BEM: Expect 3Q21 Earnings to Be Bottom of This Year
We maintain BEM with a BUY rating while roll over target price to Bt10.30 (previous TP: Bt9.90) derived from SOTP methodology, which is equivalent...
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Earnings Review: Bangkok Expressway and Metro Plc. (BEM)
BEM reported weak results QoQ in 2Q21 and soft traffic volume YoY in July given the new wave of the pandemic and the lockdown measure to curb the...
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BEM: Expect Earnings to Remain Dull at Least in 2Q21 and 3Q21
We maintain BEM with a BUY rating with a target price of Bt9.90 derived from SOTP methodology, which is equivalent to 49.5xPE’22E, 30% discount to...
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BEM: Phases of Recovery and Growth Are Around the Corner
We expect earnings to slightly drop YoY in 1Q21 pressured by a sharp fall in traffic on tollway and mass transit system as a result from partial...
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BEM: Completed V-Shape Recovery Is Imminent
We came out from BEM’s analyst meeting yesterday with positive tone, given expected strong earnings improvement in 2H20 underpinned by solid...
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