Reported Earnings • Aug 18
Second quarter 2026 earnings released: ฿0.01 loss per share (vs ฿0.005 loss in 2Q 2025) Second quarter 2026 results: ฿0.01 loss per share (further deteriorated from ฿0.005 loss in 2Q 2025). Revenue: ฿35.4m (down 8.6% from 2Q 2025). Net loss: ฿2.13m (loss widened 118% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. New Risk • Jun 19
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 (1.2x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 65% per year over the past 5 years. Market cap is less than US$10m (฿134.8m market cap, or US$4.09m). Minor Risk Revenue is less than US$5m (฿160m revenue, or US$4.9m). Reported Earnings • May 14
First quarter 2026 earnings released: EPS: ฿0.01 (vs ฿0 in 1Q 2025) First quarter 2026 results: EPS: ฿0.01 (up from ฿0 in 1Q 2025). Revenue: ฿38.6m (down 5.1% from 1Q 2025). Net income: ฿1.85m (up ฿1.77m from 1Q 2025). Profit margin: 4.8% (up from 0.2% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year and the company’s share price has also fallen by 36% per year. New Risk • Apr 15
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 7.2% 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 Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 64% per year over the past 5 years. Market cap is less than US$10m (฿129.2m market cap, or US$4.02m). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). New Risk • Mar 16
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ฿162m (US$5.0m) This is considered a minor 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 Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 64% per year over the past 5 years. Market cap is less than US$10m (฿132.9m market cap, or US$4.09m). Minor Risk Revenue is less than US$5m (฿162m revenue, or US$5.0m). Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: ฿0.001 (vs ฿0.011 loss in FY 2024) Full year 2025 results: EPS: ฿0.001 (up from ฿0.011 loss in FY 2024). Revenue: ฿162.3m (down 3.3% from FY 2024). Net income: ฿168.0k (up ฿2.21m from FY 2024). Profit margin: 0.1% (up from net loss in FY 2024). 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 43 percentage points per year, which is a significant difference in performance. Annonce • Feb 25
ASN Broker Public Company Limited, Annual General Meeting, Apr 08, 2026 ASN Broker Public Company Limited, Annual General Meeting, Apr 08, 2026, at 10:00 SE Asia Standard Time. Location: morakot room, 3rd floor, the emerald hotel, no.99/1 ratchadaphisek road, din daeng sub-district, din daeng district, bangkok 10400, bangkok Thailand Reported Earnings • Nov 16
Third quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.003 profit in 3Q 2024) Third quarter 2025 results: ฿0.01 loss per share (down from ฿0.003 profit in 3Q 2024). Revenue: ฿38.8m (down 5.3% from 3Q 2024). Net loss: ฿1.52m (down 377% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.014 loss in 2Q 2024) Second quarter 2025 results: ฿0.01 loss per share (improved from ฿0.014 loss in 2Q 2024). Revenue: ฿38.8m (down 1.2% from 2Q 2024). Net loss: ฿978.0k (loss narrowed 64% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
First quarter 2025 earnings released First quarter 2025 results: Revenue: ฿40.7m (down 2.6% from 1Q 2024). Net income: ฿81.0k (down 91% from 1Q 2024). Profit margin: 0.2% (down from 2.2% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Full year 2024 earnings released: ฿0.01 loss per share (vs ฿0.011 profit in FY 2023) Full year 2024 results: ฿0.01 loss per share (down from ฿0.011 profit in FY 2023). Revenue: ฿167.9m (up 4.2% from FY 2023). Net loss: ฿2.04m (down 203% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Annonce • Feb 27
ASN Broker Public Company Limited, Annual General Meeting, Apr 09, 2025 ASN Broker Public Company Limited, Annual General Meeting, Apr 09, 2025, at 10:00 SE Asia Standard Time. Location: morakot room, 3rd floor, the emerald, hotel, no. 99/1 ratchadaphisek road, din daeng sub-district, din daeng district, bangkok 10400 Thailand Reported Earnings • Aug 16
Second quarter 2024 earnings released: ฿0.01 loss per share (vs ฿0.001 loss in 2Q 2023) Second quarter 2024 results: ฿0.01 loss per share (further deteriorated from ฿0.001 loss in 2Q 2023). Revenue: ฿39.3m (up 1.2% from 2Q 2023). Net loss: ฿2.71m (loss widened ฿2.61m from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. New Risk • May 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿359.4m (US$9.78m) 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 (1.5x net interest cover). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (฿359.4m market cap, or US$9.78m). Minor Risk Revenue is less than US$5m (฿162m revenue, or US$4.4m). Reported Earnings • May 10
