JMART Jumps 4% as Analyst Recomm. “Accumulate” at ฿18 over Gov’t Scheme and Lower P/E

The share price of Jay Mart Public Company Limited (JMART) closed the morning session on Monday with an increase by ฿0.60/share or 3.70% to ฿16.80/share with a trading value of 441 million baht.

 

Capital Nomura Security stated that JMART, the leading mobile and accessories seller, will benefit from the government’s “Shop Dee Mee Kuen” scheme.

Meanwhile, Asia Plus Securities (APS) raised JMAKRT as its top pick due to its strong fundamentals and the possibility to be listed in SET100. Moreover, JMART is the only company in the market that mainly sells mobile phones, which covers all brands, while having numerous selling channels, including its subsidiaries that provide financial support for customers.

APS stated that JMART was traded at 18x PER21, but still lower than COM7 that traded at 35x, thus, giving a target price at ฿18.00/share for “Accumulate BUY”