Stock Market: Jet Contractors Reserved for Increase After a Surge of New Contracts

This week has been particularly fruitful for the construction operator Jet Contractors. The company secured strategic contracts, including the expansion and redevelopment of the Marrakech-Menara airport terminal facilities for over 1.8 billion dirhams, as well as the final section of the Casablanca-Rabat highway for nearly 600 million dirhams. These new contracts strengthen an already robust order book, estimated at nearly 9 billion dirhams as of the end of March. To support the financing of its projects, the company had previously issued bonds in the spring. Investor reaction was swift, with the stock quickly reserved for an increase of 10%, driven by strong buying interest. Beyond these commercial successes, Jet Contractors continues to attract the attention of analysts and investors. The management made a notable impression earlier this summer during the annual BMCE Capital conference, discussing several strategic projects. According to market consensus established by Boursenews, the company is expected to surpass the historic threshold of 4 billion dirhams in revenue for the first time this year, with a net profit anticipated to exceed 200 million dirhams, doubling the results from 2024.