Reported Earnings • Feb 24
Full year 2025 earnings released: EPS: ฿0.04 (vs ฿0.063 in FY 2024) Full year 2025 results: EPS: ฿0.04 (down from ฿0.063 in FY 2024). Revenue: ฿738.3m (down 3.2% from FY 2024). Net income: ฿41.4m (down 45% from FY 2024). Profit margin: 5.6% (down from 9.8% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 21
Dividend of ฿0.015 announced Shareholders will receive a dividend of ฿0.015. Ex-date: 6th March 2026 Payment date: 18th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 21% to shift the payout ratio to a potentially unsustainable range, which is less than the 23% EPS decline seen over the last 5 years. Annonce • Feb 20
V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 21, 2026 V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 21, 2026, at 09:00 SE Asia Standard Time. Location: grande centre point ploenchit hotel, Thailand Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ฿0.014 (vs ฿0.055 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.014 (down from ฿0.055 in 3Q 2024). Revenue: ฿190.1m (down 3.8% from 3Q 2024). Net income: ฿16.9m (down 74% from 3Q 2024). Profit margin: 8.9% (down from 33% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.004 (vs ฿0.001 loss in 2Q 2024) Second quarter 2025 results: EPS: ฿0.004 (up from ฿0.001 loss in 2Q 2024). Revenue: ฿177.6m (down 3.9% from 2Q 2024). Net income: ฿4.43m (up ฿5.76m from 2Q 2024). Profit margin: 2.5% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 13
Now 20% undervalued Over the last 90 days, the stock has risen 1.1% to ฿0.90. The fair value is estimated to be ฿1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 50%. Annonce • Jul 02
V.L. Enterprise Public Company Limited Announces CFO Changes, Effective July 1, 2025 V.L. Enterprise Public Company Limited announced that Miss Tasanee Tawornchaiwat will terminate her role as Chief Financial Officer effective July 1, 2025. Mrs. Chutipa Klinsuwan will be appointed as Acting Chief Financial Officer effective July 1, 2025. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ฿0.004 (vs ฿0.004 in 1Q 2024) First quarter 2025 results: EPS: ฿0.004 (in line with 1Q 2024). Revenue: ฿179.3m (down 8.6% from 1Q 2024). Net income: ฿5.00m (up 16% from 1Q 2024). Profit margin: 2.8% (up from 2.2% in 1Q 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 11% per year, which means it is significantly lagging earnings. New Risk • May 16
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue 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 Revenue is less than US$1m. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (-4.7% net profit margin). Market cap is less than US$100m (฿1.05b market cap, or US$31.8m). Buy Or Sell Opportunity • Apr 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to ฿0.83. The fair value is estimated to be ฿1.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 40%. Declared Dividend • Feb 24
Final dividend of ฿0.02 announced Shareholders will receive a dividend of ฿0.02. Ex-date: 6th March 2025 Payment date: 16th May 2025 Dividend yield will be 4.4%, which is lower than the industry average of 5.3%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 30% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. New Risk • Feb 23
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% 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. Large one-off items impacting financial results. Market cap is less than US$100m (฿1.08b market cap, or US$32.1m). Reported Earnings • Feb 21
Full year 2024 earnings released: EPS: ฿0.06 (vs ฿0.027 in FY 2023) Full year 2024 results: EPS: ฿0.06 (up from ฿0.027 in FY 2023). Revenue: ฿820.5m (up 9.8% from FY 2023). Net income: ฿74.8m (up 142% from FY 2023). Profit margin: 9.1% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿1.01, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 10x in the Oil and Gas industry in Thailand. Total loss to shareholders of 30% over the past three years. New Risk • Nov 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 140% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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). Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (฿1.46b market cap, or US$42.2m). Upcoming Dividend • Nov 19
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 26 November 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (6.7%). Lower than average of industry peers (6.7%). New Risk • Nov 11
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 Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿1.40b market cap, or US$40.6m). Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ฿1.18, the stock trades at a trailing P/E ratio of 51.9x. Average trailing P/E is 10x in the Oil and Gas industry in Thailand. Total loss to shareholders of 25% over the past three years. Buy Or Sell Opportunity • Nov 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ฿0.88. The fair value is estimated to be ฿1.13, 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. Earnings per share has declined by 30%. Annonce • Aug 21
