Reported Earnings • May 21
First quarter 2026 earnings released: EPS: ฿0.04 (vs ฿0.009 in 1Q 2025) First quarter 2026 results: EPS: ฿0.04 (up from ฿0.009 in 1Q 2025). Revenue: ฿1.17b (up 6.1% from 1Q 2025). Net income: ฿45.6m (up 319% from 1Q 2025). Profit margin: 3.9% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year. New Risk • May 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 128% Paying a dividend despite having no free cash flows. Earnings have declined by 26% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (฿1.15b market cap, or US$35.3m). Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 22 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.2%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (6.5%). Declared Dividend • Feb 28
Final dividend of ฿0.02 announced Shareholders will receive a dividend of ฿0.02. Ex-date: 30th April 2026 Payment date: 22nd May 2026 Dividend yield will be 5.1%, which is lower than the industry average of 7.1%. Sustainability & Growth Dividend is not covered by earnings (305% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 239% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: ฿0.03 (vs ฿0.064 in FY 2024) Full year 2025 results: EPS: ฿0.03 (down from ฿0.064 in FY 2024). Revenue: ฿3.89b (down 5.3% from FY 2024). Net income: ฿36.6m (down 52% from FY 2024). Profit margin: 0.9% (down from 1.8% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 26
Communication & System Solution Public Company Limited Proposes Dividend Payment for Operating Period from 1 July 2025 to 31 December 2025, Payable on 22 May 2026 Communication & System Solution Public Company Limited at its Annual General Meeting of Shareholders to be held on April 23, 2026, proposed the allocation of profits as a legal reserve and the payment of dividends for the operating results of the second half of 2025 (1 July 2025 - 31 December 2025) The dividend will be paid in cash at the rate of THB 0.02 per share, with a par value of THB 0.50 per share, in an amount not exceeding THB 23,514,781.78. However, the Board of Directors' Meeting No. 4/2025, held on 8 August 2025, resolved to approve an interim dividend payment for the operating results of the first half of 2025 (1 January 2025 -30 June 2025) at the rate of THB 0.02 per share, totaling THB 23,514,781.78. The Company has already paid such interim dividend to shareholders on 5 September 2025. Accordingly, when combining the dividend to be paid this time with the interim dividend already paid, the total dividend payment for the operating results of 2025 will amount to THB 47,029,563.56, representing 106.47% of the Company's net profit and retained earnings as shown in the separate financial statements for the year 2025. This is in accordance with the Company's dividend payment policy. The Record Date for determining shareholders entitled to receive the dividend will be 5 May 2026, and the dividend payment date is scheduled for 22 May 2026. (The entitlement to receive such dividend remains subject to approval by the Annual General Meeting of Shareholders.) Ex-dividend date is 30 April 2026. Ankündigung • Feb 25
Communication & System Solution Public Company Limited, Annual General Meeting, Apr 23, 2026 Communication & System Solution Public Company Limited, Annual General Meeting, Apr 23, 2026, at 10:00 SE Asia Standard Time. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.053 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.01 (down from ฿0.053 in 3Q 2024). Revenue: ฿882.1m (down 28% from 3Q 2024). Net income: ฿8.45m (down 86% from 3Q 2024). Profit margin: 1.0% (down from 5.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 15
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 05 September 2025. Payout ratio is on the higher end at 92% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (8.0%). Lower than average of industry peers (8.2%). Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.027 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.01 (down from ฿0.027 in 2Q 2024). Revenue: ฿945.4m (down 5.7% from 2Q 2024). Net income: ฿10.2m (down 68% from 2Q 2024). Profit margin: 1.1% (down from 3.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jun 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to ฿0.78. The fair value is estimated to be ฿0.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.8% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.01 loss in 1Q 2024) First quarter 2025 results: EPS: ฿0.01 (up from ฿0.01 loss in 1Q 2024). Revenue: ฿1.10b (up 37% from 1Q 2024). Net income: ฿10.9m (up ฿22.1m from 1Q 2024). Profit margin: 1.0% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 29
