BTS: Solid Core Operation with Huge Potential Upside
We expect BTS’s FY2021 core profit to soften from the previous year pressured by falling revenue from media business under VGI PCL (BUY TP: Bt8.70)...
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BTS: Minor Impact from Possible Bangkok Shutdown
We estimate negative impact to 2020E earnings for BTS at 6% in worst case if they have to halt their mass transit operation for 75 days. With...
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BTS: Solid Earnings Growth Momentum Remain
We came out from BTS’s analyst meeting on 19th FEB with positive tone given solid core earnings growth momentum in the next two quarters and recent...
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BTS: City Solutions Provider Set to Expand Business Frontier
We initiate coverage of BTS with a BUY rating, based on a SOTP-derived target price of Bt14.50, which is equivalent to 41xPE’FY20EThe story:•...
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