First quarter 2024 earnings released First quarter 2024 results: Revenue: ฿41.8m (up 3.1% from 1Q 2023). Net income: ฿929.0k (up 37% from 1Q 2023). Profit margin: 2.2% (up from 1.7% in 1Q 2023). The increase in margin was driven by higher revenue. Annonce • Apr 10
ASN Broker Public Company Limited Approves Suspension of Dividend for the Year Ended December 31, 2023 ASN Broker Public Company Limited announced that at its AGM held on April 10, 2024, shareholders approved the suspension of dividend payment from the operating results for the fiscal year ended December 31, 2023, due to the need to reserve cash flow for working capital requirement in 2024. Annonce • Mar 02
ASN Broker Public Company Limited Proposes to Omit Dividend for the Operating Period from January 1, 2023 to December 31, 2023 ASN Broker Public Company Limited at its board meeting held on February 21, 2024, approved to propose at its annual general meeting to be held on April 10, 2024, omit dividend payment for the operating period from January 1, 2023 to December 31, 2023. Annonce • Feb 22
ASN Broker Public Company Limited, Annual General Meeting, Apr 10, 2024 ASN Broker Public Company Limited, Annual General Meeting, Apr 10, 2024, at 10:00 SE Asia Standard Time. Location: Grand Panorama Room, 14th floor, The Emerald Hotel, No. 99/1 Ratchadaphisek Road, Din Dang Sub-District Bangkok Thailand Agenda: To consider the acknowledge the operating results of the company in 2023; to consider and approve the consolidated financial statements of the company for the accounting period ended December 31 2023; to consider and approve the amendment of the company objectives; to consider and approve the re-appointment of directors who are due to retire by rotation; and to consider other business matters. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: ฿0.01 (vs ฿0.03 in FY 2022) Full year 2023 results: EPS: ฿0.01 (down from ฿0.03 in FY 2022). Revenue: ฿161.2m (up 6.1% from FY 2022). Net income: ฿1.98m (down 62% from FY 2022). Profit margin: 1.2% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. New Risk • Nov 29
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 9.1% 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 (1.2x net interest cover). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 33% per year over the past 5 years. Minor Risks Revenue is less than US$5m (฿160m revenue, or US$4.6m). Market cap is less than US$100m (฿370.7m market cap, or US$10.6m). Reported Earnings • Nov 10
Third quarter 2023 earnings released: ฿0.01 loss per share (vs ฿0.001 loss in 3Q 2022) Third quarter 2023 results: ฿0.01 loss per share (further deteriorated from ฿0.001 loss in 3Q 2022). Revenue: ฿39.1m (up 7.5% from 3Q 2022). Net loss: ฿2.76m (loss widened ฿2.51m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Oct 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿359.4m (US$9.91m) 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 (1.4x net interest cover). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (฿359.4m market cap, or US$9.91m). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Revenue is less than US$5m (฿157m revenue, or US$4.3m). Reported Earnings • Aug 12
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ฿38.8m (up 7.6% from 2Q 2022). Net loss: ฿101.0k (loss narrowed 94% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
First quarter 2023 earnings released First quarter 2023 results: Revenue: ฿40.5m (up 6.0% from 1Q 2022). Net income: ฿680.0k (down 88% from 1Q 2022). Profit margin: 1.7% (down from 15% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 01
Upcoming dividend of ฿0.027 per share at 0.8% yield Eligible shareholders must have bought the stock before 08 March 2023. Payment date: 25 April 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.8%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (4.1%). Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: ฿0.03 (vs ฿0.079 in FY 2021) Full year 2022 results: EPS: ฿0.03 (down from ฿0.079 in FY 2021). Revenue: ฿152.0m (up 1.5% from FY 2021). Net income: ฿5.17m (down 65% from FY 2021). Profit margin: 3.4% (down from 9.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% 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. Board Change • Nov 16
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. 7 experienced directors. No highly experienced directors. Independent First Vice Chairman Monluedee Sookpantarat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 11
Third quarter 2022 earnings released: ฿0.003 loss per share (vs ฿0.016 profit in 3Q 2021) Third quarter 2022 results: ฿0.003 loss per share (down from ฿0.016 profit in 3Q 2021). Revenue: ฿36.4m (up 3.0% from 3Q 2021). Net loss: ฿251.0k (down 109% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 40% 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. Board Change • Nov 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. 7 experienced directors. No highly experienced directors. Independent First Vice Chairman Monluedee Sookpantarat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 02