Upcoming dividend of ฿0.04 per share Eligible shareholders must have bought the stock before 06 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (9.3%). Ankündigung • Apr 25
Communication & System Solution Public Company Limited Approves Dividend Payment for Operating Period from 1 January 2024 - 31 December 2024, Payable on 23 May 2025 Communication & System Solution Public Company Limited at its Annual General Meeting of Shareholder 2025 held on 24th April 2025, approved the allocation of the net profit and dividend payment for operating results in 2024 from 1st January 2024 - 31st December 2024 by paying cash dividends at the rate of THB 0.04 per share, at a par value of THB 0.50 per share, in an amount not exceeding THB 47,029,563.56 or equivalent
to 64.89% of the net profit of the company's separate financial statements in 2024. Which is in line with the company's dividend payment policy. The record date for the shareholders entitled for the dividend payment will be determined on 7th May 2025 and dividend payment on 23th May 2025. New Risk • Mar 03
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿975.9m market cap, or US$28.4m). Declared Dividend • Feb 28
Dividend increased to ฿0.04 Dividend of ฿0.04 is 100% higher than last year. Ex-date: 6th May 2025 Payment date: 23rd May 2025 Dividend yield will be 4.8%, which is lower than the industry average of 7.1%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.0% EPS decline seen over the last 5 years. Ankündigung • Feb 27
Communication & System Solution Public Company Limited Proposes Dividend Payment for the Year Ended 31 December 2024, Payable on 23 May 2025 Communication & System Solution Public Company Limited at its board meeting held on 26 February 2025 approved to propose the dividend payment for the annual operating results 2024 from 1 January 2024 to 31 December 2024 by paying cash dividends at the rate of THB 0.04 per share at a par value., THB 0.50, not more than THB 47,029,563.56 or 64.89% of the net profit of the company's separate financial statements in 2024, which is in accordance with the company's dividend payment policy. If the Annual General Meeting for the year 2025 resolves to approve the dividend payment as proposed by the Board of Directors by specifying the list of shareholders entitled to receive the dividend (Record Date) on 7 May 2025 and the dividend payment date on 23 May 2025 (the right to receive the dividend is still uncertain Subject to approval from the Annual General Meeting of Shareholders for the year 2025 on 24 April 2025). However, the shareholders must pay income tax on the dividends received under the Revenue Code. (The Company pays dividends from net profit after corporate income tax at a rate of 20%). Ex-dividend date is May 6, 2025. Shareholder's meeting date is April 24, 2025. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: ฿0.06 (vs ฿0.017 in FY 2023) Full year 2024 results: EPS: ฿0.06 (up from ฿0.017 in FY 2023). Revenue: ฿4.11b (up 5.4% from FY 2023). Net income: ฿75.7m (up 274% from FY 2023). Profit margin: 1.8% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 27
Communication & System Solution Public Company Limited, Annual General Meeting, Apr 24, 2025 Communication & System Solution Public Company Limited, Annual General Meeting, Apr 24, 2025, at 10:00 SE Asia Standard Time. New Risk • Nov 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (฿1.22b market cap, or US$35.1m). Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0.009 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.05 (up from ฿0.009 in 3Q 2023). Revenue: ฿1.23b (up 31% from 3Q 2023). Net income: ฿61.8m (up 473% from 3Q 2023). Profit margin: 5.0% (up from 1.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.008 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.03 (up from ฿0.008 in 2Q 2023). Revenue: ฿1.00b (flat on 2Q 2023). Net income: ฿31.5m (up 244% from 2Q 2023). Profit margin: 3.1% (up from 0.9% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
First quarter 2024 earnings released: ฿10.00 loss per share (vs ฿0.022 profit in 1Q 2023) First quarter 2024 results: ฿10.00 loss per share (down from ฿0.022 profit in 1Q 2023). Revenue: ฿800.3m (down 18% from 1Q 2023). Net loss: ฿11.3m (down 143% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 27
