Upcoming Dividend • Apr 30
Upcoming dividend of ฿0.70 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 22 May 2026. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 7.1%. Lower than top quartile of Thai dividend payers (7.5%). In line with average of industry peers (7.3%). New Risk • Mar 08
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 106% Dividend yield: 6.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.09b market cap, or US$34.3m). Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: ฿0.84 (vs ฿0.05 loss in FY 2024) Full year 2025 results: EPS: ฿0.84 (up from ฿0.05 loss in FY 2024). Revenue: ฿1.33b (up 7.4% from FY 2024). Net income: ฿90.6m (up ฿96.1m from FY 2024). Profit margin: 6.8% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Declared Dividend • Feb 26
Dividend increased to ฿0.70 Dividend of ฿0.70 is 180% higher than last year. Ex-date: 7th May 2026 Payment date: 22nd May 2026 Dividend yield will be 6.7%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is well covered by both earnings (39% 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 57% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.7% EPS decline seen over the last 5 years. Bekanntmachung • Feb 25
TPCS Public Company Limited announces Annual dividend, payable on May 22, 2026 TPCS Public Company Limited announced Annual dividend of THB 0.6000 per share payable on May 22, 2026, ex-date on May 07, 2026 and record date on May 08, 2026. Bekanntmachung • Feb 24
TPCS Public Company Limited, Annual General Meeting, Apr 28, 2026 TPCS Public Company Limited, Annual General Meeting, Apr 28, 2026, at 10:00 SE Asia Standard Time. Location: mahanatee auditorium room 4th floor, kingbridge tower, 989 rama 3 road, bangpongpang,yannawa, bangkok 10120. Thailand Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ฿0.28 (vs ฿0.24 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.28 (up from ฿0.24 in 3Q 2024). Revenue: ฿290.5m (down 1.6% from 3Q 2024). Net income: ฿29.7m (up 15% from 3Q 2024). Profit margin: 10% (up from 8.8% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. New Risk • Nov 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.12b market cap, or US$34.6m). Board Change • Jul 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Pisit Leeahtam was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 24
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Pisit Leeahtam was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2024 earnings released: ฿0.05 loss per share (vs ฿0.77 profit in FY 2023) Full year 2024 results: ฿0.05 loss per share (down from ฿0.77 profit in FY 2023). Revenue: ฿1.23b (down 14% from FY 2023). Net loss: ฿5.52m (down 107% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% 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. Declared Dividend • Feb 26
Dividend reduced to ฿0.25 Dividend of ฿0.25 is 62% lower than last year. Ex-date: 7th May 2025 Payment date: 27th May 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (422% earnings payout ratio) nor is it covered by cash flows (202% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 369% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Aug 14
Second quarter 2024 earnings released: ฿0.28 loss per share (vs ฿0.31 profit in 2Q 2023) Second quarter 2024 results: ฿0.28 loss per share (down from ฿0.31 profit in 2Q 2023). Revenue: ฿306.0m (down 12% from 2Q 2023). Net loss: ฿30.5m (down 192% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿0.22 (vs ฿0.32 in 1Q 2023) First quarter 2024 results: EPS: ฿0.22 (down from ฿0.32 in 1Q 2023). Revenue: ฿321.8m (down 26% from 1Q 2023). Net income: ฿23.5m (down 31% from 1Q 2023). Profit margin: 7.3% (down from 7.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Bekanntmachung • May 15
TPCS Public Company Limited Announces Board and Committee Changes TPCS Public Company Limited has adopted the resolution at its Board of Directors' meeting on 13 May 2024, appointed Mr. Boonsithi Chokwatana as Chief Advisor to the Board of Directors, Assoc. Prof. Dr. Supachet Chansarn as An Advisor to the Board of Directors, Dr. Pisit Leeahtam as Independent Director and The Audit Committee, who are entitled to a 1-year term, as follows: Mr. Padoong Techasarintr, Chairman of the Audit Committee; Dr. Utid Tamwatin, Member of the Audit Committee; Dr. Pisit Leeahtam, Member of the Audit Committee; Mr. Natavudh Pungcharoenpong, Member of the Audit Committee. The Nomination Committee, who are entitled to a 1-year term, as follows: Mr. Suchai Narongkananukul, Chairman of the Nominating Committee; Mr. Boonsithi Chokwatana, Member of the Nominating Committee; Dr. Utid Tamwatin, Member of the Nominating Committee; Mr. Koravit Narongkananukul, Member of the Nominating Committee. The Remuneration Committee, who are entitles to a 1-year term, as follows: Miss Sirikul Dhanasarnsilp, Chairman of the Remuneration Committee; Mr. Padoong Techasarintr, Member of the Remuneration Committee; Mr. Arnut Rattanapathimakorn, Member of the Remuneration Committee; Dr. Utid Tamwatin, Member of the Remuneration Committee. The Corporate Governance and Sustainability