Stock Breakdown: JMT

The company offers debt collection service for a fee of 8-10 per cent pa and buys distress debt for capital gains. Recent interest in the share price appears from the assumption that adaption of IFRS9 accounting standard by banks in Jan 20, and rising debt in the financial system will lead to increased supply of distress debt at a cheap price. 

At the end of last quarter, JMT had a distress debt of 8.0 billion baht, which may rise to 10 billion baht by the end of the year, as few analysts forecast. Distress debt purchased during extreme economic lows — such as what Thailand is going through currently — can result in the hefty gains in the long term.

While the supply of distress debt would certainly rise, we remain skeptical of the returns from bad loans. Given the worsening economic state, bad debts could remain bad or could possibly get worse. 

JMT is trading on PER of 30x 2020 vs. BAM’s 19x. While we advise investors to steer clear of financial sector stocks, our pick between the two is BAM, which has a much larger portfolio and experienced management than JMT.

Stock Price Info

Stock Fundamental

Peer Comparison

Stock Price Chart

Advertisement -


Thailand discovers nine new cases of coronavirus in state quarantine on Tuesday

Thailand’s government on Tuesday said that it had discovered nine new case of coronavirus in the last 24 hours.
Advertisement -
Advertisement -

Latest article

Opinion: The protesters are taking steps to avoid violence and provoking the state but will they listen?

Third hands and agent provocateurs exist in every conflict.They are one of the most difficult things to...

A brief guide to keeping yourself safe online as the government cracks down on dissent

In many countries around the world, both ostensibly democratic and not, providers of communications services are often coerced to support the views...

Opinion: Prayut is a symptom not the disease that plagues Thai democracy; both must go

It was supposed to be another good coup. Prayut Chan-o-cha and his band of Royal Thai Army loyalists promised to return “happiness...

Parliament to reconvene early; Prayut says media gag order necessary to fight fake news

The parliament will reconvene in a special session on October 26 to talk about the ongoing political crisis, the cabinet decided on Tuesday.

Academics and teachers call on government to heed student-protesters

The Thai Academic Network for Civil Rights (TANC) marched to the government house to submit a petition urging Prime Minister Prayut Chan-ocha...

Thailand to open skies to ten foreign airlines while first group of Chinese tourists arrives on Tuesday

The Ministry of Transport said on Tuesday that it would allow ten foreign airlines to gradually launch regular flights to Thailand as...