New Risk • Apr 20
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 11% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 51% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿990.0m market cap, or US$30.9m). Reported Earnings • Mar 02
Full year 2025 earnings released: ฿0.76 loss per share (vs ฿0.087 loss in FY 2024) Full year 2025 results: ฿0.76 loss per share (further deteriorated from ฿0.087 loss in FY 2024). Revenue: ฿916.0m (up 17% from FY 2024). Net loss: ฿498.4m (loss widened ฿440.8m from FY 2024). 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 34% per year, which means it has not declined as severely as earnings. Annonce • Feb 27
Asia Precision Public Company Limited, Annual General Meeting, Apr 29, 2026 Asia Precision Public Company Limited, Annual General Meeting, Apr 29, 2026, at 10:00 SE Asia Standard Time. Location: suanluang room 1-3, 1st fl, novotel bangkok bangna, 333 srinakarin road, nongbon, prawet, bangkok, 10250 Thailand New Risk • Nov 20
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 9.7% 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 Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 42% 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 (฿871.2m market cap, or US$26.8m). Reported Earnings • Aug 09
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ฿253.1m (up 29% from 2Q 2024). Net loss: ฿55.1m (down ฿60.5m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. New Risk • Jun 29
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 7.9% 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 Earnings have declined by 35% 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. Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (฿943.8m market cap, or US$28.9m). Reported Earnings • May 12
First quarter 2025 earnings released: ฿0.084 loss per share (vs ฿0.043 profit in 1Q 2024) First quarter 2025 results: ฿0.084 loss per share (down from ฿0.043 profit in 1Q 2024). Revenue: ฿275.2m (up 95% from 1Q 2024). Net loss: ฿55.7m (down 294% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 26
Full year 2024 earnings released: ฿0.087 loss per share (vs ฿0.15 profit in FY 2023) Full year 2024 results: ฿0.087 loss per share (down from ฿0.15 profit in FY 2023). Revenue: ฿1.38b (up 9.7% from FY 2023). Net loss: ฿57.6m (down 158% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Annonce • Feb 25
Asia Precision Public Company Limited, Annual General Meeting, Apr 23, 2025 Asia Precision Public Company Limited, Annual General Meeting, Apr 23, 2025, at 10:00 SE Asia Standard Time. Location: at srinagarindra 1 room, 9th floor, the grand fourwings hotel, 333 srinagarindra road, hua mak,bang kapi, in a fully in-person format (physical meeting)., bangkok 10240 Thailand Annonce • Feb 24
Asia Precision Public Company Limited Announces Stepdown of Apichart Karoonkornsakul as Authorized Director Asia Precision Public Company Limited at its board meeting held on February 24, 2025, announced Mr. Apichart Karoonkornsakul's term is coming to an end and he has expressed his intention to step down as an authorized director. New Risk • Feb 17
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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 40% 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 (฿1.06b market cap, or US$31.3m). New Risk • Nov 27
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 6.6% 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 Earnings have declined by 40% 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. Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (฿1.27b market cap, or US$36.9m). Reported Earnings • Nov 14
Third quarter 2024 earnings released: ฿0.04 loss per share (vs ฿0.046 loss in 3Q 2023) Third quarter 2024 results: ฿0.04 loss per share (improved from ฿0.046 loss in 3Q 2023). Revenue: ฿350.8m (up 50% from 3Q 2023). Net loss: ฿26.2m (loss narrowed 14% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.008 (vs ฿0.014 loss in 2Q 2023) Second quarter 2024 results: EPS: ฿0.008 (up from ฿0.014 loss in 2Q 2023). Revenue: ฿363.2m (up 13% from 2Q 2023). Net income: ฿5.46m (up ฿14.5m from 2Q 2023). Profit margin: 1.5% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: ฿0.04 (vs ฿1.55 in 1Q 2023) First quarter 2024 results: EPS: ฿0.04 (down from ฿1.55 in 1Q 2023). Revenue: ฿356.9m (down 9.4% from 1Q 2023). Net income: ฿28.7m (down 72% from 1Q 2023). Profit margin: 8.0% (down from 26% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Annonce • Apr 27
Asia Precision Public Company Limited Approves the Appointment of Sompote Valyasevi as Director Asia Precision Public Company Limited at its AGM held on April 25, 2024, approved the increasing the number of directors from the original 7 to 8 by appointing Dr. Sompote Valyasevi is a new director of the company. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: ฿0.15 (vs ฿0.32 loss in FY 2022) Full year 2023 results: EPS: ฿0.15 (up from ฿0.32 loss in FY 2022). Revenue: ฿1.69b (down 4.9% from FY 2022). Net income: ฿99.1m (up ฿312.5m from FY 2022). Profit margin: 5.9% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Annonce • Feb 28
