Bangkok siege a boon for Skytrain

Economy January 14, 2014 00:00

By The Nation

The Skytrain should draw a record number of passengers during the Bangkok Shutdown, while shareholders welcomed the Bt0.20 dividend declared by BTS Group Holdings Plc on Friday, brokerages said yesterday.

Keree Kanchanapas, chairman and president of BTSC, said payment of the second interim dividend for the July-September quarter totalling up to Bt2.38 billion was scheduled for February 6. 
Maybank Kim Eng Securities (Thailand) Plc said the Skytrain should enjoy a surge in traffic during the blockade of eight major intersections and roads by anti-government protesters, as people are forced to rely more on mass transit to get around the city. 
The jump in ticket sales would contribute towards the BTS Rail Mass Transit Growth Infrastructure Fund as well as the company’s profit, as BTSC has a 33.3-per-cent stake in the fund.
KGI Securities projects riders on the Skytrain soaring from the current 650,000 per day to 780,000 and on the subway from 200,000 to 300,000 if the demonstration by the whistleblowers is drawn out. The rise in riders would also benefit VGI’s Skytrain advertising business.