บทวิเคราะห์ (Research)

BEM : Earning preview - Earnings to rise yoy and qoq in 3Q24 We retain our Buy rating and Bt10.2 TP (FY25F). BEM is the defensive stock which offer decent earnings growth and could win new contracts that will enhance stock value and earnings, such as the double-deck toll road project. That would support our 11% earnings growth forecast for this year. We project earnings would hit a new high again in 3Q24F, at Bt1.02b (+5% yoy, +2% qoq), which would take 9M24F earnings to 75% of our full-year estimate. The next share price catalyst would be winning the double-deck project with favorable terms.