JMART shifts growth mode, stops opening new branches, targets group profit of 2 billion baht by 2028

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Summary · why it matters

Jaymart Group Holdings, or JMART, has announced a major operational restructuring, moving away from growth driven by rising costs and instead maximising the use of its existing resources. CEO Adisak Sukhumvitaya told the Stock Vision news team that the company aims for Jaymart Mobile, its core mobile phone and accessories distribution business, to post a profit of no less than 300 million baht this year, before rising to 500 million baht in 2027, an average growth rate of about 30% per year. The key strategy is to refrain from opening additional branches in order to cut rental burdens and fixed costs, while shifting to a partner model with dealers and small retail store networks. Meanwhile, upcountry branches with low operating costs will be repositioned as distribution and logistics centres. The lending business will focus on extending credit to stores as working capital within the B2B system. The company estimates the mobile phone and operator market to be worth approximately 200 billion baht, based on trading volume of about 17 million units per year, and it is preparing to launch mobile phones equipped with AI technology under its own developed brand. Additional support comes from the recovery of affiliated companies SINGER, SGC and JMT, as well as the J real estate business, which is awaiting full recognition of rental income over the next one to two years. The medium-term goal is to push group profit back to 2 billion baht by 2028.

Impact on assets 5

Digital Finance & Tokenization▲ · 1 stocks
Industrials▲ · 1 stocks
Financials▲ · 1 stocks
SG Capital PCL
SGC
▲ PositiveCapitalrelevance

SGC cited as an affiliated company whose recovery supports JMART's group profit target

Consumer Discretionary▲ · 1 stocks
Aging Population▲ · 1 stocks
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