We expect the stock price to start rallying soon, driven by both the impressive 2022-23 outlook and positive sentiment tied to the opening of the tender for the Orange Line. BUY!
Slight miss, but still a good recovery signal
BEM reported 1Q22 net and core earnings of Bt336m, up 10% YoY but down 10% QoQ. Those numbers missed our estimates by 7% (a heavier cost-of-sales than assumed) and the consensus by 10%.