New Risk • May 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.21b (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.21b market cap, or US$98.4m). Reported Earnings • May 17
First quarter 2026 earnings released: ฿0.14 loss per share (vs ฿0.02 loss in 1Q 2025) First quarter 2026 results: ฿0.14 loss per share (further deteriorated from ฿0.02 loss in 1Q 2025). Revenue: ฿2.54b (down 18% from 1Q 2025). Net loss: ฿239.2m (loss widened ฿207.1m from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. New Risk • Mar 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.26b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.2% operating cash flow to total debt). Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.26b market cap, or US$99.2m). Reported Earnings • Mar 02
Full year 2025 earnings released: ฿0.35 loss per share (vs ฿0.13 profit in FY 2024) Full year 2025 results: ฿0.35 loss per share (down from ฿0.13 profit in FY 2024). Revenue: ฿11.3b (down 17% from FY 2024). Net loss: ฿601.7m (down 361% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 26
Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2026 Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:00 SE Asia Standard Time. New Risk • Feb 17
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 5.8% 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 Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 5.9% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). New Risk • Nov 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.18b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 5.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.18b market cap, or US$98.3m). New Risk • Nov 13
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 5.9% per year over the past 5 years. Reported Earnings • Nov 13
Third quarter 2025 earnings released: ฿0.09 loss per share (vs ฿0.096 profit in 3Q 2024) Third quarter 2025 results: ฿0.09 loss per share (down from ฿0.096 profit in 3Q 2024). Revenue: ฿2.49b (down 29% from 3Q 2024). Net loss: ฿153.1m (down 192% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ฿2.83b (down 13% from 2Q 2024). Net loss: ฿30.6m (down 115% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance. New Risk • May 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.9% Last year net profit margin: 2.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Dividend is not well covered by earnings (134% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • May 15
First quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.04 profit in 1Q 2024) First quarter 2025 results: ฿0.02 loss per share (down from ฿0.04 profit in 1Q 2024). Revenue: ฿3.10b (down 2.8% from 1Q 2024). Net loss: ฿32.1m (down 145% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Declared Dividend • Feb 28
Final dividend of ฿0.05 announced Shareholders will receive a dividend of ฿0.05. Ex-date: 17th March 2025 Payment date: 16th May 2025 Dividend yield will be 3.7%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Feb 27
Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2025 Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2025, at 10:00 SE Asia Standard Time. Location: the phra visanu room, 3rd floor, the asawin grand, convention hotel at no. 88 vibhavadi rangsit road, (kamphaeng phet 6), kwaeng talad bangkhen, khet, laksi, bangkok, bangkok Thailand New Risk • Feb 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 764% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Ankündigung • Feb 26
Vanachai Group Public Company Limited Proposes Interim Dividend for the Year 2024, Payable on May 16, 2025 Vanachai Group Public Company Limited proposed to the Annual General Meeting to consider and approve the payment of dividends of the year 2024 as THB 0.10 each. As interim dividend of THB 0.05 each on 5 September 2024. The remaining dividend will be paid THB 0.05 each. Subject to shareholders' approval, the dividend will be paid on 16 May 2025. The record date to determine the names of shareholders who have right to receive dividend payment, will be on 18 March 2025. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.05 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.10 (up from ฿0.05 in 3Q 2023). Revenue: ฿3.51b (up 17% from 3Q 2023). Net income: ฿165.9m (up 81% from 3Q 2023). Profit margin: 4.7% (up from 3.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 15
Upcoming dividend of ฿0.05 per share Eligible shareholders must have bought the stock before 22 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 7.1% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Thai dividend payers (7.0%). Lower than average of industry peers (2.7%). Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.12 (vs ฿0.04 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.12 (up from ฿0.04 in 2Q 2023). Revenue: ฿3.26b (down 6.8% from 2Q 2023). Net income: ฿210.4m (up 202% from 2Q 2023). Profit margin: 6.5% (up from 2.0% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% 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 • Jul 31
Vanachai Group Public Company Limited Announces Resignation of Mr. Vichai Nivespathomwat as Director Vanachai Group Public Company Limited informed that Mr.Vichai Nivespathomwat, director of the Company has resigned from his position, effective from 1 August 2024 onwards. In this respect, the Company will proceed with the appointment of a replacement director, who is legally qualified and possesses no prohibited characteristics as prescribed in the Company's Articles of Association, that the company has informed. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.14 loss in 1Q 2023) First quarter 2024 results: EPS: ฿0.04 (up from ฿0.14 loss in 1Q 2023). Revenue: ฿3.19b (down 15% from 1Q 2023). Net income: ฿71.8m (up ฿320.3m from 1Q 2023). Profit margin: 2.3% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% 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. Upcoming Dividend • Mar 08
