On Monday at 10:51 AM (Bangkok time), the share price of Bangkok Expressway and Metro Public Company Limited (SET: BEM) rose by 2.60% or THB 0.20 to THB 7.90, with a trading value of THB 216.05 million.
Krungsri Securities (KSS) stated that the dispute regarding the MRT Orange Line would be resolved this week, with the expectation that the Supreme Administrative Court would render the same conclusion as the Administrative Court that the auction for the rail was not convicted.
The analyst saw BEM as a defensive stock with an outstanding EPS outlook, while the proportion of passengers utilizing the rail and tollways also signaled a boost after school holidays. KS expected an increase in BEM’s 2Q24 earnings on both a quarterly and yearly basis.
