HoonSmart.com>>Finansia Cyrus Securities encourages “buy” BCH-CHG for limited impact on social security case. Request to reduce the treatment fee from 12,000 baht/RW to 10,000 baht/RW for treatment in 2022 that the hospital reimbursed retroactively for the period Jan. – Feb. 2023, as for treatment in 2023 that will come in 2024. The budget must be monitored to see whether it is sufficient or not. If it is not sufficient, it is initially expected that BCH will have to set provisions around 20 million baht/month, while CHG will set around 10 million baht/month (worst case expected no more than 3 months).
Finansia Syrus Securities specified BCH and CHG in the case that the Social Security Office (SSO) requests a reduction in treatment fees from 12,000 baht/RW (a unit for measuring the level of difficulty in treatment) to 10,000 baht/RW of Treatment in 2022 at the hospital will be reimbursed retrospectively for the period Jan. – Feb. 2023. The impact is likely to be limited. This is because most of them are retrospective withdrawals. As for the impact of treatment in 2023, that will come in 2024, which must be followed up on whether the budget will be sufficient or not. If the budget is not enough Initially, it is expected that BCH will need to set provisions around 20 million baht/month, while CHG will set around 10 million baht/month (worst case expected no more than 3 months).
As for accounting recording in 2024, it depends on the policy of each hospital whether it will be more conservative or not. By reducing the recorded income from 12,000/RW, the stock price initially decreased. while the impact is limited Therefore sees it as an opportunity to “buy” BCH (target price 26 baht) CHG (target price 3.90 baht)
2024-02-07 02:30:09
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