JMT Says No Impact from BOT’s Slashing Debt Collection Fees as Shares Bounce Back
JMT said that the company had no impact from BOT's slashing debt collection fees as shares bounced back.
JMT Network Services Public Company Limited (JMT) hiccuped on its trading session yesterday from the sudden selloff from investors amid reports that the Bank of Thailand (BOT) will cut debt collection fees measures to assist debtors amid Covid-19 outbreak.
The share price of JMT slipped 3.3% on August 5, 2021, to close at ฿43.75/share as investors were panicking over the impact from such measure that could diminish JMT’s revenue for the year.
Following the call with JMT, Mr. Sutthirak Traichira-aporn, Chief Executive Officer of JMT, told “Kaohoon Online” that the company had only a slight to no impact from the measure as the company does not have the debt collection fees. On the other hand, debtors who complete the payment through “Jaii-Dee” application prior or on the due date will earn JFIN Coin for further use as a discount on the company’s products.
The share price of JMT rebounded from a negative morning session to trade at ฿44.25/share, representing a 1.14% gain as of 16:00 local time in Thailand on August 5, 2021.