BTS: Short & Long Terms Outlook Remain Positive
We reiterate a BUY rating for BTS while roll over target price to Bt11.0 (Previous TP: Bt10.20), derived from SOTP. Our target price upgrade was...
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Earnings Review: BTS Group Holdings Plc. (BTS)
Core profit in line, BTS’s earnings topped the market’s forecast in 1QFY21/22 owing to extra items. core profit was in line with the expectation
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BTS: Earnings Performance Rely Chiefly on Progress of Vaccination
BTS report FY1Q22 (April’21-June’21) net profit at Bt1.4bn (+212%YoY -18%QoQ), stripping out extra items, core earnings would be at Bt1.0bn...
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BTS: Business Outlook Rely Chiefly on Progress of Vaccination
We expect BTS’s core earnings to gradually recover from late 2QFY22 (July’21-Sep’21) onwards when majority of Bangkok commuters received vaccines...
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BTS: Potential Positive Catalysts Ahead
We maintain BUY rating with a target price of Bt12.0 (previous TP12.80), which is equivalent to 60xPE’FY21E, 50% discount to Thai transportation...
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