BTS Group Holdings reported a first-quarter net loss of 388 million baht, widening from a loss of 229 million baht in the same period last year, as operating profit declined and finance costs remained high at 1.9 billion baht. Analysts at DAOL Securities Thailand cut their target price to 2.00 baht from 2.40 baht, while maintaining a Hold rating, and revised their forecast for normalized operating results in fiscal 2027 to a loss of 844 million baht from a previous loss of 104 million baht to reflect higher-than-expected SG&A expenses. They view the Yellow Line and Pink Line operations as still needing time to reach breakeven, with expenses from the Visionary Park building also weighing on performance.
BTS Group Holdings Public Company LimitedWidened quarterly loss and broker target cut to 2 baht with worse FY2027 forecast.
