The share price of Jay Mart Public Company Limited (JMART) rose ฿1.20/share or 6.56% to ฿19.50/share with a trading value of 685 million baht as of 16:09 local time in Thailand.
Krungsri Securities has given a “BUY” recommendation on JMART at a target price of ฿20.70/share after the share has been included in SET100 index in lastest adjustment in mid-December. Analyst expects the Shop Dee Mee Kuen campaign (Shop and Payback) to enhance JMART’s earnings. Meanwhile, JMART’s subsidiaries JMT and SINGER continue to grow continuously.
Kingsford Securities has recommended “Speculating Buy”, giving a target price at ฿19.00/share, seeing a continued growth in 4Q20, supported by Thai baht appreciation, purchasing power bounce back, government stimulus measures such as Shop Dee Mee Kuen campaign, as well as work-from-home regulations.