JMART Group Edges Higher amid Positive Outlook from Continuous Business Expansion

The share price of Jay Mart Group edged higher on April 1, 2021, in anticipation of future growth from its business expansion.

 

Jay Mart Public Company Limited (JMART) rose ฿0.75/share or 1.75% to ฿43.50/share with a trading value of 316 million baht.

JMT Network Services Public Company Limited (JMT) rose ฿1.00/share or 2.1% to ฿47.50/share with a trading value of 371 million baht.

Singer Thailand Public Company Limited (SINGER) rose ฿2.75/share or 6.67% to ฿44.00/share with a trading value of 524 million baht.

Jas Asset Public Company Limited (J) rose ฿0.36/share or 10.53% to ฿3.78/share with a trading value of 358 million baht.

 

KTB Securities (Thailand) (KTBST) stated that the group made an advancement again after a series of rallies in the past months due to an anticipation from investors on the group’s business expansion for continuous expansion in the future.

 

Today, the Board of Directors of JMT has approved in principle for the investment in True Valuation Co., Ltd. (True) and KT Appraisal Company Limited (KT) which operates the asset appraisal business and valuer.

The Board of Directors approves in principle to invest in both companies in the proportion of holding not more than 55% of the paid up capital of both companies by investing in newly issued shares not exceeding 61,111 shares and 114,889 shares for KT and True. The investment with an investment value of not more than 7 million baht for KT. and an investment value of not more than 11 million baht for True.

 

The benefits that the company has received are Asset Appraisal Business. This can continue to expand the company’s business in providing valuation services to financial institutions which are business partners of the company including third parties that need to conduct asset appraisals. Both companies have expertise in asset valuation with industry-competitive reliability, cost and operational timing. This will be the business of the company in the company’s ecosystem in the future.