At the end of the morning session on Tuesday, the share price of Jenkongklai Public Company Limited (SET: JPARK) rose by 3.31% or THB 0.16 to THB 5.00, with a trading value of THB 2.63 million.
Globlex Securities expects JPARK to see earnings growth in 1Q25 compared to both the previous quarter and the same period last year, driven by revenue recognition from the Phra Nang Klao Hospital parking building project and additional commercial rental space exceeding 1,000 square meters.
Additionally, the Parking Slot (PS) business is showing signs of improved utilization rates. The analyst projects the company’s revenue for 2025 to be around THB 619 million, marking a 23% increase from the previous year. This is supported by the full-year revenue contribution from the Phra Nang Klao project for the first time and one new PS business project expected to clarify in the first half of 2025.
JPARK’s normalized profit for 2025 is forecasted to reach THB 98 million, reflecting a 9.9% growth from the previous year.
