BTS share price jumped 6.80% to 2.20 baht after Mr. Keeree Kanjanapas, executive of BTS Group Holdings, revealed the company is preparing to deploy 50 billion baht in cash for new projects focused on quick returns, while also clearing accumulated losses to pave the way for resuming dividend payments in the future. Meanwhile, InnovestX Securities views the target for the Pink Line and Yellow Line to reach breakeven within three years as challenging, given current annual losses of 1.6 billion baht, and expects the company to wait until earnings return to profitability before announcing dividends, maintaining a NEUTRAL recommendation and a target price of 2.3 baht per share.
BTS Group Holdings Public Company LimitedExecutive reveals plan to use 50 billion baht cash for new projects and clear losses, boosting shares.