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 15 March 2024. Payment date: 17 May 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (17%). Declared Dividend • Feb 29
Dividend of ฿0.02 announced Shareholders will receive a dividend of ฿0.02. Ex-date: 15th March 2024 Payment date: 17th May 2024 Dividend yield will be 0.6%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 21% per year over the past 9 years. However, payments have been volatile during that time. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: ฿0.02 (vs ฿0.41 in FY 2022) Full year 2023 results: EPS: ฿0.02 (down from ฿0.41 in FY 2022). Revenue: ฿14.1b (up 7.7% from FY 2022). Net income: ฿26.7m (down 96% from FY 2022). Profit margin: 0.2% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Ankündigung • Feb 27
Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2024 Vanachai Group Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Location: the Phra Visanu Room, 3rd Floor, The Asawin Grand Convention Hotel at No. 88 Vibhavadi Rangsit Road (Kamphaeng Phet 6), Kwaeng Talad Bangkhen, Khet Laksi Bangkok Thailand Agenda: To consider and certify the Minutes of the Annual General Meeting of Shareholders 2023 held on 24 April 2023; to acknowledge the Annual Report 2023 of the Board of Directors; to consider and approve company's balance sheet and income statement for the fiscal year ended December 31, 2023; and to consider other matters. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.12 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.05 (down from ฿0.12 in 3Q 2022). Revenue: ฿3.00b (up 6.5% from 3Q 2022). Net income: ฿91.9m (down 54% from 3Q 2022). Profit margin: 3.1% (down from 7.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 09
Vanachai Group Public Company Limited Announces Board and Committee Changes The Board of Directors meeting of Vanachai Group Public Company Limited held on 7 November 2023 resolved the meeting's resolutions in the following manners: Approved the appointment of Police General Visanu Prasattongosoth as a substituting director, an Independent director and a Member of the Audit Committee for Police General Wichean Potephosree, effective from 7 November 2023. Approve the appointment of Mr. Praphan Anaman as a substituting director, an Independent director and a Member of the Audit Committee for Mr. Nipon Wisityuthasart, effective from 7 November 2023. Ankündigung • Nov 02
Vanachai Group Public Company Limited Announces Resignation of Nipon Wisityuthasart as Director and Audit Committee Vanachai Group Public Company Limited announced that Nipon Wisityuthasart, director and audit committee of the Company has resigned from his position, effective from 31 October 2023 onwards. Ankündigung • Oct 10
Vanachai Group Public Company Limited Announces the Resignation of Wichean Potephosree as Director and Audit Committee Member, Effective 11 October 2023 Vanachai Group Public Company Limited announced that Police General Wichean Potephosree, director and audit committee of the company hasresigned from his position due to personal business engagement, effective from 11 October 2023 onwards. In this respect, the Board of Directors has proceed with the appointment of a replacement director, who is legally qualified and possesses no prohibited characteristics as in the Company's Articles of Association, that it has informed. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: ฿0.04 (vs ฿0.21 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.04 (down from ฿0.21 in 2Q 2022). Revenue: ฿3.49b (down 12% from 2Q 2022). Net income: ฿69.6m (down 81% from 2Q 2022). Profit margin: 2.0% (down from 9.1% 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 66% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿4.00, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 10x in the Building industry in Thailand. Total returns to shareholders of 25% over the past three years. Upcoming Dividend • Mar 09
Upcoming dividend of ฿0.10 per share at 4.2% yield Eligible shareholders must have bought the stock before 16 March 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Thai dividend payers (5.7%). In line with average of industry peers (4.5%). Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: ฿0.41 (vs ฿0.75 in FY 2021) Full year 2022 results: EPS: ฿0.41 (down from ฿0.75 in FY 2021). Revenue: ฿13.1b (up 1.2% from FY 2021). Net income: ฿716.7m (down 45% from FY 2021). Profit margin: 5.5% (down from 10.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target increased to ฿10.60 Up from ฿7.70, the current price target is provided by 1 analyst. New target price is 81% above last closing price of ฿5.85. Stock is down 35% over the past year. The company is forecast to post earnings per share of ฿0.88 for next year compared to ฿0.75 last year. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: ฿0.12 (vs ฿0.28 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.12 (down from ฿0.28 in 3Q 2021). Revenue: ฿2.82b (down 15% from 3Q 2021). Net income: ฿200.5m (down 60% from 3Q 2021). Profit margin: 7.1% (down from 15% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Building industry in Asia. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 12
