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Bangkok Expressway and Metro target price raised to THB8.20 on catalysts

Verifying
  • Bangkok Expressway and Metro is expected to secure bondholder approval for a higher debt covenant ratio.
  • 3.0x would replace the current 2.5x ratio, while shares rose 0.8% to THB6.65.
  • 2027 projects and a September 2028 toll increase are expected to support record 2029 earnings.
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