Buy Or Sell Opportunity • Mar 05
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ฿3.40. The fair value is estimated to be ฿2.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years, while earnings per share has been flat. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ฿0.07 (vs ฿0.067 in 3Q 2025) Third quarter 2026 results: EPS: ฿0.07 (up from ฿0.067 in 3Q 2025). Revenue: ฿658.4m (up 1.3% from 3Q 2025). Net income: ฿26.8m (up 4.9% from 3Q 2025). Profit margin: 4.1% (up from 3.9% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to ฿3.34. The fair value is estimated to be ฿4.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 9.7%. Buy Or Sell Opportunity • Nov 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.7% to ฿3.32. The fair value is estimated to be ฿4.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 9.7%. Declared Dividend • Nov 14
First half dividend of ฿0.12 announced Shareholders will receive a dividend of ฿0.12. Ex-date: 25th November 2025 Payment date: 11th December 2025 Dividend yield will be 7.2%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (66% cash payout ratio). The dividend has increased by an average of 1.8% 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 2.8% to bring the payout ratio under control, which is less than the 12% EPS growth achieved over the last 5 years. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ฿0.074 (vs ฿0.079 in 1Q 2025) First quarter 2026 results: EPS: ฿0.074 (down from ฿0.079 in 1Q 2025). Revenue: ฿635.3m (down 7.4% from 1Q 2025). Net income: ฿28.5m (down 5.9% from 1Q 2025). Profit margin: 4.5% (up from 4.4% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% 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. Ankündigung • Jul 17
Lohakit Metal Public Company Limited Approves the Dividend for the Year Ended March 31, 2025, Payable on August 13, 2025 Lohakit Metal Public Company Limited approved the dividend for the year ended March 31, 2025, payable on August 13, 2025. For the period, the company reported dividend of THB 0.13 per share to be paid in the total amount of THB 49,790,000.00, to shareholders whose names appeared on the Record Date of June 13, 2025. Declared Dividend • May 31
Final dividend increased to ฿0.13 Dividend of ฿0.13 is 18% higher than last year. Ex-date: 12th June 2025 Payment date: 13th August 2025 Dividend yield will be 7.1%, which is higher than the industry average of 6.6%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not covered by cash flows (360% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ฿0.28 (vs ฿0.21 in FY 2024) Full year 2025 results: EPS: ฿0.28 (up from ฿0.21 in FY 2024). Revenue: ฿2.72b (up 2.3% from FY 2024). Net income: ฿105.8m (up 34% from FY 2024). Profit margin: 3.9% (up from 3.0% in FY 2024). The increase in margin was driven by higher revenue. 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 13% per year, which means it has not declined as severely as earnings. Ankündigung • May 30
Lohakit Metal Public Company Limited, Annual General Meeting, Jul 17, 2025 Lohakit Metal Public Company Limited, Annual General Meeting, Jul 17, 2025, at 10:00 SE Asia Standard Time. Location: the meeting will be held via electronics media, Thailand Ankündigung • May 29
Lohakit Metal Public Company Limited Recommends Cash Dividend for the Period from 1October 2024 to 31 March 2025, Payable on 13 August 2025 The Board of Lohakit Metal Public Company Limited recommended cash dividend of THB 0.13 per share for the period from 1October 2024 to 31 March 2025. Payment date: 13 August 2025. Par value: THB 1.00. Record date for the right to receive dividends: 13-June-2025. Ex-dividend date: 12-June-2025 and the dividend payment will be on August 13, 2025. New Risk • Feb 19
New major risk - Revenue and earnings growth Earnings have declined by 0.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.7% 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 (฿1.29b market cap, or US$38.4m). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ฿0.067 (vs ฿0.056 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.067 (up from ฿0.056 in 3Q 2024). Revenue: ฿649.9m (down 1.5% from 3Q 2024). Net income: ฿25.6m (up 20% from 3Q 2024). Profit margin: 3.9% (up from 3.2% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Declared Dividend • Nov 15
