Bangkok Expressway And Metro Plc. (BEM): Entering a New Growth Cycle for the Rail Business
Average expressway traffic and MRT ridership grew 0.8% and 2.0% YoY, respectively, in 8M26, slightly above our expectations. Coupled with lower...
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Krungthai XSpring Technical Eng. - September 14, 2026
The SET Index declined in line with other Asian markets as investors grew cautious amid escalating tensions in the Middle East, higher oil prices,...
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BANGKOK EXPRESSWAY AND METRO Plc. (BEM): 2Q26 Profit In Line; Awaiting New Rail Fare Structure - Outperform (12M FWD Fair Value Bt7.60)
2Q26 net profit grew both YoY and QoQ, in line with expectations. We maintain our Outperform rating and 12-month fair value (FV) of Bt7.60, based...
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Krungthai XSpring Technical Eng. August 3, 2026
The SET Index rebounded sharply in line with Asian equity markets, led by South Korea, where semiconductor stocks surged following strong earnings...
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Bangkok Expressway And Metro Plc. (BEM): Flat 2Q26E Earnings Expected; Awaiting New MRT Fare Scheme - Outperform (12M FWD Fair Value Bt7.60)
With expressway traffic and MRT ridership expected to remain broadly stable, we forecast 2Q26E core profit to be flat YoY. We also expect a 2-year...
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