SET-listed Jay Mart, a major IT product distributor, expects average annual revenue growth of 50% over the next three years driven by its strength in commerce, finance and technology, along with a foray into the metaverse.
The company said it earmarked 30 billion baht for investment this year, 8 billion of which is to establish several joint ventures to scale up the customer base.
The move aligns with Jay Mart’s strategy to transform its business from an investment holding firm to a tech investment holding company. The firm projects its market cap to reach 527 billion baht in 2024, up from 295 billion forecast for this year.
Jay Mart chief executive Adisak Sukumvitaya said the company’s strong growth projection results from fresh capital of 30 billion baht from the investment by BTS Group Holdings last year through its two subsidiaries — VGI Plc and U City…
