JMART and JMT shares suffer sharp drop after capital increase announced #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

JMART and JMT shares suffer sharp drop after capital increase announced

EconSep 11. 2020

By The Nation

Stock prices of Jaymart (JMART) and its subsidiary JMT Network Services (JMT) fell sharply in the morning session on Friday after they announced they were increasing their capital.

As of 11.01am, JMART’s stock had dropped by Bt1.30 or 8.44 per cent to Bt14.10 per share, while JMT fell by Bt2 or 6.20 per cent to Bt30.25.

JMART will offer 362.64 million additional ordinary shares to existing investors and a limited group, as well as issuing up to Bt3 billion in bonds, while JMT will offer 464.31 million ordinary shares, 107 million of which will be offered via warrants to existing investors and a limited group of investors.

An analyst at Capital Nomura Securities said JMART’s move to boost capital will pressure its stock price in the short term.

“JMART’s Interest-Bearing Debt to Equity Ratio (IBD/E) is currently 2.6 times, but we expect the company will be able to generate revenue from a joint venture with Korean partners in J fintech within this year.”

The analyst said their securities company had not adjusted its forecast for JMART’s performance, but it may be changed next week.

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