BTS holds 50 billion baht in cash after Bangkok debt repayment, adjusts investment strategy for faster returns

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BTS Group Holdings has cash on hand of up to 50 billion baht after receiving debt repayment from the Bangkok Metropolitan Administration of approximately 36 billion baht. Chairman of the Executive Committee Keeree Kanjanapas revealed at the annual general meeting of shareholders that the company targets revenue for the fiscal year 2026/27 at 27 billion baht and forecasts recurring EBITDA of 9 to 10 billion baht. Although the company posted a net loss of 1.152 billion baht last year due to impairment of its investment in Jaymart shares and the impact of share prices in other portfolios, the shareholders' meeting approved the transfer of share premium of 6.20291 billion baht to offset accumulated losses, which will help clean up the financial statements and enable the resumption of dividend payments as soon as possible after a two-year suspension. The Pink Line and Yellow Line rail businesses still need about three more years to reach breakeven. Meanwhile, the company is adjusting its strategy to re-enter the affordable property sector through Ban Chao Thai Company Limited with two projects worth a combined 19.45 billion baht, and is downsizing the U-Tapao airport passenger terminal to accommodate 3 million passengers per year, down from 16 million, to align with the government's expansion of Suvarnabhumi and Don Mueang airports.

Impact on assets 2

Smart City / Autonomous Infrastructure▲
Digital Finance & Tokenization▼
Jay Mart Public Company Limited
JMART
▼ NegativeCapitalrelevance

BTS posted a net loss due to impairment of its investment in Jaymart shares, indicating negative impact on Jaymart's valuation.