JMART announces that this year it will return to the popular arena – Miti Hoon

Stock Dimensions – JMART Declare your potential in 2024, prepare to return to the arena of growth and be confident that the budget for the second half of the year will be better than the first half. Prepare to provide loan services to purchase mobile phones from 3 famous brands

JMART or Jaymart Group Holdings Public Company Limited revealed to Mr. Adisak Sukhumwittaya, CEO, that the company's operating results this year will turn around. He admitted that the group's operating results were affected last year by SINGER and SGC, but they are now looking for a solution. Introducing the new business model, a platform to provide loans for the purchase of mobile phones from 3 brands with a combined market share of 47%, namely Xiaomi, Oppo and Vivo through a network of 5,000 branches, is scheduled to officially open the service in June. It is expected that sales will reach 100,000 units per month by the end of this year.

Opening a loan application form to purchase mobile phones from 3 famous brands

Such business is expected to provide a return of 28% and will help resolve the issues of SGC and SINGER, which will impact the operating results of the JMART Group. This year it came back strong. It is growing more than before and is confident that the operating results for the second quarter/67 will be better than Q1/67. It is certain that the operating results in the second half of the year will be better than the first half.

The budget has reached its lowest levels.

Krungsri Securities' operating results have crossed the lowest point. But recovery takes time to manage SINGER's asset quality. Including JMT's earnings, which slowed according to the ability to collect debt. The results of the second quarter of 2024 are expected to be stable because JMT still has cash collection, but it is expected to see a better trend in the second half of the year. By improving JMT's purchasing, debt collection and Locked Phone loan processes, this will help sell products and expand SINGER's loan portfolio.

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