บทวิเคราะห์ (Research)

BEM : Earnings Result - Stronger earnings in 2Q24 We maintain a BUY rating and Bt9.5 TP for BEM. The share price has dropped over the last two weeks, but that is unjustified given strong earnings in 2Q24 at Bt1b (+11% yoy, +18% qoq). 2Q earnings beat our and market expectations. 1H24 profit is 48% of our full-year estimate. We are keeping full-year earnings at Bt3.8b (+11% yoy). Concerns about the double-deck project could be an opportunity to buy BEM.