JMT stock chart creates a pagoda shape.

JMT stock chart makes a pagoda shape / By Longtunman
JMT or JMT Network Services Public Company Limited
Some people have already heard the name. You may not be aware of it yet.

But I must say that JMT is a subsidiary of JMART or Jaymart Group Holdings Public Company Limited which operates a retail store for IT products.

JMT operates 3 main companies.

– Debt tracking and collection service work
Covers contract tracing and debt collection. Including legal work, including filing lawsuits and investigating cases

– Troubled debt management work
By purchasing distressed debts from financial institutions or various companies and using them to manage debt collection

But then JMT stock price gradually declined and never returned to its original level again.

As of today, JMT stock is priced at just 22.5 baht per share.
The company is valued at only 33,000 million baht.

In other words, JMT stock price and value lost more than -74% in less than two years, starting at the peak.

If we look at the JMT stock chart, we will see that it is creating a pagoda shape.

What is interesting is if we take a look at the operating results of the company.

In 2020, income was 3,207 million baht, and profit was 1,047 million baht.
In 2021, income was 3,656 million baht, and profit was 1,400 million baht.
In 2022, its revenues reached 4,468 million baht and its profits reached 1,746 million baht.

The first nine months of 2023 generated revenues of 3,786 million baht and profits of 1,470 million baht.

If you look at the surface, you will see that both income and profits have good growth and this should help drive the share price.

However, looking at operating results only it is just a one dimensional view.
Because of the investment there are many other dimensions to take into consideration as well.

Especially with regard to the cheapness and high prices of stocks.

Since JMT was a hot stock with a story, it was bought by many people. Even the stock price rose higher than the reality
This can be seen from the P/E or the ratio of a company's value to profit. Which indicates the initial cheapening of shares

JMT's P/E was at 58-74 times during 2022, which is considered very high. When compared to the nature of the work

This is normal. That if the company cannot create the growth as quickly as investors expect
The stock price will be gradually adjusted to a more reasonable price.

Currently, JMT's P/E is around 15-16 times.

While the picture perceived by investors for JMT may not be as bright as in previous years due to concerns about the competitive environment. Which has more competitors

In addition to concerns about the debtor’s ability to repay his debts during the fragile economic conditions.