BTS-BA-STEC Edge Higher after Thai Cabinet Approves “BBS” to Invest in “U-tapao Project”!

The share price of BTS Group Holdings Plc (BTS), Bangkok Airways Plc (BA), and Sino-Thai Engineering and Construction Plc (STEC) all rose in the morning session after the Thai Cabinet approved the investment of BBS Consortium, consisted of the three companies, in the U-tapao Airport and Eastern Airport City Project.

 

As of 10:47 local time in Thailand (GMT+7), BTS rose ฿0.20/share or 1.68% to ฿12.10/share with a trading value of 224 million baht.

STEC increased ฿0.20/share or 1.29% to ฿15.70/share with a trading value of 100 million baht.

BA jumped ฿0.30/share or 4.92% to ฿6.40/share with a trading value of 29 million baht.

 

On June 2, 2020, the source close to the selection committee of a public-private partnership in the project revealed that the signing ceremony with the BBS Consortium will be in the morning of June 19, 2020, at the Government House.

The BBS Consortium consists of BTS Group Holdings Public Company Limited (BTS) (35% stake), Bangkok Airways Public Company Limited (BA) with 45% stake and Sino-Thai Engineering and Construction Public Company Limited (STEC) with 20% stake.