Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: ฿0.01 (vs ฿0.08 in FY 2024) Full year 2025 results: EPS: ฿0.01 (down from ฿0.08 in FY 2024). Revenue: ฿567.0m (down 20% from FY 2024). Net income: ฿4.15m (down 86% from FY 2024). Profit margin: 0.7% (down from 4.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Anuncio • Feb 26
PROEN Corp Public Company Limited, Annual General Meeting, Apr 27, 2026 PROEN Corp Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:30 SE Asia Standard Time. Location: at the companys office located at 11/80 soi-, pracha uthit 8 yaek 2,huai khwang subdistrict, huai khwang district, bangkok 10310 Thailand New Risk • Feb 20
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 6.1% 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: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (฿482.9m market cap, or US$15.5m). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿1.20, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 12x in the Electronic industry in Thailand. Total loss to shareholders of 82% over the past three years. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.047 loss in 3Q 2024) Third quarter 2025 results: EPS: ฿0 (improved from ฿0.047 loss in 3Q 2024). Revenue: ฿165.5m (up 43% from 3Q 2024). Net loss: ฿129.6k (loss narrowed 99% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿1.54, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 14x in the Electronic industry in Thailand. Total loss to shareholders of 74% over the past three years. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.051 loss in 2Q 2024) Second quarter 2025 results: EPS: ฿0.09 (up from ฿0.051 loss in 2Q 2024). Revenue: ฿123.6m (down 20% from 2Q 2024). Net income: ฿35.2m (up ฿52.8m from 2Q 2024). Profit margin: 28% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 43% per year. Reported Earnings • May 10
First quarter 2025 earnings released: ฿0.04 loss per share (vs ฿0.01 loss in 1Q 2024) First quarter 2025 results: ฿0.04 loss per share (further deteriorated from ฿0.01 loss in 1Q 2024). Revenue: ฿167.4m (up 21% from 1Q 2024). Net loss: ฿15.6m (loss widened 380% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 44% per year, which means it has not declined as severely as earnings. Anuncio • Apr 18
Veritas Data Centre Company Limited agreed to acquire remaining 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from PROEN Corp Public Company Limited (SET:PROEN) for THB 290 million. Veritas Data Centre Company Limited agreed to acquire remaining 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from PROEN Corp Public Company Limited (SET:PROEN) for THB 290 million on April 17, 2025. A cash consideration of THB 290 million will be paid by Veritas Data Centre Company Limited for 50,568,927 shares. Upon completion, Veritas Data Centre Company Limited will own 100% stake in Seashore Data Center and Cloud Services Co., Ltd.
The transaction has been unanimously approved by the board of PROEN Corp Public Company Limited. The expected completion of the transaction is in 2025. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ฿1.32, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 13x in the Electronic industry in Thailand. Total loss to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ฿1.32, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 15x in the Electronic industry in Thailand. Total loss to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 44% After last week's 44% share price gain to ฿1.50, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 13x in the Electronic industry in Thailand. Total loss to shareholders of 78% over the past three years. Anuncio • Mar 03
PROEN Corp Public Company Limited Appoints Vachiraporn Aganapanya as Chief Financial Officer PROEN Corp. Public Company Limited announced appointment of Miss Vachiraporn Aganapanya as Chief Financial Officer. Effective Date of Appointment is March 3, 2025. Anuncio • Feb 27
PROEN Corp Public Company Limited, Annual General Meeting, Apr 24, 2025 PROEN Corp Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Location: at the company`s office located at 11/80, soi pracha uthit 8 yaek 2, huai khwang subdistrict, huai khwang district, bangkok 10310 Thailand Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: ฿0.08 (vs ฿0.048 in FY 2023) Full year 2024 results: EPS: ฿0.08 (up from ฿0.048 in FY 2023). Revenue: ฿707.8m (down 7.3% from FY 2023). Net income: ฿29.2m (up 86% from FY 2023). Profit margin: 4.1% (up from 2.1% 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 46% per year, which means it has not declined as severely as earnings. Anuncio • Feb 17
PROEN Corp Public Company Limited Announces Resignation of Chonticha Supaluxmetha as Chief Financial Officer PROEN Corp. Public Company Limited announced the resignation of Mrs. Chonticha Supaluxmetha as Chief Financial Officer. Effective Date of Termination is on 17 February 2025. Buy Or Sell Opportunity • Dec 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 74% to ฿4.64. The fair value is estimated to be ฿3.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Nov 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 171% to ฿4.68. The fair value is estimated to be ฿3.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 17
Third quarter 2024 earnings released: ฿0.05 loss per share (vs ฿0.017 profit in 3Q 2023) Third quarter 2024 results: ฿0.05 loss per share (down from ฿0.017 profit in 3Q 2023). Revenue: ฿115.9m (down 51% from 3Q 2023). Net loss: ฿17.9m (down 431% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Anuncio • Oct 02