and Risk Management Committee, who are entitled to a 1-year term, as follows: Dr. Pisit Leeahtam, Chairman of the Corporate Governance and Sustainability and Risk Management Committee; Mr. Padoong Techasarintr, Member of the Corporate Governance and Sustainability and Risk Management Committee; Dr. Utid Tamwatin, Member of the Corporate Governance and Sustainability and Risk Management Committee; Mr. Arnut Rattanapathimakorn, Member of the Corporate Governance and Sustainability and Risk Management Committee; Mr. Somnuek Thungpukdee, Member of the Corporate Governance and Sustainability and Risk Management Committee. The Executive Board, who are entitled to a 1-year term, as follows: Mr. Tawatchai Tungworakittaworn, Executive Director. Upcoming Dividend • Apr 24
Upcoming dividend of ฿0.65 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 20 May 2024. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (3.7%). Bekanntmachung • Mar 23
TPCS Public Company Limited, Annual General Meeting, Apr 23, 2024 TPCS Public Company Limited, Annual General Meeting, Apr 23, 2024, at 10:00 SE Asia Standard Time. Location: Chaophaya Room 2, Montien Riverside Hotel, situated at no. 372, Rama 3 Road, Khwang Bang Khlo, Khet Bang Kho Laem, Bangkok Thailand Reported Earnings • Mar 03
Full year 2023 earnings released Full year 2023 results: Revenue: ฿1.44b (down 20% from FY 2022). Net income: ฿83.0m (down 71% from FY 2022). Profit margin: 5.8% (down from 16% in FY 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 23
Dividend of ฿0.65 announced Shareholders will receive a dividend of ฿0.65. Ex-date: 30th April 2024 Payment date: 20th May 2024 Dividend yield will be 3.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Bekanntmachung • Dec 20
TPCS Public Company Limited Announces Board Appointments The Board of Directors' Meeting of TPCS Public Company Limited held on 20 December 2023 passed resolutions on the following matters: Appoint Mr. Suchai Narongkananukul as Chairman of the Board of Directors, effective from 20 December 2023 onwards. Appoint Mr. Koravit Narongkananukul as Managing Director, effective from 20 December 2023 onwards. Appoint Mr. Manu Leelanuwatana as an Advisor to the Board of Directors, effective from 20 December 2023 onwards. Appoint Miss Natthakan Thanawadee as Director to replace the vacant director position. His term is equal to the remaining term of the resigned director, effective from 20 December 2023 onwards. Therefore, the Board of Directors consists of 11 persons as follow: Mr. Suchai Narongkananukul- Chairman; Mr. Koravit Narongkananukul- Managing Director; Mr. Arnut Rattanapathimakorn- Deputy Managing Director; Mr. Somnuek Thungpukdee, Miss. Rachanee Luevipasakul, Miss. Sirikul Dhanasarnsilp and Miss Natthakan Thanawadee as Directors; Mr. Padoong Techasarintr, Dr. Utid Tamwatin, Assoc. Prof. Dr. Supachet Chansarn and Mr. Nattavudh Pungcharoenpong- Independent Directors. Sub-Committee: The Audit Committee, remains the same, as follows: Mr. Padoong Techasarintr- Chairman; Dr. Utid Tamwatin, Assoc. Prof. Dr. Supachet Chansarn and Mr. Nattavudh Pungcharoenpong as members. The Nomination Committee: Mr. Suchai Narongkananukul- Chairman; Mr. Boonsithi Chokwatana, Dr. Utid Tamwatin and Mr. Koravit Narongkananukul as members; The Remuneration Committee: Miss. Sirikul Dhanasarnsilp- Chairman; Mr. Padoong Techasarintr, Mr. Arnut Rattanapathimakorn and Dr. Utid Tamwatin as members. The Corporate Governance and Sustainability and Risk Management Committee: Mr. Padoong Techasarintr- Chairman; Mr. Arnut Rattanapathimakorn, Mr. Somnuek Thungpukdee, Dr. Utid Tamwatin and Mr. Nattavudh Pungcharoenpon as members. The Executive Board, as follows: Mr. Suchai Narongkananukul- Chairman; Mr. Koravit Narongkananukul, Mr. Arnut Rattanapathimakorn, Mr. Somnuek Thungpukdee, Miss Rachanee Luevipasakul, Miss Darunee Supo and Mrs. Suwanee Naipongprasit as Executive Directors. Bekanntmachung • Nov 30
TPCS Public Company Limited Announces Resignation of Manu Leelanuwatana as Chairman of the Board of Directors and Member of the Nomination Committee, Effective from December 1, 2023 TPCS Public Company Limited informed that Mr. Manu Leelanuwatana has informed his resignation from the position of Chairman of the Board of Directors and Member of the Nomination Committee due to his other business engagement. The resignation will be effective from 1 December 2023 onwards. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ฿0.16 (vs ฿0.53 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.16 (down from ฿0.53 in 3Q 2022). Revenue: ฿320.3m (down 31% from 3Q 2022). Net income: ฿17.7m (down 69% from 3Q 2022). Profit margin: 5.5% (down from 12% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. New Risk • Aug 17
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: 11% Last year net profit margin: 17% 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: Minor Risks Dividend is not well covered by cash flows (177% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (฿1.92b market cap, or US$54.3m). Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ฿0.31 (vs ฿0.66 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.31 (down from ฿0.66 in 2Q 2022). Revenue: ฿349.3m (down 27% from 2Q 2022). Net income: ฿33.1m (down 54% from 2Q 2022). Profit margin: 9.5% (down from 15% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 26
