A Thai hospital operator’s shares have surged so much this year that it’s now the most-valuable such business in any emerging market.
Bangkok Dusit Medical Services Pcl’s shares have risen 29 percent in 2018, supported by rising demand from Thailand’s aging population as well as an increase in medical tourism. That pushed its market value to $13 billion, surpassing Malaysia’s IHH Healthcare Bhd., to take the mantle of largest developing-nation company in the industry.