Communication & System Solution Public Company Limited Approves Dividend Payment for Operating Results in 2023 from 1 January 2023 - 31 December 2023, Payment on 24 May 2024 Communication & System Solution Public Company Limited at the AGM held on 25 April 2024, approved the allocation of the net profit and dividend payment for operating results in 2023 from 1 January 2023 - 31 December 2023 by paying cash dividends at the rate of THB 0.02 per share, at a par value of 0.50 baht per share, in an amount not exceeding THB 23,514,781.78 or equivalent to 45.59% of the net profit of the company's separate financial statements in 2023. The record date for the shareholders entitled for the dividend payment will be determined on 8 May 2024 and dividend payment on 24 May 2024. Declared Dividend • Mar 04
Dividend of ฿0.02 announced Shareholders will receive a dividend of ฿0.02. Ex-date: 7th May 2024 Payment date: 24th May 2024 Dividend yield will be 2.2%, which is lower than the industry average of 7.1%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 10% to shift the payout ratio to a potentially unsustainable range, which is less than the 35% EPS decline seen over the last 5 years. Reported Earnings • Mar 02
Full year 2023 earnings released: EPS: ฿0.02 (vs ฿0.098 in FY 2022) Full year 2023 results: EPS: ฿0.02 (down from ฿0.098 in FY 2022). Revenue: ฿3.90b (down 16% from FY 2022). Net income: ฿20.2m (down 82% from FY 2022). Profit margin: 0.5% (down from 2.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Ankündigung • Mar 02
Communication & System Solution Public Company Limited, Annual General Meeting, Apr 25, 2024 Communication & System Solution Public Company Limited, Annual General Meeting, Apr 25, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and approve the Minutes of the AGM 2023 held on 26 April 2023; to acknowledge the company's Operation Results of the year 2023; to consider the approval of the financial statements for the year 2023 as at 31 December 2023; to consider the approve the allocation of profits as a legal reserve and payment dividends for the annual operating results 2023; to consider the approval the re-appointment of the Company's Directors in place of the directors who are retired by rotation; to consider the approval the remuneration of directors for the year 2023; to consider the approval the appointment of auditors and determination the auditing fee for the year 2024; and to consider Other Matters (If Any). Ankündigung • Mar 01
Communication & System Solution Public Company Limited Proposes Dividend Payment for the Year Ended 31 December 2023, Payable on 24 May 2024 Communication & System Solution Public Company Limited at its board meeting held on 29 February 2024 approved to propose the dividend payment for the annual operating results 2023 from 1 January 2023 to 31 December 2023 by paying cash dividends at the rate of THB 0.02 per share at a par value., THB 0.50, not more than THB 23,514,781.78 or 49% of the net profit of the Company's separate financial statements in 2023, which is in accordance with the Company's dividend payment policy. If the Annual General Meeting for the year 2024 resolves to approve the dividend payment as proposed by the Board of Directors by specifying the list of shareholders entitled to receive the dividend (Record Date) on 8 May 2024 and the dividend payment date on 24 May 2024 (the right to receive the dividend is still uncertain Subject to approval from the Annual General Meeting of Shareholders for the year 2024 on 25 April 2024). However, the shareholders must pay income tax on the dividends received under the Revenue Code. (The Company pays dividends from net profit after corporate income tax at a rate of 20%). Buy Or Sell Opportunity • Feb 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to ฿1.18. The fair value is estimated to be ฿0.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 3.5%. Buy Or Sell Opportunity • Jan 26
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to ฿1.13. The fair value is estimated to be ฿0.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 3.5%. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ฿1.11, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 13x in the Trade Distributors industry in Thailand. Total loss to shareholders of 32% over the past three years. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.01 (vs ฿0.019 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.01 (down from ฿0.019 in 3Q 2022). Revenue: ฿937.5m (down 11% from 3Q 2022). Net income: ฿10.8m (down 51% from 3Q 2022). Profit margin: 1.2% (down from 2.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.01 (vs ฿0.033 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.01 (down from ฿0.033 in 2Q 2022). Revenue: ฿997.6m (down 23% from 2Q 2022). Net income: ฿9.16m (down 77% from 2Q 2022). Profit margin: 0.9% (down from 3.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.023 in 1Q 2022) First quarter 2023 results: EPS: ฿0.02 (down from ฿0.023 in 1Q 2022). Revenue: ฿979.1m (down 8.3% from 1Q 2022). Net income: ฿26.1m (down 2.5% from 1Q 2022). Profit margin: 2.7% (up from 2.5% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 02
