Synnex (Thailand) vs Jay Mart: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Synnex (Thailand) Public Company Limited (SYNEX.BK)

Q3 20266 Aug – 10 Sep 2026

▲4

SYNEX rides AI, Apple and solar demand to lift 2026 outlook

Q2 profit beat and dividend SYNEX's Q2 2026 profit rose 17% to THB 223 million, beating expectations, and it declared an interim dividend of THB 0.10 per share. Brokers raised target prices to as high as THB 12.60, signalling confidence and likely supporting the stock.
This is the first report of strong earnings and dividend, a key positive catalyst for the stock.
Solar subsidy to boost demand The Finance Ministry plans to subsidize 50,000 baht per household for solar rooftop installations. Analysts see this benefiting SYNEX, which sells solar and energy solutions, potentially driving more sales and profit growth.
New government policy directly linked to SYNEX's energy business, a fresh demand driver.
New growth engines: AI, cloud, energy, DaaS SYNEX is expanding into AI infrastructure, cloud, energy, and device-as-a-service, with solar sales up 913% and inverters up 1,751% in the first half. It targets tenfold cloud growth with AWS and recurring revenue from DaaS, positioning for long-term growth.
New strategic initiatives that diversify revenue and could drive future earnings, a fresh positive development.
Confidence in 53bn revenue target, Apple and AI demand SYNEX reaffirmed its 2026 revenue target of 53 billion baht, citing strong Apple product demand and AI trends. New iPhone 18 and foldable iPhone Duo are expected to sell well, with stock arriving. However, rising memory and storage costs from AI competition pressure margins, managed by brand diversification.
Latest management outlook and product cycle news that directly affect revenue and profitability, with a balanced view of cost pressures.

August 20266 Aug – 10 Sep 2026

▲4

SYNEX rides AI, Apple and solar demand to lift 2026 outlook

Q2 profit beat and dividend SYNEX's Q2 2026 profit rose 17% to THB 223 million, beating expectations, and it declared an interim dividend of THB 0.10 per share. Brokers raised target prices to as high as THB 12.60, signalling confidence and likely supporting the stock.
This is the first report of strong earnings and dividend, a key positive catalyst for the stock.
Solar subsidy to boost demand The Finance Ministry plans to subsidize 50,000 baht per household for solar rooftop installations. Analysts see this benefiting SYNEX, which sells solar and energy solutions, potentially driving more sales and profit growth.
New government policy directly linked to SYNEX's energy business, a fresh demand driver.
New growth engines: AI, cloud, energy, DaaS SYNEX is expanding into AI infrastructure, cloud, energy, and device-as-a-service, with solar sales up 913% and inverters up 1,751% in the first half. It targets tenfold cloud growth with AWS and recurring revenue from DaaS, positioning for long-term growth.
New strategic initiatives that diversify revenue and could drive future earnings, a fresh positive development.
Confidence in 53bn revenue target, Apple and AI demand SYNEX reaffirmed its 2026 revenue target of 53 billion baht, citing strong Apple product demand and AI trends. New iPhone 18 and foldable iPhone Duo are expected to sell well, with stock arriving. However, rising memory and storage costs from AI competition pressure margins, managed by brand diversification.
Latest management outlook and product cycle news that directly affect revenue and profitability, with a balanced view of cost pressures.

Latest6 Aug – 10 Sep 2026

▲4

SYNEX rides AI, Apple and solar demand to lift 2026 outlook

Q2 profit beat and dividend SYNEX's Q2 2026 profit rose 17% to THB 223 million, beating expectations, and it declared an interim dividend of THB 0.10 per share. Brokers raised target prices to as high as THB 12.60, signalling confidence and likely supporting the stock.
This is the first report of strong earnings and dividend, a key positive catalyst for the stock.
Solar subsidy to boost demand The Finance Ministry plans to subsidize 50,000 baht per household for solar rooftop installations. Analysts see this benefiting SYNEX, which sells solar and energy solutions, potentially driving more sales and profit growth.
New government policy directly linked to SYNEX's energy business, a fresh demand driver.
New growth engines: AI, cloud, energy, DaaS SYNEX is expanding into AI infrastructure, cloud, energy, and device-as-a-service, with solar sales up 913% and inverters up 1,751% in the first half. It targets tenfold cloud growth with AWS and recurring revenue from DaaS, positioning for long-term growth.
New strategic initiatives that diversify revenue and could drive future earnings, a fresh positive development.
Confidence in 53bn revenue target, Apple and AI demand SYNEX reaffirmed its 2026 revenue target of 53 billion baht, citing strong Apple product demand and AI trends. New iPhone 18 and foldable iPhone Duo are expected to sell well, with stock arriving. However, rising memory and storage costs from AI competition pressure margins, managed by brand diversification.
Latest management outlook and product cycle news that directly affect revenue and profitability, with a balanced view of cost pressures.

