บทวิเคราะห์ (Research)

BEM is our top pick in the sector with a Bt9.5 TP. Comments by the management at the analyst briefing last Friday support our projection of 11% yoy earnings growth in 2024F to a new high of Bt3.8b. Orange Line project has been concluded and negotiations for the double-deck project is in progress. There are concerns about the terms for this project but BEM has assured they would drop the project if it will hurt earnings.