JWD Surges 5% in Anticipation of Strong Performance in 4Q

The share price of JWD Infologistics Public Company Limited (SET: JWD) rose THB 1.10/share or 5.37% to THB 21.60/share, with a trading value of THB 242.41 million.

DAOL Securities (DAOL) said in a research last month, expecting performance of JWD in the fourth quarter of 2022 to record the same amount of profit increase as the previous quarter in every business including transportation-cold storage and other businesses. The profit for the nine-month period accounts for 70% of the whole year estimation.

In 2023, DAOL sees an upside in earnings and the target price. The analyst excluded the merger of business between SCGL to its 2022 profit estimate of 616 million baht, an increase of 7.8%, and in 2023 at 656 million baht, an increase of 6.6%.