Asia Precision Public Company Limited, Annual General Meeting, Apr 25, 2024 Asia Precision Public Company Limited, Annual General Meeting, Apr 25, 2024, at 10:00 SE Asia Standard Time. Location: The Grand Ballroom, floor 4th, Hilton Bangkok Grande Asoke No. 30 Sukhumvit 21 (Asoke) Road, Khlong Toei Nuea, Wattana, Bangkok Thailand Agenda: To consider and certify the minutes of the 2023 Annual General Meeting of Shareholders; to acknowledge the company and its subsidiaries' operating result for the year 2023; to consider and approve the Company and its subsidiaries' financial statements for the year ended 31 December 2023, which has been audited; to consider and approve no profit allocation for legal reserve required and no dividend payment for the year ended 31 December 2023; to consider and approve the election of directors to replace those who retire by rotation to be the directors for the year 2024; to consider and approve the increasing of company's director and appointment of a new director; to consider and approve the Remuneration of the Board of Directors and Sub-Committee for the year 2024; and to consider other matters. New Risk • Nov 28
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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 58% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (฿2.56b market cap, or US$73.0m). New Risk • Nov 22
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 58% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿2.48b market cap, or US$70.6m). Reported Earnings • Nov 16
Third quarter 2023 earnings released: ฿0.05 loss per share (vs ฿0.092 loss in 3Q 2022) Third quarter 2023 results: ฿0.05 loss per share (improved from ฿0.092 loss in 3Q 2022). Revenue: ฿284.4m (down 51% from 3Q 2022). Net loss: ฿30.5m (loss narrowed 50% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 10
Second quarter 2023 earnings released: ฿0.01 loss per share (vs ฿0.021 loss in 2Q 2022) Second quarter 2023 results: ฿0.01 loss per share (improved from ฿0.021 loss in 2Q 2022). Revenue: ฿364.6m (down 46% from 2Q 2022). Net loss: ฿9.04m (loss narrowed 36% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 19
Third quarter 2022 earnings released: ฿0.092 loss per share (vs ฿0.11 profit in 3Q 2021) Third quarter 2022 results: ฿0.092 loss per share (down from ฿0.11 profit in 3Q 2021). Revenue: ฿596.5m (down 11% from 3Q 2021). Net loss: ฿60.7m (down 186% from profit in 3Q 2021). 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 7% per year, which means it is well ahead of earnings. Board Change • Nov 16
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 Vice Chairman of the Board Ratana Anupasanant 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 14
Second quarter 2022 earnings released: ฿0.021 loss per share (vs ฿0.088 profit in 2Q 2021) Second quarter 2022 results: ฿0.021 loss per share (down from ฿0.088 profit in 2Q 2021). Revenue: ฿669.5m (up 34% from 2Q 2021). Net loss: ฿14.0m (down 124% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: ฿0.062 (down from ฿0.12 in 1Q 2021). Revenue: ฿807.5m (up 77% from 1Q 2021). Net income: ฿40.6m (down 49% from 1Q 2021). Profit margin: 5.0% (down from 18% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • May 03
Upcoming dividend of ฿0.06 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 30 May 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.0%). 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. 4 non-independent directors. Independent Director Wichien Cherdchutrakuntong 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. Board Change • Mar 18
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. 4 non-independent directors. Independent Director Wichien Cherdchutrakuntong 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. Reported Earnings • Feb 20
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿0.32 (up from ฿0.021 in FY 2020). Revenue: ฿2.17b (up 1.9% from FY 2020). Net income: ฿210.6m (up ฿196.5m from FY 2020). Profit margin: 9.7% (up from 0.7% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ฿4.54, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 18x in the Machinery industry in Thailand. Total loss to shareholders of 1.2% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.073 in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: ฿670.5m (flat on 3Q 2020). Net income: ฿70.3m (up 47% from 3Q 2020). Profit margin: 11% (up from 7.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.095 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿457.1m (up 8.2% from 1Q 2020). Net income: ฿80.3m (up ฿142.7m from 1Q 2020). Profit margin: 18% (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 32% 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 • Apr 30
Upcoming dividend of ฿0.06 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 21 May 2021. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (2.6%). Reported Earnings • Mar 03
Full year 2020 earnings released: EPS ฿0.02 (vs ฿0.36 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿2.13b (down 24% from FY 2019). Net income: ฿14.1m (down 94% from FY 2019). Profit margin: 0.7% (down from 8.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 22
New 90-day low: ฿4.94 The company is down 1.0% from its price of ฿4.98 on 22 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS ฿0.07 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿668.6m (down 25% from 3Q 2019). Net income: ฿48.0m (down 33% from 3Q 2019). Profit margin: 7.2% (down from 8.0% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% 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. Is New 90 Day High Low • Oct 22
New 90-day low: ฿4.98 The company is down 16% from its price of ฿5.90 on 24 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day low: ฿5.20 The company is down 9.0% from its price of ฿5.70 on 08 July 2020. The Thai market is also down 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Machinery industry, which is down 3.0% over the same period.