Krungsri keeps THB 8.80 target for Bangkok Expressway and Metro stock

Published on 10/07/2026 at 05:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached THB 3.98 billion and earnings per share were THB 0.07. Bangkok Expressway and Metro stock stood at a EUR 0.17 prior close on October 5, 2026.

BEM, TH6999010015, Illustration mit AI erstellt.

Bangkok Expressway and Metro (ISIN TH6999010015) has a THB 8.80 per-share target from Krungsri Securities, which maintained its Buy recommendation after reviewing the effect of Bangkok's four-day toll waiver. Kaohoon International reported the assessment on September 28, 2026, in an article updated October 5, 2026.

Krungsri keeps its target

The toll exemption covered September 26-29, 2026, across eight expressways operated by BEM. Krungsri said the government is expected to reimburse the lost toll revenue, limiting the financial effect on the company.

The brokerage kept its 2026 earnings forecast at THB 3.9 billion, representing growth of 3.4 percent from the prior year. Its sensitivity analysis put the potential revenue effect at THB 100 million if reimbursement were not provided, equal to 2.00 percent of projected third-quarter revenue.

Second-quarter figures set the base

For the second quarter of 2026, BEM reported revenue of THB 3.98 billion and earnings per share of THB 0.07. Investing.com lists those figures against THB 4.28 billion revenue and THB 0.06 earnings per share in the first quarter of 2026.

The comparison shows sequential revenue fell by 7.02 percent, while earnings per share increased by 16.67 percent. The company's investor-relations page identifies the expressway and rail businesses as key operating areas and reports second-quarter average daily traffic of 1,085.0 thousand trips and average daily ridership of 393.9 thousand trips.

November results are scheduled

BEM's board also changed during the period. Thailand Futures Exchange reported on September 23, 2026, that Nattapong Songpracha would replace Jiranan Vorachak as a director effective September 30, 2026.

The company lists its financial results announcement for the third quarter of 2026 on November 13, 2026, followed by an analyst meeting on November 17 and an earnings call presentation on November 20. Bangkok Expressway and Metro published those dates on its investor-relations page.

SET quote and euro reference

On the SET, BEM was last at THB 6.45 at 10:08 a.m. ICT on October 7, 2026, down 0.77 percent from THB 6.50. The market capitalization was THB 96.6 billion, while the 52-week range was THB 4.84 to THB 7.35.

At Lang & Schwarz, the prior close was EUR 0.17 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Bangkok Expressway and Metro stock.