Upcoming dividend of ฿0.05 per share at 6.5% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 25 May 2023. Payout ratio and cash payout ratio are on the higher end at 92% and 78% respectively. Trailing yield: 6.5%. Within top quartile of Thai dividend payers (6.2%). In line with average of industry peers (6.8%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ฿0.02 (vs ฿0.03 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.02 (down from ฿0.03 in 3Q 2021). Revenue: ฿1.05b (up 31% from 3Q 2021). Net income: ฿22.2m (down 37% from 3Q 2021). Profit margin: 2.1% (down from 4.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Vuthichai Duangratana was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 17
Upcoming dividend of ฿0.04 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 8.2%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (5.2%). Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: ฿0.03 (vs ฿0.026 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.03 (up from ฿0.026 in 2Q 2021). Revenue: ฿1.30b (up 61% from 2Q 2021). Net income: ฿39.2m (up 26% from 2Q 2021). Profit margin: 3.0% (down from 3.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 11
Communication & System Solution Public Company Limited Announces Interim Dividend Payment for the Half Year Ended June 30, 2022, Payable on September 9, 2022 Communication & System Solution Public Company Limited announced interim dividend payment for the half year ended June 30, 2022. For the half year, the dividend is THB 0.04 per share, payable on September 9, 2022, record date is August 25, 2022 and ex-date is August 24, 2022. Buying Opportunity • Jun 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be ฿2.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Earnings per share has grown by 22%. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ฿1.92, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 17x in the Trade Distributors industry in Thailand. Total returns to shareholders of 12% over the past three years. Upcoming Dividend • May 02
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 8.6%. Within top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (4.8%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Vuthichai Duangratana was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Mar 01
Communication & System Solution Public Company Limited Proposes Interim Dividend for the Period from 1 July 2021 to 31 December 2021, Payable on 26 May 2022 Communication & System Solution Public Company Limited announced that the Board of Directors Meeting No.1/2022 held on 28 February 2022, Agreed to propose to the Annual General Meeting of Shareholders to consider and approve the dividend payment for operating results in the last 6 months of 2021 from 1 July 2021 to 31 December 2021 by paying cash dividends at the rate of THB 0.10 per share at a par value. THB 0.50, not more than THB 117,573,908.90. However, in 2021, the Board of Directors Meeting No. 3/2021, held on 11 August 2021, has resolved to pay interim dividends for the operating results for the first 6 months of 2021 from 1 January 2021 - 30 June 2021 by paying in cash at the rate of THB 0.03 per share, amounting to THB 35,272,172.67 and has already paid this interim dividend to shareholders on 10 September 2021. Therefore, when bringing dividends during such included with this dividend payment. It will be a dividend payment for the operating results of the year 2021 in the total amount. THB 152,846,081.57, or equivalent to 68.76% of the net profit of the company's separate financial statements in 2021, which is in accordance with the dividend payment policy of the company. If the Annual General Meeting for the year 2022 resolves to approve the dividend payment as proposed by the Board of Directors by specifying the list of shareholders entitled to receive the dividend (Record Date) on 10 May 2022 and the dividend payment date on 26 May 2022 (the right to receive the dividend is still uncertain Subject to approval from the Annual General Meeting of Shareholders for the year 2022 on 27 April 2022). Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.21 (up from ฿0.079 in FY 2020). Revenue: ฿4.01b (up 14% from FY 2020). Net income: ฿246.1m (up 166% from FY 2020). Profit margin: 6.1% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Ankündigung • Mar 01