Upcoming dividend of ฿1.00 per share at 4.7% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (3.6%). Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ฿0.53 (vs ฿0.29 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.53 (up from ฿0.29 in 3Q 2021). Revenue: ฿463.9m (up 99% from 3Q 2021). Net income: ฿56.9m (up 81% from 3Q 2021). Profit margin: 12% (down from 14% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Nattavudh Pungcharoenpong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: ฿0.66 (vs ฿0.11 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.66 (up from ฿0.11 in 2Q 2021). Revenue: ฿479.5m (up 127% from 2Q 2021). Net income: ฿71.7m (up 485% from 2Q 2021). Profit margin: 15% (up from 5.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
First quarter 2022 earnings released: EPS: ฿0.92 (vs ฿0.28 in 1Q 2021) First quarter 2022 results: EPS: ฿0.92 (up from ฿0.28 in 1Q 2021). Revenue: ฿399.7m (up 83% from 1Q 2021). Net income: ฿99.3m (up 227% from 1Q 2021). Profit margin: 25% (up from 14% 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 34% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 32% share price gain to ฿29.00, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 19x in the Luxury industry in Thailand. Total returns to shareholders of 153% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Supachet Chansarn was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ฿17.00, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 20x in the Luxury industry in Thailand. Total returns to shareholders of 45% over the past three years. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.99 (up from ฿0.18 loss in FY 2020). Revenue: ฿932.7m (up 22% from FY 2020). Net income: ฿106.7m (up ฿126.2m from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability 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 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improved over the past week After last week's 17% share price gain to ฿19.00, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 21x in the Luxury industry in Thailand. Total returns to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 16% share price gain to ฿15.10, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 20x in the Luxury industry in Thailand. Total returns to shareholders of 22% over the past three years. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS ฿0.29 (vs ฿0.24 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿233.3m (up 28% from 3Q 2020). Net income: ฿31.4m (up ฿57.1m from 3Q 2020). Profit margin: 14% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.23 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿211.1m (up 48% from 2Q 2020). Net income: ฿12.3m (down 51% from 2Q 2020). Profit margin: 5.8% (down from 18% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% 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. Board Change • Jul 30
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Supachet Chansarn was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.28 (vs ฿0.61 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿218.9m (up 2.6% from 1Q 2020). Net income: ฿30.3m (up ฿96.5m from 1Q 2020). Profit margin: 14% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 04
Upcoming dividend of ฿0.60 per share Eligible shareholders must have bought the stock before 10 May 2021. Payment date: 25 May 2021. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (3.5%). Is New 90 Day High Low • Mar 11
New 90-day high: ฿10.40 The company is up 8.0% from its price of ฿9.65 on 08 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 4.0% over the same period. Reported Earnings • Feb 27
Full year 2020 earnings released: ฿0.18 loss per share (vs ฿0.69 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿762.9m (down 9.3% from FY 2019). Net loss: ฿19.5m (down 126% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 70% 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. Is New 90 Day High Low • Feb 04
New 90-day high: ฿10.30 The company is up 11% from its price of ฿9.30 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ฿9.95 The company is up 11% from its price of ฿9.00 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: ฿9.65 The company is up 5.0% from its price of ฿9.15 on 18 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Luxury industry, which is also up 5.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: ฿0.24 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿182.7m (down 13% from 3Q 2019). Net loss: ฿25.7m (down 169% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 63% 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. Is New 90 Day High Low • Oct 27
New 90-day low: ฿8.70 The company is down 6.0% from its price of ฿9.25 on 29 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 5.0% over the same period.