On Tuesday at 11:44 a.m., the shares of JMART and its subsidiaries surged across the board, led by Jaymart Group Holdings Public Company Limited (SET: JMART), which was traded at THB 8.75, a THB 0.10 or 1.16% increase with a total trading value of THB 214.91 million.
Meanwhile, JMT Network Services Public Company Limited (SET: JMT) was traded at THB 10.80, a THB 0.40 or 3.85% increase with a total trading value of THB 151.45 million.
Singer Thailand Public Company Limited (SET: SINGER) was at THB 7.45, a THB 0.60 or 8.76% increase with a total trading value of THB 75.28 million.
SG Capital Public Company Limited (SET: SGC) was traded at THB 1.23, a THB 0.09 or 7.89% increase with a total trading value of THB 145.47 million.
Lastly, JAS Asset Public Company Limited (SET: J) was at THB 0.63, a THB 0.02 or 3.28% increase with a total trading value of THB 137,710.
Adisak Sukumvitaya, Chief Executive Officer of JMART, led the management team to provide information at the Opportunity Day event of the Stock Exchange of Thailand (SET).
Adisak stated that this year JMART Group has set a target to boost profits back to THB 1 billion by proceeding with the ‘The Power of Synergy’ strategy. The aim is to integrate the capabilities of subsidiaries efficiently, along with focusing on reducing company debt to lower interest expenses and enhance profitability.
The businesses with potential and continued growth include JMT, which has been able to collect outstanding debts effectively even in volatile economic conditions. The company can quickly recover funds from investment portfolios and has also improved its gross margin.
At the same time, JMT continues to maintain a high level of provisions for expected credit losses (ECL) to address uncertainties, which is expected to be a short-term pressure factor over the next two quarters but will benefit the long-term strength of the business.