PROEN Corp Public Company Limited Announces Resignation of Somkiat Yubanphaeo as Director PROEN Corp. Public Company Limited announced that Mr. Somkiat Yubanphaeo has submitted his resignation from Director Due to personal reasons the effective date on October 1, 2024. Anuncio • Sep 09
PROEN Corp Public Company Limited Appoints Mr. Artis Phetcharattana as A Director PROEN CORP Public Company Limited announced at the Board of Directors meeting, held on September 6, 2024, a resolution was passed to appoint Mr. Artis Phetcharattana as a Director of the Company, replacing Mr. Naris Ratyiam who has resigned from the position due to retirement. This appointment is effective from September 6, 2024. Anuncio • Sep 04
PROEN Corp Public Company Limited (SET:PROEN) agreed to acquire 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from Veritas Data Centre Company Limited for approximately THB 265 million. PROEN Corp Public Company Limited (SET:PROEN) agreed to acquire 30% stake in Seashore Data Center and Cloud Services Co., Ltd. from Veritas Data Centre Company Limited for approximately THB 265 million on September 2, 2024. The transaction is subject to approval of offer by acquirer board. The deal has been unanimously approved by the board. Buy Or Sell Opportunity • Aug 19
Now 24% overvalued Over the last 90 days, the stock has fallen 3.5% to ฿1.65. The fair value is estimated to be ฿1.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 10
Second quarter 2024 earnings released: ฿0.05 loss per share (vs ฿0.017 profit in 2Q 2023) Second quarter 2024 results: ฿0.05 loss per share (down from ฿0.017 profit in 2Q 2023). Revenue: ฿154.9m (up 22% from 2Q 2023). Net loss: ฿17.6m (down 426% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. New Risk • Aug 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (37% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (฿490.7m market cap, or US$13.8m). Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿1.25, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 80% over the past three years. Anuncio • Jul 01
PROEN Corp Public Company Limited Announces Chief Financial Officer Changes PROEN Corp. Public Company Limited announced changing of CFO. Termination of Mr. Nititorn Deeumpai as chief financial officer. Effective date of termination is 1 July 2024. Appointment of Mrs. Chonticha Supaluxmetha as chief financial officer. Effective date of appointment is 1 July 2024. New Risk • Jun 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿363.7m (US$9.90m) 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 Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (37% accrual ratio). Market cap is less than US$10m (฿363.7m market cap, or US$9.90m). Minor Risks Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿1.83, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿1.55, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 77% over the past three years. Reported Earnings • May 11
First quarter 2024 earnings released: ฿0.01 loss per share (vs ฿0.005 loss in 1Q 2023) First quarter 2024 results: ฿0.01 loss per share (further deteriorated from ฿0.005 loss in 1Q 2023). Revenue: ฿138.7m (down 31% from 1Q 2023). Net loss: ฿3.24m (loss widened 106% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. New Risk • Mar 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (64% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Market cap is less than US$100m (฿768.9m market cap, or US$21.5m). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ฿2.16, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 17x in the Electronic industry in Thailand. Total loss to shareholders of 62% over the past year. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: ฿0.05 (vs ฿0.21 in FY 2022) Full year 2023 results: EPS: ฿0.05 (down from ฿0.21 in FY 2022). Revenue: ฿763.3m (down 50% from FY 2022). Net income: ฿15.8m (down 76% from FY 2022). Profit margin: 2.1% (down from 4.3% in FY 2022). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ฿2.58, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 58% over the past year. New Risk • Feb 02
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 6.3% 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 Interest payments are not well covered by earnings (2.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 191% Paying a dividend despite having no free cash flows. High level of non-cash earnings (46% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Market cap is less than US$100m (฿1.00b market cap, or US$28.5m). Anuncio • Jan 17
PROEN Corp Public Company Limited Announces Board Changes PROEN Corp. Public Company Limited announced the appointment of Mr. Panya Boonyapiwat as Directors, Independent Directors and Chairman of the Audit Committee with effective from January 16, 2024 onwards, to replace Mr. Nopparat Phutaviriya has resigned and has appointed Mr. Chaiyooth Srijabok as Directors of the with effective from January 17, 2024 onwards, to replace Mrs. Punsaya Paprakornpisit who has resigned due to retirement. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿3.68, the stock trades at a trailing P/E ratio of 64x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 44% over the past year. Anuncio • Jan 02
Proen Corp Public Company Limited Announces Resignation of Mr. Nopparat Phutaviriya as Independent Director and Chairman of Audit Committee PROEN Corp. Public Company Limited announced that Mr. Nopparat Phutaviriya has resigned from the position of Independent Director and Chairman of Audit Committee due to other personal duties, effective from December 31, 2023 onward. Anuncio • Dec 08
PROEN Corp Public Company Limited Announces Resignation of Siriwan Lueanloi as Company Secretary PROEN Corp. Public Company Limited (The Company) announced that Miss Siriwan Lueanloi has resigned from the position of the Company Secretary, effective from 7 December 2023 onward. New Risk • Nov 11
