BAM Groep soars after strong H1, outlook bump

** Shares in Dutch construction group BAM Groep BAMNB climb 12%, taking YTD gains to over 98%, after a strong set of results in the first half and a higher 2025 forecast

** BAM reported a 40% Y/Y increase in adjusted core earnings (EITDA) to 176 million euros ($207.03 million) and said it expects an adjusted EBITDA margin of "at least" 5% this year, from about 5% it had forecast previously

** The Amsterdam-listed stock is up to 8.3 euros by 0757, its highest price since 2008, with trades at almost double their 30-day moving average full-day volume

** If gains hold, shares on track for its best day since February 2024

** YTD gains make BAM vulnerable to profit taking, ING analysts say, confirming a TP of 5.9 euros and "buy" rating

($1 = 0.8501 euros)