Dividend reduced to ฿0.12 Dividend of ฿0.12 is 14% lower than last year. Ex-date: 27th November 2024 Payment date: 11th December 2024 Dividend yield will be 6.0%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has increased 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 9.2% to bring the payout ratio under control. However, EPS has declined by 3.7% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ฿0.079 (vs ฿0.031 in 1Q 2024) First quarter 2025 results: EPS: ฿0.079 (up from ฿0.031 in 1Q 2024). Revenue: ฿686.4m (up 11% from 1Q 2024). Net income: ฿30.2m (up 156% from 1Q 2024). Profit margin: 4.4% (up from 1.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Ankündigung • Jul 24
Lohakit Metal Public Company Limited Approves Dividend for the Year Ended March 31, 2024, Payable on August 9, 2024 Lohakit Metal Public Company Limited at its AGM held on July 24, 2024 approved the dividend payment from the operating results for the year ended March 31, 2024 at THB 0.11 per share, totaling THB 42,130,000.00. The dividend shall be paid to the shareholders whose names appear on the Record Date of June 17, 2024 and the dividend will be paid on August 9, 2024. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ฿0.21 (vs ฿0.28 in FY 2023) Full year 2024 results: EPS: ฿0.21 (down from ฿0.28 in FY 2023). Revenue: ฿2.66b (down 5.7% from FY 2023). Net income: ฿79.0m (down 26% from FY 2023). Profit margin: 3.0% (down from 3.8% in FY 2023). 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 increased by 2% per year, which means it is well ahead of earnings. Declared Dividend • Jun 01
Dividend of ฿0.11 announced Shareholders will receive a dividend of ฿0.11. Ex-date: 14th June 2024 Payment date: 9th August 2024 Dividend yield will be 6.0%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is well covered by cash flows (25% 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 grow by 20% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ฿0.056 (vs ฿0.049 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.056 (up from ฿0.049 in 3Q 2023). Revenue: ฿660.1m (down 2.8% from 3Q 2023). Net income: ฿21.4m (up 13% from 3Q 2023). Profit margin: 3.2% (up from 2.8% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 20
Upcoming dividend of ฿0.14 per share at 5.1% yield Eligible shareholders must have bought the stock before 27 November 2023. Payment date: 08 December 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (6.7%). Lower than average of industry peers (6.4%). Ankündigung • Nov 15
Lohakit Metal Public Company Limited Approves an Interim Dividend for the Six Months Ended September 30, 2023, Payable on December 8, 2023 The board of directors of Lohakit Metal Public Company Limited at its meeting, on November 13, 2023 has adopted the following resolution: Approved the interim dividend payment from the first 6 month period; from April 1, 2023 to September 30, 2023 at the rate of THB 0.14 per share, totaling THB 53,620,000.00 (FiftyThree Million Six Hundred Twenty Thousand Baht) to the shareholders of the Company. The Record Date shall be set on November 28, 2023 to determine the list of shareholders having right to receive this interim dividend. The Company will pay this interim dividend to the shareholders on December 8, 2023. Reported Earnings • Nov 14
Second quarter 2024 earnings released: EPS: ฿0.053 (vs ฿0.058 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.053 (down from ฿0.058 in 2Q 2023). Revenue: ฿715.2m (up 6.5% from 2Q 2023). Net income: ฿20.2m (down 9.3% from 2Q 2023). Profit margin: 2.8% (down from 3.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ฿0.031 (vs ฿0.097 in 1Q 2023) First quarter 2024 results: EPS: ฿0.031 (down from ฿0.097 in 1Q 2023). Revenue: ฿617.2m (down 12% from 1Q 2023). Net income: ฿11.8m (down 68% from 1Q 2023). Profit margin: 1.9% (down from 5.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jun 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be ฿5.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 25%. Upcoming Dividend • Jun 07
Upcoming dividend of ฿0.09 per share at 5.6% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 10 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.6%. Lower than top quartile of Thai dividend payers (6.3%). In line with average of industry peers (5.9%). Reported Earnings • May 30