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: 2.3% Last year net profit margin: 3.9% 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 185% Paying a dividend despite having no free cash flows. High level of non-cash earnings (46% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Market cap is less than US$100m (฿1.06b market cap, or US$29.4m). Anuncio • Aug 11
PROEN Corp Public Company Limited Appoints Siriwan Lueanloi as Company Secretary According to the resolution of the Board of Directors' meeting PROEN Corp. Public Company Limited No. 5/2023 on August 10, 2023 resolved to approve the appointment Miss Siriwan Lueanloi as Company Secretary with responsibilities by the law, effective from August 10, 2023 onwards. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.05 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.02 (down from ฿0.05 in 2Q 2022). Revenue: ฿126.6m (down 59% from 2Q 2022). Net income: ฿5.41m (down 63% from 2Q 2022). Profit margin: 4.3% (down from 4.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Board Change • Aug 05
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. 5 non-independent directors. Independent Director Parnai Kungwalrut was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). High level of non-cash earnings (57% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Market cap is less than US$100m (฿1.61b market cap, or US$45.9m). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿4.22, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 15% over the past year. Anuncio • Jun 02
Proen Corp Public Company Limited Announces Resignation of Phuwadon Muangsue as Company Secretary PROEN Corp. Public Company Limited announced that Phuwadon Muangsue has resigned from the position of the Company Secretary, effective from 1 June 2023 onward. Upcoming Dividend • May 02
Upcoming dividend of ฿0.12 per share at 2.1% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿6.10, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 32% over the past year. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorated over the past week After last week's 26% share price decline to ฿5.85, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 21x in the Electronic industry in Thailand. Total loss to shareholders of 7.2% over the past year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ฿0.08 (vs ฿0.002 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.08 (up from ฿0.002 in 3Q 2021). Revenue: ฿416.8m (up 72% from 3Q 2021). Net income: ฿25.6m (up ฿25.0m from 3Q 2021). Profit margin: 6.1% (up from 0.2% in 3Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: ฿0.08 (vs ฿0.002 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.08 (up from ฿0.002 in 3Q 2021). Revenue: ฿416.8m (up 72% from 3Q 2021). Net income: ฿25.6m (up ฿25.0m from 3Q 2021). Profit margin: 6.1% (up from 0.2% in 3Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.038 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.05 (up from ฿0.038 in 2Q 2021). Revenue: ฿309.7m (up 25% from 2Q 2021). Net income: ฿14.5m (up 30% from 2Q 2021). Profit margin: 4.7% (up from 4.5% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 22% share price gain to ฿6.30, the stock trades at a trailing P/E ratio of 57.4x. Average trailing P/E is 19x in the Electronic industry in Thailand. Total loss to shareholders of 7.4% over the past year. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ฿5.65, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 18x in the Electronic industry in Thailand. Total loss to shareholders of 26% over the past year. Reported Earnings • May 15
First quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.04 in 1Q 2021) First quarter 2022 results: EPS: ฿0.05 (up from ฿0.04 in 1Q 2021). Revenue: ฿508.3m (up 151% from 1Q 2021). Net income: ฿14.5m (up 61% from 1Q 2021). Profit margin: 2.9% (down from 4.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 30% share price decline to ฿6.45, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 23x in the Electronic industry in Thailand. Total returns to shareholders of 4.6% over the past year. Upcoming Dividend • May 02
Upcoming dividend of ฿0.058 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (5.1%). In line with average of industry peers (1.4%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Panarat Panmanee was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.10 (down from ฿0.11 in FY 2020). Revenue: ฿1.06b (up 5.7% from FY 2020). Net income: ฿29.2m (up 15% from FY 2020). Profit margin: 2.8% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Board Change • Dec 15
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Panarat Panmanee was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ฿0.001 (vs ฿0.005 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿242.0m (down 6.6% from 3Q 2020). Net income: ฿548.8k (down 53% from 3Q 2020). Profit margin: 0.2% (down from 0.5% in 3Q 2020). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.08 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿248.2m (down 21% from 2Q 2020). Net income: ฿11.2m (down 39% from 2Q 2020). Profit margin: 4.5% (down from 5.9% in 2Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 21% share price gain to ฿7.80, the stock trades at a trailing P/E ratio of 77.7x. Average trailing P/E is 27x in the Telecom industry in Thailand. Reported Earnings • May 02
Full year 2020 earnings released: EPS ฿0.11 (vs ฿0.09 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.00b (up 13% from FY 2019). Net income: ฿25.3m (up 52% from FY 2019). Profit margin: 2.5% (up from 1.9% in FY 2019).