Bangkok Genomics Innovation Sees Bright Future with Expected Revenue Surge
Donkey Time
Bangkok Genomics Innovation Public Company Limited, a leading provider of genetic testing and diagnostics, expects strong financial performance throughout the remainder of 2024.
"Dr. Saowalak Dansakul," CEO of BKGI, revealed positive forecasts for the fourth quarter of 2024, anticipating continued growth, especially in sales revenue from diagnostic tools and testing fluids. This follows a strong third-quarter performance with revenue reaching 91.7 million baht and net profit of 14.4 million baht, marking a 105% growth.**
The company projects a 30% revenue increase compared to the previous year, driven by promising trends in genetic abnormality screening and reproductive health services. BKGI also anticipates growth from the sale of medical equipment and testing reagents to major private hospitals. In a bid to expand reach, the company is actively pursuing new partnerships and exploring mergers or acquisitions in related industries.
Deeper Dive into Growth Potential:
Market analysts, including Krungsri Security Pattanasin, share BKGI’s optimism. They predict full-year profits of 51 million baht, representing a 59% year-over-year increase. This positive outlook is heavily influenced by BKGI’s expected participation in the National Health Security Office (NHSO) project, specifically the screening program for Down syndrome using non-invasive prenatal testing (NIPT). Results of this program are expected by the end of 2024.
"
There is an upside opportunity. From the NHSO project.”
Chananancontrttan Rasa
Krungsri Security Pattanasin has set a target price of 2.80 baht per share for BKGI.
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2024-12-01 12:57:00
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## Bangkok Genomics Innovation Poised for Explosive Growth, Experts Predict
**Bangkok, Thailand** – Bangkok Genomics Innovation Public Company Limited (BKGI) is riding a wave of optimism, with strong financial performance fueled by booming demand for genetic testing and diagnostics. Experts say the company’s innovative products and strategic expansions are positioning it for explosive growth in the coming years.
In this exclusive interview, we speak with **Dr. Saowalak Dansakul**, CEO of BKGI, and **Chananancontrttan Rasa**, analyst at Krungsri Security Pattanasin, to delve deeper into BKGI’s prospects and the factors driving its success.
**Growth Drivers: Innovation and Partnerships**
***Dr. Dansakul,BKGI recently reported extraordinary third-quarter results,and you’re projecting a 30% revenue increase for the full year. What are the key factors behind this strong performance?***
**Dr. Saowalak Dansakul:**
We’re experiencing robust growth across multiple areas, particularly in genetic abnormality screening and reproductive health services. This reflects a growing awareness of the benefits of genetic testing and the increasing demand for personalized healthcare solutions.
Strategic partnerships are also instrumental to our success. We’re actively collaborating with major private hospitals, supplying them with our diagnostic tools and testing fluids.These collaborations ensure we reach a wider patient base and contribute to Thailand’s evolving healthcare landscape.
**Market Outlook: NHSO Project Holds Key Potential**
***Mr. Rasa, market analysts share BKGI’s optimism. What specifically excites you about the company’s future, and what are your expectations for their participation in the National Health Security Office (NHSO) project?***
**Chananancontrttan Rasa:**
BKGI is well-positioned to capitalize on the growing demand for genetic testing in Thailand. The NHSO project, particularly the Down syndrome screening program using non-invasive prenatal testing (NIPT), presents a critically important opportunity for the company.
“There is an upside opportunity from the NHSO project.”
**Chananancontrttan Rasa, Analyst, Krungsri Security Pattanasin**
Successfully securing a contract for this program could considerably increase BKGI’s revenue stream and solidify its market leadership.
**financial Performance and Future Projections**
***Dr.Dansakul, can you elaborate on BKGI’s future projection and how you plan to achieve your ambitious growth targets?***
**Dr. Saowalak Dansakul:**
We’re actively expanding our product portfolio and exploring new markets, both domestically and internationally. We’re also focused on building strong relationships with key stakeholders, including healthcare providers, research institutions, and government agencies.
Our goal is to become the leading provider of genetic testing and diagnostics in Southeast Asia. We believe our commitment to innovation, quality, and customer satisfaction will propel us towards achieving this vision.
**Investing in BKGI: Prospects and Final Thoughts**
***Mr. Rasa, Krungsri Security Pattanasin has set a target price of 2.80 baht per share for BKGI.What advice would you give potential investors considering BKGI as a long-term investment?***
**Chananancontrttan Rasa:**
BKGI presents a compelling investment opportunity. the company is well-managed, operates in a high-growth sector, and has a strong track record of success.
**Key Takeaways:**
* BKGI is poised for strong growth driven by increasing demand for genetic testing, strategic partnerships, and potential participation in the NHSO project.
*BKGI’s focus on innovation and quality positions it as a leader in Thailand’s expanding healthcare market.
**Engage with the Conversation:**
* Do you think BKGI will achieve its ambitious growth targets?
* What are the potential challenges and opportunities facing the genetic testing industry in Thailand?
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