Full year 2023 earnings released: EPS: ฿0.28 (vs ฿0.55 in FY 2022) Full year 2023 results: EPS: ฿0.28 (down from ฿0.55 in FY 2022). Revenue: ฿2.82b (flat on FY 2022). Net income: ฿106.5m (down 50% from FY 2022). Profit margin: 3.8% (down from 7.6% in FY 2022). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 23% per year. Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: ฿0.049 (vs ฿0.17 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.049 (down from ฿0.17 in 3Q 2022). Revenue: ฿679.0m (down 3.7% from 3Q 2022). Net income: ฿18.9m (down 71% from 3Q 2022). Profit margin: 2.8% (down from 9.2% in 3Q 2022). The decrease in margin was primarily driven by lower 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 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ฿0.058 (vs ฿0.12 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.058 (down from ฿0.12 in 2Q 2022). Revenue: ฿671.8m (up 3.7% from 2Q 2022). Net income: ฿22.3m (down 52% from 2Q 2022). Profit margin: 3.3% (down from 7.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 18
Upcoming dividend of ฿0.19 per share Eligible shareholders must have bought the stock before 25 November 2022. Payment date: 09 December 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 13%. Within top quartile of Thai dividend payers (5.6%). Higher than average of industry peers (8.9%). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Deputy MD, Company Secretary & Executive Director Vittawat Akarapongpisak was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 14
Lohakit Metal Public Company Limited Approves an Interim Dividend for the Six Months Ended September 30, 2022, Payable on December 9, 2022 Lohakit Metal Public Company Limited approved the interim dividend payment from the first 6 month period; from April 1, 2022, to September 30, 2022, at the rate of Baht 0.19 per share, totaling Baht 72,770,000.00 to the shareholders of the Company. The Record Date shall be set on November 25, 2022, to determine the list of shareholders having the right to receive this interim dividend. The Company will pay this interim dividend to the shareholders on December 9, 2022. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ฿0.097 (vs ฿0.12 in 1Q 2022) First quarter 2023 results: EPS: ฿0.097 (down from ฿0.12 in 1Q 2022). Revenue: ฿704.4m (up 6.5% from 1Q 2022). Net income: ฿37.2m (down 21% from 1Q 2022). Profit margin: 5.3% (down from 7.1% in 1Q 2022). 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 8% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 22
Lohakit Metal Public Company Limited Approves the Dividend Payment from the Operating Results for the Year Ended March 31, 2022, Payable on August 10, 2022 Lohakit Metal Public Company Limited at its AGM held on July 21, 2022, approved the dividend payment from the operating results for the year end, March 31, 2022 at THB 0.45 per share, totaling THB 172,350,000.00. The dividend shall be paid to the shareholders which name appeared on the Record Date of June 10, 2022 and the dividend payment will be on August 10, 2022. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ฿4.44, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 7x in the Metals and Mining industry in Thailand. Total returns to shareholders of 59% over the past three years. Upcoming Dividend • Jun 02
Upcoming dividend of ฿0.45 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 10 August 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 17%. Within top quartile of Thai dividend payers (5.3%). Higher than average of industry peers (7.2%). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 20% share price gain to ฿5.35, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 8x in the Metals and Mining industry in Thailand. Total returns to shareholders of 81% over the past three years. Reported Earnings • May 26
Full year 2022 earnings released: EPS: ฿0.55 (vs ฿0.27 in FY 2021) Full year 2022 results: EPS: ฿0.55 (up from ฿0.27 in FY 2021). Revenue: ฿2.79b (up 24% from FY 2021). Net income: ฿211.7m (up 109% from FY 2021). Profit margin: 7.6% (up from 4.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Deputy MD, Company Secretary & Executive Director Vittawat Akarapongpisak was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ฿0.17 (up from ฿0.099 in 3Q 2021). Revenue: ฿705.3m (up 8.7% from 3Q 2021). Net income: ฿64.7m (up 70% from 3Q 2021). Profit margin: 9.2% (up from 5.9% in 3Q 2021). 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 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 18
