BTS-STEC Rally as CP Group Tends to Lose HSR Project!
The share price of BTS and STEC both rally as the CP Group-led consortium shows sign of uncertainty in winning the negotiations with the government for the construction of HSR.
In the morning session of March 8, 2019, BTS Group Holdings Public Company Limited (BTS) and Sino-Thai Engineering and Construction Public Company Limited (STEC) has high trading volume and value as the CP Group-led consortium shows sign of uncertainty in winning the negotiations with the government for the construction of the high-speed railway project connecting three major airports (HSR). If the CP Group failed, BSR Consortium, which consists of BTS, STEC, and Ratchaburi Electricity Generating Holding Public Co., Ltd. (RATCH), who bid the second lowest in the bidding, will start a negotiation with the state instead.
CP Group will negotiate with the state on March 13, 2019.
At 11:45 local time, BTS rose ฿0.40/share or 3.88% to ฿10.70/share with 50.8 million in shares volume and ฿540 million in value. The highest was ฿10.80/share and the lowest of ฿10.40/share.
Meanwhile, STEC gained ฿0.40/share or 1.79% to ฿22.80/share with 11.7 million in shares volume and ฿265 million in value. The highest was ฿22.90/share and the lowest was ฿22.40/share.