V.L. Enterprise Public Company Limited Announces Corporate Secretary Changes V.L. Enterprise Public Company Limited informed that Mrs. Khuanruean Hemnithi has been resigned from the position of the corporate secretary with the effective date of July 25, 2024 onwards. Therefore, to assign Miss Wipada Aatpru be acting as interim company secretary until the election. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ฿1.04, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 9x in the Oil and Gas industry in Thailand. Total loss to shareholders of 45% over the past three years. Reported Earnings • Aug 10
Second quarter 2024 earnings released: ฿0.001 loss per share (vs ฿0.004 profit in 2Q 2023) Second quarter 2024 results: ฿0.001 loss per share (down from ฿0.004 profit in 2Q 2023). Revenue: ฿184.7m (up 2.2% from 2Q 2023). Net loss: ฿1.32m (down 130% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. New Risk • Aug 09
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 7.0% 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: 90% Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (฿1.08b market cap, or US$30.6m). Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Pongsak Banluetanyalak was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: ฿0.004 (vs ฿0.002 in 1Q 2023) First quarter 2024 results: EPS: ฿0.004 (up from ฿0.002 in 1Q 2023). Revenue: ฿196.3m (up 22% from 1Q 2023). Net income: ฿4.33m (up 63% from 1Q 2023). Profit margin: 2.2% (up from 1.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 05
Upcoming dividend of ฿0.025 per share Eligible shareholders must have bought the stock before 12 March 2024. Payment date: 17 May 2024. Trailing yield: 2.3%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (6.1%). Annonce • Feb 29
V.L. Enterprise Public Company Limited Proposes Dividend for the Year Ended 31 December 2023, Payable on 17 May 2024 V.L. Enterprise Public Company Limited at its board meeting held on 27 February 2024 approved the omission of Annual Dividend payment for the year ended 31 December 2023. The payment shall be paid from the retained earnings-unappropriated under promotional privileges by the Board of Investment (BOI). The Dividends will be paid at the rate of THB 0.025 per share at the amount of THB 29,590,662.88. The record date for the rights to receive dividend is on 13 March 2024 (Record Date). Also the dividend will be paid on 17 May 2024. Therefore the right to receive dividend is still uncertain as it must wait for approval from the Shareholder's Meeting. Annonce • Feb 28
V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 19, 2024 V.L. Enterprise Public Company Limited, Annual General Meeting, Apr 19, 2024, at 09:00 SE Asia Standard Time. Location: Ploenchit Room, F floor, Grande Centre Point Ploenchit Hotel, 100 Witthayu Rd, Lumphini, Pathum Wan Bangkok Thailand Agenda: To acknowledge the Company's operating results of the year 2023 and the business Plan for the year 2024; to approve the Financial Statement and Auditor Report for the year ended 31 December 2023; to approve the omission of Annual Dividend payment for the year 2023 and Allocated as legal reserve funds for the year ended 31 December 2023; and to consider other matters. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: ฿0.027 (vs ฿0.023 in FY 2022) Full year 2023 results: EPS: ฿0.027 (up from ฿0.023 in FY 2022). Revenue: ฿747.1m (up 2.5% from FY 2022). Net income: ฿31.0m (up 33% from FY 2022). Profit margin: 4.1% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Annonce • Dec 15
V.L. Enterprise Public Company Limited Announces Resignation of Chakaphat Naskan as Independent Director and Chairman of Corporate Governance and Sustainable Committee and Member of Audit Committee The V.L. Enterprise Public Company Limited announced the resignation of directors is Mr. Chakaphat Naskan has submitted his resignation letter from the Independent Director /Audit Committee /Chairman of Corporate Governance and Sustainable Committee due to having lots of missions resulting being unable to fully dedicate time to perform his duty. The resignation will be effective from December 15, 2023. The Board of Directors will conduct the nomination process and appointment of qualified Directors to replace such resigned Independent Director, Audit Committee and Directors. Reported Earnings • Nov 15
Third quarter 2023 earnings released: ฿0.001 loss per share (vs ฿0.025 profit in 3Q 2022) Third quarter 2023 results: ฿0.001 loss per share (down from ฿0.025 profit in 3Q 2022). Revenue: ฿185.3m (down 15% from 3Q 2022). Net loss: ฿1.55m (down 106% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. New Risk • Oct 21
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 6.0% 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 (1.8x net interest cover). Earnings have declined by 25% 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 (6.0% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (฿946.9m market cap, or US$26.0m). Board Change • Sep 09
