Reported Earnings • Aug 16
Second quarter 2026 earnings released: ฿0.004 loss per share (vs ฿0.028 profit in 2Q 2025) Second quarter 2026 results: ฿0.004 loss per share (down from ฿0.028 profit in 2Q 2025). Revenue: ฿112.7m (down 5.4% from 2Q 2025). Net loss: ฿556.9k (down 113% from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. New Risk • Jul 08
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 6.5% 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 Market cap is less than US$10m (฿289.7m market cap, or US$8.66m). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: ฿0.014 (vs ฿0.081 in FY 2024) Full year 2025 results: EPS: ฿0.014 (down from ฿0.081 in FY 2024). Revenue: ฿509.2m (flat on FY 2024). Net income: ฿2.15m (down 83% from FY 2024). Profit margin: 0.4% (down from 2.4% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. New Risk • Mar 01
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: 0.4% Last year net profit margin: 2.4% 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 Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (฿326.3m market cap, or US$10.5m). Declared Dividend • Mar 01
Dividend of ฿0.01 announced Shareholders will receive a dividend of ฿0.01. Ex-date: 12th March 2026 Payment date: 22nd May 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.5%. Ankündigung • Feb 28
Newcity (Bangkok) Public Company Limited announces Annual dividend, payable on May 22, 2026 Newcity (Bangkok) Public Company Limited announced Annual dividend of THB 0.0100 per share payable on May 22, 2026, ex-date on March 12, 2026 and record date on March 13, 2026. Ankündigung • Feb 27
Newcity (Bangkok) Public Company Limited, Annual General Meeting, Apr 28, 2026 Newcity (Bangkok) Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time. Location: kingbridge hall,4 floor, kingbridge, tower, no. 989 rama 3 road, bangpongpang, yannawa, bangkok 10120, Thailand New Risk • Oct 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿308.0m (US$9.46m) This is considered a major 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 Risk Market cap is less than US$10m (฿308.0m market cap, or US$9.46m). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: ฿0.028 (vs ฿0.011 loss in 2Q 2024) Second quarter 2025 results: EPS: ฿0.028 (up from ฿0.011 loss in 2Q 2024). Revenue: ฿124.5m (up 11% from 2Q 2024). Net income: ฿4.19m (up ฿5.94m from 2Q 2024). Profit margin: 3.4% (up from net loss in 2Q 2024). The move to profitability was driven by higher 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 31% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 08
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 8.1% 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: Minor Risks Share price has been volatile over the past 3 months (8.1% 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 (฿393.4m market cap, or US$12.2m). New Risk • Jun 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿323.3m (US$9.96m) This is considered a major 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 Risk Market cap is less than US$10m (฿323.3m market cap, or US$9.96m). Minor Risk Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • May 13
First quarter 2025 earnings released: EPS: ฿0.003 (vs ฿0.055 in 1Q 2024) First quarter 2025 results: EPS: ฿0.003 (down from ฿0.055 in 1Q 2024). Revenue: ฿133.4m (flat on 1Q 2024). Net income: ฿499.1k (down 94% from 1Q 2024). Profit margin: 0.4% (down from 6.3% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 43% per year. Buy Or Sell Opportunity • Apr 08
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to ฿2.12. The fair value is estimated to be ฿2.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company has become profitable. Declared Dividend • Mar 10
Dividend reduced to ฿0.01 Dividend of ฿0.01 is 50% lower than last year. Ex-date: 20th March 2025 Payment date: 27th May 2025 Dividend yield will be 0.4%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 33%. Cash payout ratio: 10%. Ankündigung • Mar 08
Newcity (Bangkok) Public Company Limited, Annual General Meeting, Apr 29, 2025 Newcity (Bangkok) Public Company Limited, Annual General Meeting, Apr 29, 2025, at 14:00 SE Asia Standard Time. Location: kingbridge hall,4 floor, kingbridge tower, no. 989 rama 3 road,bangpongpang, yannawa, bangkok 10120 Thailand Buy Or Sell Opportunity • Mar 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to ฿2.16. The fair value is estimated to be ฿2.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Mar 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿334.9m (US$9.81m) This is considered a major 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (฿334.9m market cap, or US$9.81m). Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin). Reported Earnings • Feb 23
Full year 2024 earnings released: EPS: ฿0.083 (vs ฿0.14 in FY 2023) Full year 2024 results: EPS: ฿0.083 (down from ฿0.14 in FY 2023). Revenue: ฿512.6m (down 2.9% from FY 2023). Net income: ฿12.3m (down 41% from FY 2023). Profit margin: 2.4% (down from 3.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to ฿2.86, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 15x in the Retail Distributors industry in Thailand. Total returns to shareholders of 212% over the past three years. New Risk • Jan 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿343.9m (US$9.98m) This is considered a major 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 Share price has been highly volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$10m (฿343.9m market cap, or US$9.98m). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Nov 18
Third quarter 2024 earnings released: ฿0.006 loss per share (vs ฿0.016 profit in 3Q 2023) Third quarter 2024 results: ฿0.006 loss per share (down from ฿0.016 profit in 3Q 2023). Revenue: ฿125.2m (down 4.1% from 3Q 2023). Net loss: ฿851.2k (down 136% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿2.74, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 14x in the Retail Distributors industry in Thailand. Total returns to shareholders of 190% over the past three years. Buy Or Sell Opportunity • Nov 12
