JWD Expects 53% Profit growth, Recognising Profit-Sharing from “Transimex” in Vietnam
 JWD Expects 53% Profit growth, Recognising Profit-Sharing from "Transimex" in Vietnam
JWD Expects 53% Profit growth, Recognising Profit-Sharing from "Transimex" in Vietnam
8 ก.ค. 2562

In the morning session, JWD Infologistics Public Company Limited (JWD) closed at THB9.55, increased THB0.20 or 2.14%. During the session, the highest of JWD’s share price was at THB9.65 and the lowest was THB9.40 with a trading value of THB109 million. 
Finansia Syrus Securities recommended “BUY” JWD share with the target price at THB12/share. This year JWD has gained more benefit due to investing heavily from the last year. Finansia expects JWD’s profit increases by 53% to THB370million.  One of the businesses which help to increase JWD’s profit is holding 23.36% share of Transimex, a big 3rd logistic company in Vietnam which has recognized the profit-sharing since 2Q/2019. As a result, the analyst expects the profit-sharing will increase by 17-20% or THB70-75 million/ year.
Moreover, JWD also gains the benefit from the business in Phnom Penh, Cambodia which are PPSEZ, the industrial, JWD holds 16.6% share, and Bok Seng Logistics, JWD holds 40% share. Both of the businesses affected by moving the production base of China, so, the analyst expects the two business gains more income this year.
As for the joint venture company “Food Service” with Taiwan since last year, there is a plan to expand the business to the Philippines, Cambodia, and Vietnam. 
 