BM GreenTech Berhad (KLSE:BMGREEN) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year’s statutory forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with analysts modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 7.4% over the past week, closing at RM1.89. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from BM GreenTech Berhad’s two analysts is for revenues of RM539m in 2025 which – if met – would reflect a modest 7.3% increase on its sales over the past 12 months. Statutory earnings per share are presumed to leap 28% to RM0.09. Prior to this update, the analysts had been forecasting revenues of RM471m and earnings per share (EPS) of RM0.08…
