
- BKD – The MD sells some 10% of total listed shares, to whom?
- IHL – The CEO sells off ~4% of total listed shares, again to whom?
- VNG – The family sells off shares, to our understanding these are block sales to investors
Buy(s) THB 285 mn
- BDMS – And he’s still continually buying shares
- AJ – For a moment I was quite curious what’s going on until I see its a shareswap
Sell(s) THB 186 MN
- AJ – See above
- IHL – Second big sale here
- MAJOR – A first I think, I haven’t seen K. Wichai (to the best of my memory) ever sell shares before
Buy(s) THB 606 mn
- BDMS – Massive buying again!
- COL – Now this interesting, I’ve always wondered when or how this company will be able to be successful. Would Central Group shove its Lazada purchase into COL?
- PLANB – Their 1Q #’s were awful hence the ~20% drop in share price, but the owners seem to still believe in its future
Sell(s) THB 8.2 bn
- AAV – Boom the huge sale to King Power
- KSL – Are they still afraid of sugar prices?
- IHL – The MD sells some 2% of outstanding shares
Hospital stocks in Thailand are now trading at nosebleed levels with the sector average at ~50x PE, but what I’ve learnt from the past, just because a company has a high PE doesn’t mean you should ignore it if the compounded growth potential is there. Here are some snippets and the link to the rest of the article
That’s clouding the outlook for Thailand’s health-care shares, which surged more than 800 percent over the past seven years, as valuations start to look stretched amid the falling demand. Bangkok’s Bumrungrad Hospital Plc, known as the grandaddy of international clinics, has slumped 16 percent since early March after patient volumes from the United Arab Emirates, its second-biggest source of overseas visitors, fell 20 percent in the first quarter.
Sitting at the apex of the industry is Bumrungrad, which attracts more than half a million foreign patients a year and has a network of 32 referral offices everywhere from Mongolia to Ethiopia. Sixty-seven percent of revenue came from overseas visitors last quarter, company figures show. Myanmar residents were the biggest source, accounting for 8.4 percent of total patients, followed by 8.3 percent from the U.A.E. and 5.9 percent from Oman
Buy(s) – THB 344 mn
- BDMS – And he’s still buying ! This time another THB 279 mn worth of shares
- IFEC – Well they seem to trying to turn this into a “buy whatever we can” company
Sell(s) – THB 994 mn
- JWD – Already in the news that this was a block sale to Templeton
- SCI – See above
- CRANE – The jump in the stock price led to him selling?