JMART Expects a 2020 Performance to Hit a New High, Contributing by JMT-SINGER’s Growth

Mr. Adisak Sukumvitaya, Chief Executive Officer of Jay Mart Public Company Limited (JMART), has stated through “Kaohoon Jortalad” program on August 19, 2020, that the company’s performance in the second half of 2020 would continue to reach a new high as the 4Q is a high season of its business.

 

The factors contributed to JMART’s continuous growth would be profit sharing from its subsidiaries such as JMT Network Services Public Company Limited (JMT) and Singer Thailand Public Company Limited (SINGER), in which both corporates also saw constant growth as well.

Maybank Kim Eng estimated JMART’s target price around Baht 16.20-17.60 per share, while noting that JMT and SINGER were able to successfully bring themselves into the growth stage, outperforming other stocks in the financing sector affected by the coronavirus outbreak. Maybank estimated JMART’s CAGR to grow 20% in 2020-22.