BE8 Surges 5.5% as Maybank Expects Profit to Continue Reaching Record High in 4Q

The share price of Beryl 8 Plus PCL (mai: BE8) rose THB 3.25/share or 5.53% to THB 62.00/share. The highest price was at THB 62.00 per share, and the lowest at THB 58.75 per share, with a trading value of 318.21million

Maybank Securities (Thailand) (MST) expected 4Q22 profit to continue reaching record highs from growth in core business and a full quarter of revenue recognition from Extend IT Resource Co. Ltd. (X10). Moreover, the company will start to book income from Bay Computing Company Limited. (BAYCOMS) next year, which should boost the company’s business.

MST has given a “BUY” recommendation with a target price at THB 70.00/share.