New Risk • Apr 10
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). Market cap is less than US$10m (฿182.7m market cap, or US$5.69m). Reported Earnings • Feb 25
Full year 2025 earnings released: ฿0.074 loss per share (vs ฿0.042 loss in FY 2024) Full year 2025 results: ฿0.074 loss per share (further deteriorated from ฿0.042 loss in FY 2024). Revenue: ฿633.3m (down 27% from FY 2024). Net loss: ฿50.2m (loss widened 77% from FY 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. New Risk • Feb 24
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 8.9% 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 (8.9% average weekly change). Market cap is less than US$10m (฿223.3m market cap, or US$7.18m). Annonce • Feb 23
Siamraj Public Company Limited, Annual General Meeting, Apr 23, 2026 Siamraj Public Company Limited, Annual General Meeting, Apr 23, 2026, at 13:30 SE Asia Standard Time. Location: physical meeting, at the conference room 3-4, 9th floor, siamraj public company limited no. 289/9, moo 10, old railway road, samrong, phrapradaeng, samut prakarn, Thailand Reported Earnings • Nov 08
Third quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.005 loss in 3Q 2024) Third quarter 2025 results: ฿0.02 loss per share (further deteriorated from ฿0.005 loss in 3Q 2024). Revenue: ฿120.0m (down 40% from 3Q 2024). Net loss: ฿13.8m (loss widened 281% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 09
Second quarter 2025 earnings released: ฿0.022 loss per share (vs ฿0.031 profit in 2Q 2024) Second quarter 2025 results: ฿0.022 loss per share (down from ฿0.031 profit in 2Q 2024). Revenue: ฿142.6m (down 46% from 2Q 2024). Net loss: ฿15.0m (down 172% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. New Risk • Jul 09
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 12% 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 (12% average weekly change). Market cap is less than US$10m (฿291.0m market cap, or US$8.92m). Buy Or Sell Opportunity • Jun 06
Now 20% overvalued Over the last 90 days, the stock has fallen 7.3% to ฿0.51. The fair value is estimated to be ฿0.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 13%. Buy Or Sell Opportunity • May 16
Now 22% overvalued Over the last 90 days, the stock has fallen 8.8% to ฿0.52. The fair value is estimated to be ฿0.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 13%. Reported Earnings • May 10
First quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.056 loss in 1Q 2024) First quarter 2025 results: ฿0.02 loss per share (improved from ฿0.056 loss in 1Q 2024). Revenue: ฿169.3m (down 5.2% from 1Q 2024). Net loss: ฿13.6m (loss narrowed 64% from 1Q 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 29% per year, which means it is performing significantly worse than earnings. New Risk • Mar 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿331.6m (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 (13% average weekly change). Earnings have declined by 10% per year over the past 5 years. Market cap is less than US$10m (฿331.6m market cap, or US$9.81m). Annonce • Feb 21
Siamraj Public Company Limited, Annual General Meeting, Apr 24, 2025 Siamraj Public Company Limited, Annual General Meeting, Apr 24, 2025, at 13:30 SE Asia Standard Time. Location: at the conference room 3-4, 9th floor, siamraj public company limited no.289/9, moo 10, old railway road, samrong, phrapradaeng, samutprakarn, Thailand Reported Earnings • Feb 21
Full year 2024 earnings released: ฿0.042 loss per share (vs ฿0.17 loss in FY 2023) Full year 2024 results: ฿0.042 loss per share (improved from ฿0.17 loss in FY 2023). Revenue: ฿865.7m (down 18% from FY 2023). Net loss: ฿28.3m (loss narrowed 76% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 28% per year. New Risk • Jan 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿345.1m (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 (15% average weekly change). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (฿345.1m market cap, or US$9.98m). Reported Earnings • Nov 12
Third quarter 2024 earnings released: ฿0.005 loss per share (vs ฿0.05 loss in 3Q 2023) Third quarter 2024 results: ฿0.005 loss per share (improved from ฿0.05 loss in 3Q 2023). Revenue: ฿198.5m (down 31% from 3Q 2023). Net loss: ฿3.63m (loss narrowed 89% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 25% per year. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: ฿0.031 (vs ฿0.009 loss in 2Q 2023) Second quarter 2024 results: EPS: ฿0.031 (up from ฿0.009 loss in 2Q 2023). Revenue: ฿261.8m (down 3.1% from 2Q 2023). Net income: ฿20.8m (up ฿26.6m from 2Q 2023). Profit margin: 7.9% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Annonce • Jul 26
Siamraj Public Company Limited Announces Board and Committee Changes Siamraj Public Company Limited at its Board meeting held on July 25, 2024, approved the appointment of Mr. Bunyong Visatemongkolchai as the Chairman of the Board of Directors and Independent Director replace the position of Ms.Udomporn Jiranapakulwat who holds the position of Director and resigned. And Appointment of Mr.Chaovarat Chaochavanil as the Director Independent Director/Member of the Audit Committee/Member of the Nomination and Remuneration Committee replace the position of Mr.Bunprasit Tangchaisuk who have resigned. Both effective from July 25, 2024. Reported Earnings • May 11
First quarter 2024 earnings released: ฿0.056 loss per share (vs ฿0.013 loss in 1Q 2023) First quarter 2024 results: ฿0.056 loss per share (further deteriorated from ฿0.013 loss in 1Q 2023). Revenue: ฿178.6m (down 31% from 1Q 2023). Net loss: ฿38.2m (loss widened 326% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Annonce • Apr 27