Now 20% undervalued Over the last 90 days, the stock has risen 100% to ฿3.16. The fair value is estimated to be ฿3.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿4.02, the stock trades at a trailing P/E ratio of 49.1x. Average trailing P/E is 15x in the Retail Distributors industry in Thailand. Total returns to shareholders of 366% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ฿2.54, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 14x in the Retail Distributors industry in Thailand. Total returns to shareholders of 158% over the past three years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: ฿0.012 loss per share (vs ฿0.025 profit in 2Q 2023) Second quarter 2024 results: ฿0.012 loss per share (down from ฿0.025 profit in 2Q 2023). Revenue: ฿116.3m (down 5.2% from 2Q 2023). Net loss: ฿1.75m (down 147% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿1.58, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 13x in the Retail Distributors industry in Thailand. Total returns to shareholders of 69% over the past three years. New Risk • Jun 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿367.8m (US$9.99m) This is considered a major 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿2.56, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 16x in the Retail Distributors industry in Thailand. Total returns to shareholders of 163% over the past three years. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: ฿0.056 (vs ฿0.076 in 1Q 2023) First quarter 2024 results: EPS: ฿0.056 (down from ฿0.076 in 1Q 2023). Revenue: ฿133.1m (down 2.6% from 1Q 2023). Net income: ฿8.33m (down 27% from 1Q 2023). Profit margin: 6.3% (down from 8.3% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 14
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 8.3% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Thai dividend payers (5.8%). Lower than average of industry peers (2.6%). Declared Dividend • Mar 10
Dividend of ฿0.02 announced Shareholders will receive a dividend of ฿0.02. Ex-date: 21st March 2024 Payment date: 21st May 2024 Dividend yield will be 0.4%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 14%. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: ฿0.14 (vs ฿0.062 in FY 2022) Full year 2023 results: EPS: ฿0.14 (up from ฿0.062 in FY 2022). Revenue: ฿531.8m (up 1.0% from FY 2022). Net income: ฿20.8m (up 124% from FY 2022). Profit margin: 3.9% (up from 1.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿3.70, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 13x in the Retail Distributors industry in Thailand. Total returns to shareholders of 289% over the past three years. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿5.50, the stock trades at a trailing P/E ratio of 46x. Average trailing P/E is 15x in the Retail Distributors industry in Thailand. Total returns to shareholders of 511% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 67% After last week's 67% share price gain to ฿8.00, the stock trades at a trailing P/E ratio of 66.9x. Average trailing P/E is 16x in the Retail Distributors industry in Thailand. Total returns to shareholders of 851% over the past three years. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿5.85, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 17x in the Retail Distributors industry in Thailand. Total returns to shareholders of 595% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ฿8.60, the stock trades at a trailing P/E ratio of 71.9x. Average trailing P/E is 18x in the Retail Distributors industry in Thailand. Total returns to shareholders of 916% over the past three years. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 149% After last week's 149% share price gain to ฿3.58, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 20x in the Retail Distributors industry in Thailand. Total returns to shareholders of 307% over the past three years. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorates as stock falls 90% After last week's 90% share price decline to ฿1.30, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 18x in the Retail Distributors industry in Thailand. Total loss to shareholders of 85% over the past three years. Upcoming Dividend • Mar 02
Upcoming dividend of ฿0.014 per share Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 24 May 2023. The company last paid an ordinary dividend in April 2012. The average dividend yield among industry peers is 2.0%. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ฿14.50, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 21x in the Retail Distributors industry in Thailand. Total returns to shareholders of 28% over the past three years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Piratchai Pragobsub was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 15
First quarter 2022 earnings released: EPS: ฿0.18 (vs ฿0.50 loss in 1Q 2021) First quarter 2022 results: EPS: ฿0.18 (up from ฿0.50 loss in 1Q 2021). Revenue: ฿119.6m (up 13% from 1Q 2021). Net income: ฿2.71m (up ฿10.1m from 1Q 2021). Profit margin: 2.3% (up from net loss in 1Q 2021). 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 80 percentage points per year, which is a significant difference in performance. Board Change • Apr 29
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Piratchai Pragobsub was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿1.56 loss per share (up from ฿2.41 loss in FY 2020). Revenue: ฿402.5m (down 12% from FY 2020). Net loss: ฿23.2m (loss narrowed 35% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: ฿0.52 loss per share (vs ฿0.30 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿89.0m (up 11% from 2Q 2020). Net loss: ฿7.77m (loss widened 73% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
First quarter 2021 earnings released: ฿0.50 loss per share (vs ฿0.092 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ฿105.5m (down 18% from 1Q 2020). Net loss: ฿7.43m (down ฿8.81m from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Executive Departure • Mar 10
Director has left the company On the 1st of March, Jurion Chimalawong's tenure in the role of Director ended. We don't have any record of a personal shareholding under Jurion's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 21
Full year 2020 earnings released: ฿2.41 loss per share (vs ฿0.56 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: ฿457.8m (down 29% from FY 2019). Net loss: ฿36.0m (down ฿44.3m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Executive Departure • Feb 09
Chief Accountant has left the company On the 29th of January, Wichien Chaichitaton's tenure in the role of Chief Accountant ended. We don't have any record of a personal shareholding under Wichien's name. Wichien is the only executive to leave the company over the last 12 months. Reported Earnings • Nov 16
Third quarter 2020 earnings released: ฿0.45 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: ฿123.8m (down 18% from 3Q 2019). Net loss: ฿6.66m (loss widened 34% from 3Q 2019). 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 16% per year, which means it has not declined as severely as earnings. 