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Pongsak Banluetanyalak was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0.006 loss in 2Q 2022) Second quarter 2023 results: EPS: ฿0.004 (up from ฿0.006 loss in 2Q 2022). Revenue: ฿180.8m (up 4.4% from 2Q 2022). Net income: ฿4.40m (up ฿10.5m from 2Q 2022). Profit margin: 2.4% (up from net loss in 2Q 2022). The move to profitability was primarily 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 55 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ฿1.01, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 11x in the Oil and Gas industry in Thailand. Total returns to shareholders of 6.3% over the past three years. Upcoming Dividend • Nov 16
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 22 November 2022. Payment date: 02 December 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (5.5%). Upcoming Dividend • Mar 02
Upcoming dividend of ฿0.015 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 18 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (4.7%). Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ฿1.62, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 12x in the Oil and Gas industry in Thailand. Negligible returns to shareholders over past year. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS ฿0.01 (vs ฿0.025 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿180.7m (up 10% from 3Q 2020). Net income: ฿8.21m (down 58% from 3Q 2020). Profit margin: 4.5% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Executive Departure • Aug 18
Deputy CEO & Director Kasemsak Keatsungsong has left the company On the 11th of August, Kasemsak Keatsungsong's tenure as Deputy CEO & Director ended. We don't have any record of a personal shareholding under Kasemsak's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.58 years. Upcoming Dividend • Aug 16
Upcoming dividend of ฿0.01 per share Eligible shareholders must have bought the stock before 23 August 2021. Payment date: 09 September 2021. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (5.0%). In line with average of industry peers (3.1%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.004 (vs ฿0.018 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿163.4m (up 5.2% from 2Q 2020). Net income: ฿6.46m (down 56% from 2Q 2020). Profit margin: 4.0% (down from 9.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.01 (vs ฿0.037 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿140.3m (down 20% from 1Q 2020). Net income: ฿5.61m (down 81% from 1Q 2020). Profit margin: 4.0% (down from 17% in 1Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 16% share price gain to ฿3.08, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 21x in the Oil and Gas industry in Thailand. Total returns to shareholders of 228% over the past year. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 42% share price gain to ฿2.66, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 17x in the Oil and Gas industry in Thailand. Total returns to shareholders of 208% over the past year. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS ฿0.11 (vs ฿0.11 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿651.7m (down 8.6% from FY 2019). Net income: ฿84.4m (up 4.5% from FY 2019). Profit margin: 13% (up from 11% in FY 2019). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 21% share price gain to ฿2.00, the stock is trading at a trailing P/E ratio of 19x, up from the previous P/E ratio of 15.7x. This compares to an average P/E of 18x in the Oil and Gas industry in Thailand. Total returns to shareholders over the past year are 62%. Is New 90 Day High Low • Feb 20
New 90-day high: ฿2.00 The company is up 87% from its price of ฿1.07 on 20 November 2020. The Thai market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 26% share price gain to ฿1.67, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 16x in the Oil and Gas industry in Thailand. Total returns to shareholders over the past year are 42%. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 15% share price gain to ฿1.37, the stock is trading at a trailing P/E ratio of 13x, up from the previous P/E ratio of 11.3x. This compares to an average P/E of 15x in the Oil and Gas industry in Thailand. Total returns to shareholders over the past year are 2.8%. Is New 90 Day High Low • Jan 20
New 90-day high: ฿1.25 The company is up 25% from its price of ฿1.00 on 22 October 2020. The Thai market is also up 25% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Oil and Gas industry, which is up 35% over the same period. Is New 90 Day High Low • Nov 30
New 90-day high: ฿1.17 The company is up 8.0% from its price of ฿1.08 on 01 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 16% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS ฿0.025 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ฿169.0m (down 2.5% from 3Q 2019). Net income: ฿19.6m (down 1.3% from 3Q 2019). Profit margin: 12% (in line with 3Q 2019). Is New 90 Day High Low • Oct 29
New 90-day low: ฿0.99 The company is down 22% from its price of ฿1.27 on 31 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 15% over the same period. 