Siamraj Public Company Limited Announces Resignation of Bunprasit Tangchaisuk as Independent Director, Member of Audit Committee and Member of Nomination and Remuneration Committee Siamraj Public Company Limited announced that Mr. Bunprasit Tangchaisuk has resigned from the position of the Independent Director, Member of Audit Committee and Member of Nomination and Remuneration Committee of the Company due to his other business engagement caused him unable to perform any acts in such positions with effect from May 1, 2024 onwards. 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 9.2% 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 (9.2% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿426.3m market cap, or US$11.6m). Annonce • Mar 28
Siamraj Public Company Limited Announces Chief Financial Officer Changes Siamraj Public Company Limited announced the termination of Miss. Kornkanok Klinkhachonwong as Chief Financial Officer, effective March 31, 2024. The company announced the appointment of Miss. Kornkanok Kornkanok as Chief Financial Officer, effective April 1, 2024. Annonce • Mar 07
Siamraj Public Company Limited Announces Resignation of Udomporn Jiranapakulwat as Director, Effective April 1, 2024 Siamraj Public Company Limited informed that Mrs. Udomporn Jiranapakulwat has resigned from the director of the Company due to her other business engagement caused her unable to perform any acts in such positions with effect from April 1, 2024 onwards. Reported Earnings • Feb 24
Full year 2023 earnings released: ฿0.17 loss per share (vs ฿0.082 loss in FY 2022) Full year 2023 results: ฿0.17 loss per share (further deteriorated from ฿0.082 loss in FY 2022). Revenue: ฿1.05b (down 21% from FY 2022). Net loss: ฿118.7m (loss widened 113% from FY 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annonce • Feb 23
Siamraj Public Company Limited, Annual General Meeting, Apr 25, 2024 Siamraj Public Company Limited, Annual General Meeting, Apr 25, 2024, at 13:30 SE Asia Standard Time. Location: Conference room 3-4, 9th floor, Siamraj Public Company Limited No. 289/9, Moo 10, Old Railway Road, Samrong, Phrapradaeng Samut Prakarn Thailand Agenda: To consider Matters to be informed by the Chairman for acknowledgement; to consider and adopt the minutes of the 2023 Annual General Meeting of Shareholders; to consider and acknowledge the Company's business operation for year 2023; to consider and approve the statements of financial position and profit and loss statement for the fiscal year ending on December 31, 2023; and to transact such other business matters. New Risk • Nov 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 8.9% 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 (8.9% average weekly change). Earnings have declined by 40% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿500.8m market cap, or US$14.1m). Reported Earnings • Nov 12
Third quarter 2023 earnings released: ฿0.05 loss per share (vs ฿0.017 profit in 3Q 2022) Third quarter 2023 results: ฿0.05 loss per share (down from ฿0.017 profit in 3Q 2022). Revenue: ฿289.2m (down 24% from 3Q 2022). Net loss: ฿33.6m (down 391% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2023 earnings released: ฿0.008 loss per share (vs ฿0.003 loss in 2Q 2022) Second quarter 2023 results: ฿0.008 loss per share (further deteriorated from ฿0.003 loss in 2Q 2022). Revenue: ฿270.2m (down 14% from 2Q 2022). Net loss: ฿5.84m (loss widened 176% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. GM, Company Secretary & Director Maturot Hotarapavanont was the last 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 13
Second quarter 2022 earnings released: ฿0.003 loss per share (vs ฿0.03 loss in 2Q 2021) Second quarter 2022 results: ฿0.003 loss per share (up from ฿0.03 loss in 2Q 2021). Revenue: ฿313.7m (up 47% from 2Q 2021). Net loss: ฿2.12m (loss narrowed 89% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2022 earnings released: ฿0.006 loss per share (vs ฿0.029 loss in 1Q 2021) First quarter 2022 results: ฿0.006 loss per share (up from ฿0.029 loss in 1Q 2021). Revenue: ฿245.8m (up 8.9% from 1Q 2021). Net loss: ฿4.21m (loss narrowed 79% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Acting Chairman Roj Burusratanabhand was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿0.11 loss per share (up from ฿0.19 loss in FY 2020). Revenue: ฿933.9m (down 46% from FY 2020). Net loss: ฿77.1m (loss narrowed 41% 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 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Third quarter 2021 earnings released: ฿0.06 loss per share (vs ฿0.15 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: ฿223.9m (down 28% from 3Q 2020). Net loss: ฿43.0m (loss narrowed 56% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
First quarter 2021 earnings released: ฿0.029 loss per share (vs ฿0.04 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: ฿225.7m (down 56% from 1Q 2020). Net loss: ฿20.0m (loss narrowed 26% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 15
New 90-day high: ฿0.82 The company is up 34% from its price of ฿0.61 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 25
New 90-day high: ฿0.80 The company is up 29% from its price of ฿0.62 on 25 September 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 3.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: ฿0.15 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿313.4m (down 13% from 3Q 2019). Net loss: ฿98.5m (down ฿106.4m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 19
New 90-day low: ฿0.58 The company is down 18% from its price of ฿0.71 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 4.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ฿0.62 The company is down 17% from its price of ฿0.75 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 Energy Services industry, which is up 4.0% over the same period.