Krungsri Securities expects JMT to have passed its trough and sees a profit recovery trend in the second half of 2025, raising its target price to 16.00 baht per share from 13.00 baht per share, while maintaining a buy recommendation. It forecasts second-quarter 2025 net profit of 258 million baht, up 4 percent from a year earlier and 2 percent from the previous quarter, driven by lower ECL provisioning and a continued recovery in profit contributions from JK. The broker has also raised its 2025 to 2027 net profit estimates by an average of 12 percent to 1.18 billion baht, 1.29 billion baht, and 1.39 billion baht, respectively, and expects second-half 2025 net profit to rise to a range of 300 to 350 million baht per quarter, supported by government policies and easing provisioning.
JMT Network Services Public Company LimitedKrungsri Securities raised target price and maintained buy recommendation, citing profit recovery and lower provisioning.