JMART Introduces Business Plans amid Virus Outbreak, Emphasizing of Sufficient Cash Flow

Jaymart Public Company Limited (JMART) has stated that pursuant to the company which has a core subsidiary Jaymart Mobile Company Limited which engages in the business of selling mobile phone devices and accessories. JMART is aware of government measures to prevent the spread of COVID-19. (Shopping center closures in Bangkok and perimeter) start 22nd March until 12th April 2020. The company’s subsidiaries must be closed in accordance with the policy.

 

JMART’s subsidiaries have management guidelines to control the effects as follows;

1) For the government measures to prevent the spread of COVID-19. JMART notifies

customers and employees through the company’s communication channels. In addition, as a member of Jaymart Group of Companies for those the staff that has impacted the subsidiary with the collaboration of companies in the Synergy Group some of the staff of the company have already worked in the debt collection business of JMT Network Services Public Company Limited, according to the Business Continuity Plan (BCP) on human resources immediately. Employee training and the workplace have been prepared. JMART expects an increase in cash collection from this measure.

2) JMART has stimulated sales channels in the upcountry region. That still has good sales. And using sales channels through the company’s Synergy channel such as “Singer,” including direct sales by the company’s representative group.

3) JMART has stimulated sales through the company online channel: www.jaymartstore.com by encouraging promotions with mobile brands and other promotions.

4) The company manages inventory by relocating inventory to the potential channel which still has the potential to sell the product such as direct sale and online.

The aforementioned action plans are compiled with the Business Continuity Plan (BCP) of Jaymart Group of Companies which has been prepared since the beginning of Covid-19 spread-out.

 

Jaymart Public Company Limited operates as a Holding Company with Synergy among a group of companies. There are various businesses in the group of companies. The company is very confident that the diversified business distribution will make the company’s turnover be able to resist the fluctuation of the economy. Under the synergy group, JMART will be able to help each other to achieve the company’s goal. The group of companies consists of key subsidiaries and associated company as following;

1) Jaymart Mobile Co., Ltd

2) JMT Network Services Public Company Limited

3) JAS Asset Public Company Limited

4) J Fintech Co., Ltd

5) J Ventures Co., Ltd

6) Beans and Brown Co., Ltd

7) Singer (Thailand) Public Company Limited (Associated Company)

 

In addition, JMART has sufficient cash flow for debt repayment due to the company forecast and assesses the readiness of the cash flow position for its operation throughout the year.

JMART considers the safety of customers, employees and the tenants of community centers. The response is considered to be in accordance with government measures. For the spread of the Covid-19 virus unravel as soon as possible.