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 09 December 2021. Trailing yield: 10.0%. Within top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (5.4%). Reported Earnings • Nov 17
Second quarter 2022 earnings released: EPS ฿0.12 (vs ฿0.039 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ฿647.9m (up 24% from 2Q 2021). Net income: ฿46.8m (up 211% from 2Q 2021). Profit margin: 7.2% (up from 2.9% in 2Q 2021). 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 4% per year. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS ฿0.12 (vs ฿0.007 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ฿661.3m (up 59% from 1Q 2021). Net income: ฿47.1m (up ฿49.8m from 1Q 2021). Profit margin: 7.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 03
Upcoming dividend of ฿0.18 per share Eligible shareholders must have bought the stock before 10 June 2021. Payment date: 10 August 2021. Trailing yield: 7.8%. Within top quartile of Thai dividend payers (4.7%). Higher than average of industry peers (3.8%). Reported Earnings • May 29
Full year 2021 earnings released: EPS ฿0.27 (vs ฿0.23 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ฿2.25b (down 19% from FY 2020). Net income: ฿101.4m (up 17% from FY 2020). Profit margin: 4.5% (up from 3.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Ankündigung • May 28
Lohakit Metal Public Company Limited Approves Dividend for the Year Ended March 31, 2021, Payable on 10 August, 2021 Lohakit Metal Public Company Limited approved, at its Board meeting held on May 27, 2021 the dividend payment from the operating results for the year end, March 31, 2021 at the rate of THB 0.30 per share, totaling THB 114,900,000.00 deducted the interim dividend paid to the shareholders on 9 December, 2020, at THB 0.12 per share totaling THB 45,960,000.00; therefore, there will be additional dividend remaining for the shareholders at THB 0.18 per share totaling THB 68,940,000.00 (Sixty Eight Million Nine Hundred Forty Thousand). The Company shall fix the record date to prepare list of shareholders entitled to receive the dividend is on 11 June, 2021 and pay this dividend to the shareholders on 10 August, 2021. Is New 90 Day High Low • Mar 08
New 90-day high: ฿2.88 The company is up 14% from its price of ฿2.52 on 08 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 30% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS ฿0.099 (vs ฿0.044 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿649.0m (up 1.5% from 3Q 2020). Net income: ฿38.1m (up 126% from 3Q 2020). Profit margin: 5.9% (up from 2.6% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 09
New 90-day high: ฿2.70 The company is up 19% from its price of ฿2.26 on 11 November 2020. The Thai market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 37% over the same period. Ankündigung • Dec 26
Lohakit Metal Public Company Limited Announces Retirement and Resignation of Somnuik Thanasarn from Both Managing Director and Director Lohakit Metal Public Company Limited announced that Mr. Somnuik Thanasarn will be retired from his position of Managing Director and will be resigned from his directorship, which will be effective January 2, 2021. Upcoming Dividend • Nov 18
Upcoming Dividend of ฿0.12 Per Share Will be paid on the 9th of December to those who are registered shareholders by the 25th of November. The trailing yield of 8.0% is in the top quartile of Thai dividend payers (6.7%), and it is higher than industry peers (7.0%). Is New 90 Day High Low • Nov 16
New 90-day high: ฿2.40 The company is up 4.0% from its price of ฿2.30 on 18 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period. Reported Earnings • Nov 14
Second quarter 2021 earnings released: EPS ฿0.039 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿522.2m (down 30% from 2Q 2020). Net income: ฿15.0m (down 34% from 2Q 2020). Profit margin: 2.9% (down from 3.0% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 22
New 90-day low: ฿2.20 The company is down 12% from its price of ฿2.50 on 24 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 6.0% over the same period. 
