TISCO Overweights Biotech-MedTech Sectors for Aging Society & M&A Gains

MGR Online•Economy•3h ago

Reader Briefing

TISCO advises overweighting Biotech and MedTech stocks, citing demographic shifts and M&A potential.

•TISCO's Head of Wealth Advisory recommends an Overweight stance on Biotech and MedTech sectors for investment in the current year.
•The strategy capitalizes on the growing elderly population and potential for Mergers & Acquisitions (M&A) within these sectors.
•Biotechnology shows strong EPS growth potential, while MedTech is expected to benefit from AI integration and lower interest rates.

Overview

•TISCO's Head of Wealth Advisory, Natthakrit Laotaweesub, outlines investment strategy.
•Investment strategy focuses on increasing weight in Biotech and MedTech due to profit growth and structural catalysts.
•Biotechnology sector is projected to have the highest EPS Growth in 2026 (2026) at approximately 19.5%.
•Medical Devices & Equipment (MedTech) is expected to see EPS growth of around 6%, driven by AI applications.
•The global population is rapidly aging, with the WHO predicting 1 in 6 people aged 60+ by 2030 (2030).
•WTW forecasts global healthcare spending to increase by approximately 10% in 2026 (2026).
•Healthcare is characterized as 'Defensive Growth', resilient to economic downturns with long-term structural growth drivers.
•The global economy in 2026 (2026) shows positive signals, including easing interest rates, benefiting risk assets and future cash flow valuations.

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Key Quotes

Natthakrit Laotaweesub

"This year's investment strategy focuses on increasing weight (Overweight) in Biotech and MedTech to capture opportunities from both profit growth and structural catalysts in each group."

กลยุทธ์การลงทุนปีนี้เน้นเพิ่มน้ำหนัก (Overweight) ไปที่ Biotech และ MedTech มากขึ้น เพื่อจับโอกาสจากทั้งการเติบโตของกำไรและปัจจัยกระตุ้นเชิงโครงสร้างในแต่ละกลุ่ม

Natthakrit Laotaweesub

"The increase in the elderly worldwide is not just a demographic phenomenon but an economic driver permanently changing the structure of health demand."

การเพิ่มขึ้นของผู้สูงวัยทั่วโลกไม่ได้เป็นเพียงปรากฏการณ์ด้านประชากรศาสตร์ แต่เป็นแรงขับเคลื่อนเชิงเศรษฐกิจที่กำลังเปลี่ยนโครงสร้างอุปสงค์ด้านสุขภาพอย่างถาวร

Natthakrit Laotaweesub

"Healthcare is therefore seen as 'Defensive Growth', meaning it is resilient to economic downturns due to relatively cycle-elastic demand, while also having long-term structural growth drivers."

Healthcare จึงถูกมองเป็น "Defensive Growth" คือ มีความทนทานต่อภาวะเศรษฐกิจถดถอยจากความต้องการที่ค่อนข้างยืดหยุ่นต่อวัฏจักรเศรษฐกิจ ขณะเดียวกันก็มีปัจจัยหนุนการเติบโตเชิงโครงสร้างในระยะยาว

Key Entities

Organization

TISCOℹ️

A financial institution providing investment advice.

World Health Organization (WHO)(องค์การอนามัยโลก)ℹ️

A global health organization providing demographic projections.

WTW (Willis Towers Watson)(WTW)ℹ️

A consulting firm providing forecasts on global healthcare spending.

Industry

Biotech

An investment sector focused on biotechnology.

MedTech

An investment sector focused on medical technology and equipment.

Pharmaceuticals

A sub-sector of healthcare focused on drug manufacturing.

Biotechnology

A sub-sector of healthcare focused on biological and living organism-based products.

Medical Devices & Equipment

A sub-sector of healthcare focused on medical equipment and devices.

Healthcare Services & Providers

A sub-sector of healthcare focused on direct patient care and insurance.

Person

Natthakrit Laotaweesub(นายณัฐกฤติ เหล่าทวีทรัพย์)

Head of Wealth Advisory at TISCO Bank.

Technology

AIℹ️

Artificial Intelligence, a technology being integrated into healthcare processes.