JMT Jumps Nearly 12% as Analyst Looks Ahead to 43% CAGR Growth with Target Price at THB103

The share price of JMT Network Services Public Company Limited (SET: JMT) jumped 11.76% to close at THB76.00 per share, following a positive sentiment from the inclusion in MSCI Global Standard Index that analysts expected $78 million of inflow from the addition by MSCI, while the share price were also underperforming in the past few weeks.


The company reported a net profit of 366 million baht in 1Q22, increased 29.75% from a net profit of 282 million baht. The net profit margin stood at 31.5% percent. Along with 33% increase in revenue, cash collection was 1,458 million baht, increased 45% from the same period last year and also an all-time high record of the company as well. 


Meanwhile, Maybank Securities (Thailand) (MST) has given a “BUY” recommendation on JMT with a target price at ฿103.00/share, representing an upside of nearly 50% from the current price at THB68 per share.

MST expected JMT’s 2022 earnings to grow 66% to 2,324 million baht with a strong EPS growth. Estimated 2021-23 CAGR is 43%. JMT currently trades at 40x PE with 0.93x PEG. Attractiveness of the company also rises after being listed in MSCI Global Standard.