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. 7 experienced directors. No highly experienced directors. Independent First Vice Chairman Monluedee Sookpantarat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ฿3.90, the stock trades at a trailing P/E ratio of 65.2x. Average trailing P/E is 19x in the Insurance industry in Thailand. Total loss to shareholders of 2.4% over the past three years. Reported Earnings • Aug 16
Second quarter 2022 earnings released: ฿0.01 loss per share (vs ฿0.011 profit in 2Q 2021) Second quarter 2022 results: ฿0.01 loss per share (down from ฿0.011 profit in 2Q 2021). Revenue: ฿36.0m (flat on 2Q 2021). Net loss: ฿1.64m (down 179% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 19% share price gain to ฿4.22, the stock trades at a trailing P/E ratio of 53x. Average trailing P/E is 19x in the Insurance industry in Thailand. Total returns to shareholders of 2.1% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 30% share price gain to ฿4.86, the stock trades at a trailing P/E ratio of 61.1x. Average trailing P/E is 21x in the Insurance industry in Thailand. Total returns to shareholders of 76% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: ฿0.03 (vs ฿0.022 in 1Q 2021) First quarter 2022 results: EPS: ฿0.03 (up from ฿0.022 in 1Q 2021). Revenue: ฿38.2m (up 2.2% from 1Q 2021). Net income: ฿5.73m (up 39% from 1Q 2021). Profit margin: 15% (up from 11% in 1Q 2021). The increase in margin 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 increased by 15% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 02
Upcoming dividend of ฿0.08 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 26 April 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.1%). Reported Earnings • Feb 25
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: ฿149.8m (up 2.8% from FY 2020). Net income: ฿14.8m (up 1.0% from FY 2020). Profit margin: 9.9% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 16% share price gain to ฿4.08, the stock trades at a trailing P/E ratio of 61.1x. Average trailing P/E is 21x in the Insurance industry in Thailand. Total returns to shareholders of 69% over the past three years. Reported Earnings • Nov 12
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿35.3m (up 5.4% from 3Q 2020). Net income: ฿2.96m (up 36% from 3Q 2020). Profit margin: 8.4% (up from 6.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.01 (vs ฿0.028 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: ฿36.0m (up 1.2% from 2Q 2020). Net income: ฿2.07m (down 60% from 2Q 2020). Profit margin: 5.7% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.02 (vs ฿0.021 in 1Q 2020) The company reported a mediocre first quarter result with weaker revenues, although profit margins were flat and earnings improved. First quarter 2021 results: Revenue: ฿37.4m (down 2.4% from 1Q 2020). Net income: ฿4.12m (up 3.9% from 1Q 2020). Profit margin: 11% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 28% share price gain to ฿5.65, the stock is trading at a trailing P/E ratio of 72.1x, up from the previous P/E ratio of 56.1x. This compares to an average P/E of 19x in the Insurance industry in Thailand. Total returns to shareholders over the past three years are 60%. Is New 90 Day High Low • Mar 09
New 90-day high: ฿5.65 The company is up 24% from its price of ฿4.56 on 08 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 6.0% over the same period. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS ฿0.08 (vs ฿0.20 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿145.7m (down 8.7% from FY 2019). Net income: ฿14.7m (down 52% from FY 2019). Profit margin: 10% (down from 19% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 16% share price gain to ฿4.80, the stock is trading at a trailing P/E ratio of 31.6x, up from the previous P/E ratio of 27.3x. This compares to an average P/E of 30x in the Insurance industry in Thailand. Total returns to shareholders over the past three years are 46%. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 17% share price gain to ฿4.90, the stock is trading at a trailing P/E ratio of 32.3x, up from the previous P/E ratio of 27.7x. This compares to an average P/E of 30x in the Insurance industry in Thailand. Total returns to shareholders over the past three years are 41%. Is New 90 Day High Low • Nov 11
New 90-day high: ฿4.90 The company is up 7.0% from its price of ฿4.58 on 13 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 1.0% over the same period.