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Wattanapat Hospital Trang Public Company Limited

Wattanapat Hospital Trang Public Company Limited and its subsidiaries provide medical services in Thailand. The company operates clinics and centers covering orthopedics, neurosurgery, neurology, surgery, cardiology, internal medicine, obstetrics and gynecology, gastrointestinal and liver, pediatrics, ophthalmology, ear nose and throat, dental, skin and beauty, hyperbaric oxygen therapy, kidney and hemodialysis, diabetes thyroid and endocrinology, physical therapy, wellness, X-ray and MRI, and emergency care. Founded in 1957, it is headquartered in Trang, Thailand.

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Thailand
WPH.BK▲

WPH Passes Bottom in Q3 Recovery, Opens Phuket Hospital This October

WPH, or Wattanapat Hospital Trang Public Company Limited, announced that its business has passed its lowest point since the second quarter of 2026 and expects to see a recovery in the third quarter of 2026 due to increased patient demand, especially from Thai patients, who account for about 65% of revenue, while foreign patients are also beginning to recover. The company reaffirmed its 2026 revenue growth target of 18% from the previous year, or 2,750 million baht, supported by the opening of two new hospitals this year: Khun Ao Nang Hospital in Krabi, with 36 beds, which has already opened, and Wattanapat Phuket Hospital, with 100 beds, which is over 90% complete and is scheduled to open this October. Phuket is a major tourist destination for foreigners, especially during the high season at the end of the year, and the company has partnered with international partners to accommodate foreign patient insurance from the start of operations in the fourth quarter of 2026. Analysts from Land and House Securities Public Company Limited have issued a "Buy" recommendation for WPH shares, with a target price of 7.50 baht.
WPH.BK · Capital · Positive Land and House Securities issued a Buy recommendation on WPH with a 7.50 baht target price.
WPH.BK · Demand · Positive WPH says it passed its bottom with recovering patient demand and reaffirmed 18% revenue growth, supported by two new hospitals opening this year.
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Thailand
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Hospital Group Q2/2026 Profits Weak Across the Board

The earnings season for Thai listed companies in Q2/2026 has come to a close, with overall profits of 678 companies rising 13%, but the hospital group showed signs of a weak pulse. BDMS reported a net profit of 3,248 million baht, down 7% from the previous year, while BH's profit increased only 1.7% to 1,889 million baht, and BCH's profit fell 11.6% to 343 million baht. Meanwhile, PR9's profit rose 1.3% to 184 million baht, LPH fell 17.86% to 46 million baht, RPH dropped 27.79% to 26 million baht, and WPH declined 62.1% to 19 million baht. PRINC still posted a loss of 138 million baht, but the loss narrowed from the previous year. On the other hand, RJH's profit surged 89% to 113.72 million baht, and EKH increased 27.88% to 60 million baht. It is expected that Q3/2026 will recover as the rainy season is the peak season.
BCH.BK · Capital · Negative BCH's Q2/2026 net profit fell 11.6% to 343 million baht.
BDMS.BK · Capital · Negative BDMS reported Q2/2026 net profit down 7% to 3,248 million baht.
BH.BK · Capital · Negative BH's Q2/2026 profit increased only 1.7% to 1,889 million baht, below expectations.
EKH.BK · Capital · Positive EKH's Q2/2026 profit increased 27.88% to 60 million baht.
LPH.BK · Capital · Negative LPH's Q2/2026 profit fell 17.86% to 46 million baht.
PR9.BK · Capital · Negative PR9's profit rose only 1.3% to 184 million baht, below expectations.
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