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 19 August 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 35% and the cash payout ratio is 77%. Trailing yield: 5.6%. Within top quartile of Thai dividend payers (5.5%). In line with average of industry peers (5.3%). Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: ฿0.21 (vs ฿0.20 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.21 (up from ฿0.20 in 2Q 2021). Revenue: ฿3.97b (up 46% from 2Q 2021). Net income: ฿359.7m (up 5.9% from 2Q 2021). Profit margin: 9.1% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 16% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 08
Vanachai Group Public Company Limited Announces Cash Dividend for the Period Form 1 January 2022 to 30 June 2022, Payable on 2 September 2022 Vanachai Group Public Company Limited announced cash dividend of THB 0.10 per share for the operating period from 1 January 2022 to 30 June 2022. Payment date: 2 September 2022. Ex-dividend date: 19 August 2022. Record date for the right to receive dividends: 22 August 2022. Reported Earnings • May 11
First quarter 2022 earnings released: EPS: ฿0.18 (vs ฿0.074 in 1Q 2021) First quarter 2022 results: EPS: ฿0.18 (up from ฿0.074 in 1Q 2021). Revenue: ฿3.54b (up 13% from 1Q 2021). Net income: ฿317.6m (up 146% from 1Q 2021). Profit margin: 9.0% (up from 4.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 07
Vanachai Group Public Company Limited Announces the Changing of Chief Accountant Vanachai Group Public Company Limited announced the changing of Chief Accountant. Position of Chief Accountant Accountant: Mr. WitoonSamapath. Position of Chief Accountant Accounting and Administration Department Manager: Miss. Kanokwan Khuanpadung. Effective Date of appointment is April 01, 2022. Upcoming Dividend • Mar 09
Upcoming dividend of ฿0.30 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Thai dividend payers (5.4%). In line with average of industry peers (5.2%). Reported Earnings • Feb 23
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: ฿0.75 (up from ฿0.36 loss in FY 2020). Revenue: ฿13.0b (up 56% from FY 2020). Net income: ฿1.29b (up ฿1.88b from FY 2020). Profit margin: 10.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ฿0.28 (vs ฿0.11 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿3.30b (up 60% from 3Q 2020). Net income: ฿494.5m (up ฿679.5m from 3Q 2020). Profit margin: 15% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 19
Inaugural dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 09 September 2021. The company last paid an ordinary dividend in February 2019. The average dividend yield among industry peers is 4.1%. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.026 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿2.72b (up 32% from 2Q 2020). Net income: ฿339.7m (up ฿381.2m from 2Q 2020). Profit margin: 13% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Mar 02
Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2021 Vanachai Group Public Company Limited, Annual General Meeting, Apr 27, 2021, at 10:00 SE Asia Standard Time. Location: at the Jupiter Room 3rd floor, Miracle Grand Convention Hotel; No. 99, Kamphaeng Phet 6 Road, Kwaeng Talad Bangkhen, Khet Laksi, Bangkok Thailand Agenda: To consider and certify the Minutes of the Annual General Meeting of Shareholders 2020 held on 17 June 2020; to acknowledge the Annual Report 2020 of the Board of Directors; to consider and approve the company's balance sheet and income statements for the fiscal year ended 31 December 2020; to consider and approve the suspension of dividend payment; to consider and approve the election of directors replace those retiring by rotation; to consider and approve the remuneration of directors; to consider and approve the appointment of the company's auditors and determine the audit fee for year 2021; to consider and approve the reduction of the registered capital of the Company; and to consider other matters (if any). Reported Earnings • Mar 02
Full year 2020 earnings released: ฿0.36 loss per share (vs ฿0.78 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: ฿8.34b (down 12% from FY 2019). Net loss: ฿590.5m (loss narrowed 52% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 01
New 90-day high: ฿4.20 The company is up 29% from its price of ฿3.26 on 01 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: ฿3.48 The company is up 4.0% from its price of ฿3.36 on 03 September 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Building industry, which is down 6.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: ฿0.11 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: ฿2.07b (down 17% from 3Q 2019). Net loss: ฿185.0m (loss narrowed 38% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 103% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 19
New 90-day low: ฿3.02 The company is down 18% from its price of ฿3.68 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is down 8.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ฿3.10 The company is down 5.0% from its price of ฿3.26 on 24 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 14% over the same period. Ankündigung • Jul 22
Vanachai Group Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 630.864765 million. Vanachai Group Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 630.864765 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 168,230,604
Price\Range: THB 3.75
Transaction Features: Rights Offering