Analysis of Bangkok Expressway and Metro Public Company Limited: Projected Growth and Buy Recommendation

Stock dimension – Analysis of Bangkok Expressway and Metro Public Company Limited or BEM by Dao Securities (Thailand) indicated that net profit is expected to be around 860 million baht in Q1/67, growing 15% YoY following the recovery of service users. Especially electric rail passengers reaching a new quarterly peak. Although profit remains stable at 0.1% QoQ as some maintenance costs have a chance to be deferred to be realized in Q1/24, maintaining a “Buy” recommendation with a target price of 10.40 baht.

In this regard, the net profit in 2024 is expected to be 3.7 million baht, growing 8% YoY, with the Ground Transport group being a great choice There is support from new projects, including the Double Deck project, which is expected see more progress during the first half of the year. and the contract to operate the Southern Purple Line Expect to see more progress in 2022, together with the plan to buy back shares during the period 5 March – 4 September 2024, with 17% of the total treasury shares be repurchased at this time.

Follow the Stock Dimension channel to receive capital market news via the link below.

Website: https://www.mitihoon.com/
Facebook: https://www.facebook.com/mitihoon
Youtube: https://www.youtube.com/@mitihoonofficial7770
Tiktok: www.tiktok.com/@mitihoon

The previous article revealed 5 great themes for investing in stocks in the second half of the year.

#BEM #passenger #numbers #overflow #expecting #Q12024 #budget #grow #Miti #stock