Jay Mart eyes B30bn M&A deals in drive for growth
SET-listed Jay Mart, a holding firm engaged in IT retail, finance and technology, aims to reach a 500-billion-baht market capitalisation by 2024, up from 200 billion baht, driven by technological power, new business models, and financial products.
The company also aims to achieve annual net profit growth of 50% over the next three years.
Jay Mart said it is pursuing blockchain, big data, digital technology and innovation to enhance its retail capabilities while also gearing up for 20-30 billion baht worth of M&A deals next year, particularly with consumer-based business and tech-embedded financial services.
"The group is in talks with four targeted companies for the investment deals," said Adisak Sukumvitaya, chief executive of Jay Mart.
The firm yesterday unveiled its new brand identity with the word "Jai", or heart, to reflect its passion in doing business. The approach is aimed at creating emotional value for customers as well as changing consumers' perception of the group, as it moves from being a smart devices distributor to a tech investment holding company.
Mr Adisak said the company is targeting exponential growth by rolling out financial products which give Thais easy access to loans and debt restructuring facilities.
"The group is now worth 200 billion baht through collaborative efforts from teams of employees and partners who share the same goal," Mr Adisak said.
He added that the company's marketing campaign under the "heart" theme will continue until next year, with a budget of more than 80 million baht to build engagement with partners, investors, customers, the general public and employees.
The campaign features an advert titled "Perception – Reality", along with a range of marketing activities, he said.
"We have seriously implemented synergy of our partner ecosystem over the past seven years," he said.
Jay Mart has around 20 affiliated firms in a broad range of business.
The key subsidiaries for the consolidated financial statement are involved in IT distributor Jaymart Mobile, which generates 70% of the group's revenue, followed by 20% from JMT Network Services Plc, which operates a non-performing debt management business.
Others are JAS Asset Public, a commercial real estate and retail space operator, which generates 7% of the group's revenue, and Beans and Brown Co, a coffee chain operator under the brand Casa Lapin and White Café, which contributes another 3%.
According to Mr Adisak, Jay Mart plans to invest in PRTR Plc, a leading recruitment and outsourcing company, allowing Jay Mart to build an ecosystem to support future growth.
He said PRTR plans to file for an initial public offering (IPO) with the Securities and Exchange Commission, and aims to list on the Stock Exchange of Thailand early next year.
SG Capital, a subsidiary of Singer Thailand, a hire purchase service operator in which Jay Mart owns a 25% stake, is set to launch an IPO in November. SG Capital runs a car loan business.
According to Mr Adisak, acquisitions of minor stakes in companies and the pursuit of M&A deals are key to Jay Mart achieving exponential growth.
- Jay Mart