BTS Concession Talks to Conclude Soon, Analyst Recommends “BUY” at ฿16.00/Share
BTS Concession Talks to Conclude Soon, Analyst Recommends “BUY” at ฿16.00/Share.
BTS Concession Talks to Conclude Soon, Analyst Recommends “BUY” at ฿16.00/Share.
7 ก.ย. 2562

BTS Group Holdings Public Company Limited (BTS) is in the middle of a negotiation with Bangkok Metropolitan Administration (BMA) to extend the concession of the skytrain service widely known as “BTS Skytrain”.
Analysts estimate that the conclusion between BTS and BMA could be done by the fourth quarter of this year while stating that the sooner the better as Thai government wants to relieve passengers from the high train fare, expecting the new fare not to exceed 65 baht/trip.
In addition to the extension of BTS concession, analysts have given buy/outperform rating and raised the target price of BTS. Thanachart (TP 15.50), IV Global (TP 14.20), SCB (TP 16.00), Daiwa Capital (TP 15.50).