Elevator Pitch
I maintain my "Neutral" rating on Thailand-listed healthcare services company Bangkok Dusit Medical Services (BDULF) (BDUUF) (BDUUY) [BDMS:TB].
Bangkok Dusit announced a tender offer for Bumrungrad Hospital Public Company Limited (BUHPY) (BUHPF) (BUGDF) [BH:TB] shares on February 27, 2020, but Bangkok Dusit is unlikely to be able to own a majority stake in Bumrungrad Hospital with the proposed tender offer, as the majority shareholder does not have the intention to sell. Nevertheless, the proposed tender offer is still positive for Bangkok