Credit Suisse Sees a Delay in Pink-Yellow Line Has Little Effect on BTS, Giving TP at ฿12
Credit Suisse Sees a Delay in Pink-Yellow Line Has Little Effect on BTS, Giving TP at ฿12
Credit Suisse Sees a Delay in Pink-Yellow Line Has Little Effect on BTS, Giving TP at ฿12
26 ม.ค. 2564

The share price of BTS Group Holdings Public Company Limited (BTS) dropped ฿0.05/share or 0.52% to ฿9.65/share with a trading value of 120 million baht. 
 
Credit Suisse stated the month delays of Pink and Yellow Line launching still in line with its assumption, viewing that the market may have to factor in an additional interest burden but the amount should be small in P&amp;L as it will likely be capitalised and amortised over time. Hence Credit Suisse maintained “OUTPERFORM” rating on BTS with a target price at ฿12.00/share.  
 
According to the report, Mass Rapid Transit Authority of Thailand (MRTA) said the launch of Pink and Yellow Line is likely to be postponed to the end of 2021 due to a disruption from the delivery of equipment. 