Jay Mart Public Company Limited (JMART.BK)

Q3 202613 Aug – 27 Sep 2026

▲3

JMART swings to strong profit, sets 2bn baht 2028 goal, shifts to asset-light growth

Q2 profit surge and broker upgrade JMART's second-quarter profit jumped sharply from a year earlier, helped by fatter margins and more earnings from its partner businesses. A broker upgraded the stock to Buy and raised its target to 12.80 baht, saying the second half should keep improving.
This is the core new earnings news that re-rates the stock.
Group-wide recovery led by phone lending Almost every company in the group turned healthier, with phone-installment lending (Lock Phone) the main engine. JMART lends through its phone shops and partner networks, so more lending means more interest income and more phone sales at the same time.
Explains the underlying force behind the profit recovery, not just one quarter.
JUMP+ plan targets 2bn baht profit by 2028 Management laid out a plan to lift group profit to 2 billion baht by 2028, expecting a record year now. It also plans to list three subsidiaries on the stock exchange, which could unlock value for JMART shareholders.
Sets the medium-term profit target investors are now pricing in.
Stops new branches, cuts costs, but growth depends on partners JMART will stop opening new phone shops to cut rent and fixed costs, and instead sell through dealers and small stores. That should lift profit margins, but it also means growth now relies on partners performing, and the 2 billion baht goal is still years away.
The restructuring is the newest strategic shift and carries a real execution risk.

September 202613 Aug – 27 Sep 2026

▲3

JMART swings to strong profit, sets 2bn baht 2028 goal, shifts to asset-light growth

Q2 profit surge and broker upgrade JMART's second-quarter profit jumped sharply from a year earlier, helped by fatter margins and more earnings from its partner businesses. A broker upgraded the stock to Buy and raised its target to 12.80 baht, saying the second half should keep improving.
This is the core new earnings news that re-rates the stock.
Group-wide recovery led by phone lending Almost every company in the group turned healthier, with phone-installment lending (Lock Phone) the main engine. JMART lends through its phone shops and partner networks, so more lending means more interest income and more phone sales at the same time.
Explains the underlying force behind the profit recovery, not just one quarter.
JUMP+ plan targets 2bn baht profit by 2028 Management laid out a plan to lift group profit to 2 billion baht by 2028, expecting a record year now. It also plans to list three subsidiaries on the stock exchange, which could unlock value for JMART shareholders.
Sets the medium-term profit target investors are now pricing in.
Stops new branches, cuts costs, but growth depends on partners JMART will stop opening new phone shops to cut rent and fixed costs, and instead sell through dealers and small stores. That should lift profit margins, but it also means growth now relies on partners performing, and the 2 billion baht goal is still years away.
The restructuring is the newest strategic shift and carries a real execution risk.

Latest13 Aug – 27 Sep 2026

▲3

JMART swings to strong profit, sets 2bn baht 2028 goal, shifts to asset-light growth

Q2 profit surge and broker upgrade JMART's second-quarter profit jumped sharply from a year earlier, helped by fatter margins and more earnings from its partner businesses. A broker upgraded the stock to Buy and raised its target to 12.80 baht, saying the second half should keep improving.
This is the core new earnings news that re-rates the stock.
Group-wide recovery led by phone lending Almost every company in the group turned healthier, with phone-installment lending (Lock Phone) the main engine. JMART lends through its phone shops and partner networks, so more lending means more interest income and more phone sales at the same time.
Explains the underlying force behind the profit recovery, not just one quarter.
JUMP+ plan targets 2bn baht profit by 2028 Management laid out a plan to lift group profit to 2 billion baht by 2028, expecting a record year now. It also plans to list three subsidiaries on the stock exchange, which could unlock value for JMART shareholders.
Sets the medium-term profit target investors are now pricing in.
Stops new branches, cuts costs, but growth depends on partners JMART will stop opening new phone shops to cut rent and fixed costs, and instead sell through dealers and small stores. That should lift profit margins, but it also means growth now relies on partners performing, and the 2 billion baht goal is still years away.
The restructuring is the newest strategic shift and carries a real execution risk.