BTS Rises over 2.5% as BMA Settles THB23 Billion E&M Debt

On Wednesday at 2:58 PM (Bangkok time), the share price of BTS Group Holdings Public Company Limited (SET: BTS) rose by 2.68% or THB 0.15 to THB 5.75, with a trading value of THB 389.85 million, after the market digested the report regarding the debt disbursement from Bangkok Metropolitan Administration (BMA).

The report from BMA stated that the sector had disbursed its debt on the Electrical and Mechanical Contract (E&M) to BTS in a total amount of THB 23.09 billion on April 2, 2024. BTS executives showed gratitude toward the BMA, especially Bangkok Governor Chadchart Sittipunt, while also stating that BTS would benefit from the debt disbursement in terms of the cash flow, which affected the overall operation of the company, and the benefit for customers using services.

Regarding the Operation and Maintenance (O&M) debt for the BTS Green Line, the matter is in the consideration process by the Supreme Administrative Court.