I wish to thank all shareholders who have given trust to THG in protecting happiness and health in every stage of life and all THG’s team and medical staff who have contributed to our success and played an important role in THG’s significant milestones in the previous year and from now onwards.

Dr. Boon Vanasin

Chairman

The year 2019 was an important step for Thonburi Healthcare Group Public Company Limited (“THG”) as we have proved our vision and perseverance in developing healthcare services in order to respond to the needs of people of all ages, including:

  • Medical services
    • THG opened two new local hospitals, including Thonburi Bamrungmuang Hospital (100% shareholding by THG) in the central of Bangkok, providing personalized care and specialized treatment, and Thonburi Thungsong Hospital, Thungsong District, Nakhon Si Thammarat Province (56.43% shareholding by THG) which has up-to-date medical equipment.
  • Nursing care and medical equipment services
    • THG opened Thonburi Burana Hospital, which is a part of Jin Wellbeing County of Thonburi Wellbeing Co., Ltd. (100% shareholding by THG), providing long-term care for senior.

The projects, which started their operations during the last year, gained increased trust from Thai and foreign patients. In addition, the services provided by core hospitals of THG, including Thonburi Hospital, Thonburi 2 Hospital and Rajyindee Hospital, and overseas hospitals, including ARYU International Hospital in Myanmar and Welly Hospitaly in China, and THG’s management service to public and private hospitals. THG received two international awards in Singapore: “Hospital of the Year” awarded to Thonburi Hospital and “Clinical Service Initiative of the Year” from The Healthcare Asia Awards 2019 awarded to Thonburi Bamrungmuang Hospital. THG was honoured to receive such awards which represented its international standard and quality medical services. In addition, THG had been assessed at level 4 from the organization of the Annual General Meeting of Shareholders organizing Quality Assessment, organized by the Thai Investors Association and received a “Very Good” level or 4-star rating from the Thai Listed Companies Corporate Governance Survey 2019, organized by the Thai Institute of Directors Association.

Despite in the past year, the company was affected by the economic slowdown, challenges from rules and regulations, and competition in the industry which had caused decline in operating performance of certain units. THG continues to follow its business plan, develop innovations, and provide quality services. These have resulted in its total revenues become good and its performance tends to improve in the future. For the first time, THG stock was announced by the Stock Exchange of Thailand as 1 of SET100 Index for January – June 2020.

I wish to thank all shareholders who have given trust to THG in protecting happiness and health in every stage of life and all THG’s team and medical staff who have contributed to our success and played an important role in THG’s significant milestones in the previous year and from now onwards.

Total revenues
% growth
16.0

Year 2018 Baht 7,094 million

Year 2019 Baht 8,232 million

Net profits
% growth
32.8

Year 2018 Baht 348 million

Year 2019 Baht 462 million