Communication & System Solution Public Company Limited, Annual General Meeting, Apr 27, 2022 Communication & System Solution Public Company Limited, Annual General Meeting, Apr 27, 2022, at 10:00 SE Asia Standard Time. Agenda: To consider and approve the Minutes of the AGM 2021 held on 28 April 2021; to acknowledge the company's Operation Results of the year 2021; to consider the approval of the financial statements for the year 2021 as at 31 December 2021; to consider and approve the dividend payment operating results for the year 2021; and to consider any other matter thereof. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.028 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿807.2m (up 5.5% from 3Q 2020). Net income: ฿34.9m (up 6.6% from 3Q 2020). Profit margin: 4.3% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 18
Upcoming dividend of ฿0.03 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 10 September 2021. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (4.4%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS ฿0.01 (vs ฿0.031 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿800.3m (down 24% from 1Q 2020). Net income: ฿17.7m (down 52% from 1Q 2020). Profit margin: 2.2% (down from 3.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 30
Upcoming dividend of ฿0.03 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 27 May 2021. Trailing yield: 2.7%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (3.6%). Reported Earnings • Mar 03
Full year 2020 earnings released: EPS ฿0.08 (vs ฿0.068 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿3.52b (down 8.3% from FY 2019). Net income: ฿92.7m (up 16% from FY 2019). Profit margin: 2.6% (up from 2.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Ankündigung • Mar 02
Communication & System Solution Public Company Limited, Annual General Meeting, Apr 28, 2021 Communication & System Solution Public Company Limited, Annual General Meeting, Apr 28, 2021, at 03:00 Coordinated Universal Time. Location: the Jupiter Room 4-7, IMPACT Challenger Muang Thong Thani No. 99 Popular Rd,Ban Mai, Pakkred District Nonthaburi Thailand Agenda: To consider and approve the Minutes of the AGM 2020 held on 30 June 2020; to acknowledge the company's operation results of the year 2020; to consider the approval of the financial statements for the year 2020 as at 31 December 2020; to consider and acknowledge the interim dividend payment; to consider the approval the re-appointment of the company's directors in place of the directors who are retired by rotation; to consider the approval the remuneration of directors for the year 2021; to consider the approval the appointment of auditors and determination the auditing fee for the year 2021; and to consider other matters (if any). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ฿1.98, the stock is trading at a trailing P/E ratio of 18x, down from the previous P/E ratio of 22.7x. This compares to an average P/E of 14x in the Trade Distributors industry in Thailand. Total return to shareholders over the past three years is a loss of 19%. Is New 90 Day High Low • Feb 08
New 90-day high: ฿2.64 The company is up 89% from its price of ฿1.40 on 10 November 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ฿2.52 The company is up 80% from its price of ฿1.40 on 22 October 2020. The Thai market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 22% over the same period. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 23% share price gain to ฿2.16, the stock is trading at a trailing P/E ratio of 19.6x, up from the previous P/E ratio of 16x. This compares to an average P/E of 11x in the Trade Distributors industry in Thailand. Total return to shareholders over the past three years is a loss of 12%. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 18% share price gain to ฿1.73, the stock is trading at a trailing P/E ratio of 15.7x, up from the previous P/E ratio of 13.4x. This compares to an average P/E of 11x in the Trade Distributors industry in Thailand. Total return to shareholders over the past three years is a loss of 30%. Is New 90 Day High Low • Jan 04
New 90-day high: ฿1.57 The company is up 3.0% from its price of ฿1.53 on 06 October 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: ฿1.55 The company is up 17% from its price of ฿1.33 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 3.0% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ฿0.028 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿765.2m (down 22% from 3Q 2019). Net income: ฿32.8m (up 17% from 3Q 2019). Profit margin: 4.3% (up from 2.9% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 22% per year.