In today’s briefing:
- Primer: JMT Network Services (JMT TB) – Sep 2025
Primer: JMT Network Services (JMT TB) – Sep 2025
- JMT Network Services is a leading debt management company in Thailand, specializing in acquiring and servicing non-performing loans (NPLs). The company has a strong long-term growth track record, benefiting from the structural increase in household debt and NPLs within the Thai banking system.
- The company is currently facing significant near-term headwinds. Earnings in 2Q25 were weak due to higher-than-expected provisions for credit losses and challenges in cash collections, leading to downward revisions in profit forecasts for 2025-2027. This reflects a challenging macroeconomic environment in Thailand.
- Despite current difficulties, the long-term outlook remains constructive. The rising NPL environment provides a steady supply of distressed assets for acquisition. A potential recovery is anticipated in 2026-27, and the company’s valuation appears fair, with an interim dividend offering some support to the share price.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.
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