Reported Earnings • Aug 14
Second quarter 2026 earnings released: EPS: ฿0.088 (vs ฿0.086 in 2Q 2025) Second quarter 2026 results: EPS: ฿0.088 (up from ฿0.086 in 2Q 2025). Revenue: ฿260.5m (down 4.0% from 2Q 2025). Net income: ฿53.0m (up 2.5% from 2Q 2025). Profit margin: 20% (up from 19% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 13
Dividend of ฿0.11 announced Shareholders will receive a dividend of ฿0.11. Ex-date: 26th August 2026 Payment date: 8th September 2026 Dividend yield will be 10.0%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio) nor is it adequately covered by cash flows (98% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 21
First quarter 2026 earnings released: EPS: ฿0.28 (vs ฿0.26 in 1Q 2025) First quarter 2026 results: EPS: ฿0.28 (up from ฿0.26 in 1Q 2025). Revenue: ฿485.6m (up 9.0% from 1Q 2025). Net income: ฿169.1m (up 10.0% from 1Q 2025). Profit margin: 35% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • May 21
New major risk - Revenue and earnings growth Earnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 105% Cash payout ratio: 98% Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (฿1.02b market cap, or US$31.2m). Upcoming Dividend • Apr 02
Upcoming dividend of ฿0.07 per share Eligible shareholders must have bought the stock before 09 April 2026. Payment date: 27 April 2026. The company is paying out more than 100% of its profits and is paying out 92% of its cash flow. Trailing yield: 10%. Within top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (3.5%). Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: ฿0.14 (vs ฿0.18 in FY 2024) Full year 2025 results: EPS: ฿0.14 (down from ฿0.18 in FY 2024). Revenue: ฿829.3m (up 11% from FY 2024). Net income: ฿81.7m (down 25% from FY 2024). Profit margin: 9.9% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 23
Dividend of ฿0.07 announced Dividend of ฿0.07 is the same as last year. Ex-date: 9th April 2026 Payment date: 27th April 2026 Dividend yield will be 9.9%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio). However, it is covered by cash flows (82% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control, which is less than the 33% EPS growth achieved over the last 5 years. Annonce • Feb 20
Grand Prix International Public Company Limited, Annual General Meeting, Apr 01, 2026 Grand Prix International Public Company Limited, Annual General Meeting, Apr 01, 2026, at 13:30 SE Asia Standard Time. Location: room jupiter 4-5, impact muang thong thani, Thailand Reported Earnings • Nov 12
Third quarter 2025 earnings released: ฿0.10 loss per share (vs ฿0.074 loss in 3Q 2024) Third quarter 2025 results: ฿0.10 loss per share (further deteriorated from ฿0.074 loss in 3Q 2024). Revenue: ฿57.9m (up 94% from 3Q 2024). Net loss: ฿60.8m (loss widened 36% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 16
First half dividend of ฿0.10 announced Shareholders will receive a dividend of ฿0.10. Ex-date: 27th August 2025 Payment date: 8th September 2025 Dividend yield will be 10%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.086 (vs ฿0.10 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.086 (down from ฿0.10 in 2Q 2024). Revenue: ฿271.4m (down 5.9% from 2Q 2024). Net income: ฿51.7m (down 17% from 2Q 2024). Profit margin: 19% (down from 22% in 2Q 2024). The decrease in margin was driven by lower revenue. 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 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ฿0.26 (vs ฿0.22 in 1Q 2024) First quarter 2025 results: EPS: ฿0.26 (up from ฿0.22 in 1Q 2024). Revenue: ฿445.7m (up 16% from 1Q 2024). Net income: ฿153.8m (up 16% from 1Q 2024). Profit margin: 35% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to ฿1.60. The fair value is estimated to be ฿1.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 41%. Upcoming Dividend • Apr 02
Upcoming dividend of ฿0.07 per share Eligible shareholders must have bought the stock before 09 April 2025. Payment date: 28 April 2025. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 11%. Within top quartile of Thai dividend payers (7.7%). Higher than average of industry peers (2.7%). Annonce • Apr 01
Grand Prix International Public Company Limited Approves Dividend for the Year 2024, Payable on April 28, 2025 Grand Prix International Public Company Limited, at its AGM held on March 31, 2025 approve the appropriation of legal reserve and dividend payment for 2024 to the existing common shareholders of the total 600,000,000 shares, at the rate of THB 0.07 per share, amounting to the total dividend payment amount of THB 42,000,000 and acknowledged the payment of interim dividends on September 6, 2024 at the rate of THB 0.10 per share, amounting to the total dividend payment amount of THB 60,000,000, including the annual dividend payment for 2024, at the rate of THB 0.17 per share or equivalent to the total dividend payment of 97.21% of the net profit for the year 2024. The record date for shareholders entitled to receive dividend shall be April 10, 2025, and the dividend payment shall be paid on April 28, 2025. Declared Dividend • Feb 26
Final dividend of ฿0.07 announced Shareholders will receive a dividend of ฿0.07. Ex-date: 9th April 2025 Payment date: 28th April 2025 Dividend yield will be 9.9%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 1.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿1.74, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 18x in the Media industry in Thailand. Total returns to shareholders of 10% over the past three years. Annonce • Dec 26
Grand Prix International Public Company Limited Announces Chief Executive Officer Changes Grand Prix International Public Company Limited notified of the resolutions passed at the Board of Directors Meeting No. 7/2024, held on December 24, 2024, as follows: Acknowledgement of the resignation of Mr. Prachin Eamlumnow from the position of Chief Executive Officer (CEO), effective from December 24, 2024 onwards. Mr. Prachin Eamlumnow will continue to perform duties as the Chairman of the Executive Committee; Approval of the appointment of Mr. Peeraphong Eamlumnow as the Chief Executive Officer (CEO), effective from December 24, 2024 onwards. Mr. Peeraphong Eamlumnow will continue to perform duties as a Director of the Company,Nominations Remuneration and Corporate Governance Committee Member, Risk Management and Sustainable Development Committee Member, and Executive Committee Member. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.10 (up from ฿0 in 2Q 2023). Revenue: ฿288.5m (up 131% from 2Q 2023). Net income: ฿62.6m (up ฿62.6m from 2Q 2023). Profit margin: 22% (up from 0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 12
Dividend increased to ฿0.10 Dividend of ฿0.10 is 54% higher than last year. Ex-date: 26th August 2024 Payment date: 6th September 2024 Dividend yield will be 9.5%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (136% earnings payout ratio). However, it is well covered by cash flows (47% 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 grow by 51% to bring the payout ratio under control. However, EPS has declined by 15% over the last 5 years so the company would need to reverse this trend. Annonce • Aug 10
Grand Prix International Public Company Limited Announces Dividend for the Operating Period from 1 January 2024 to 30 June 2024, Payable on 6 September 2024 Grand Prix International Public Company Limited announced cash dividend payment of THB 0.10 per share for the operating period from 01 January 2024 to 30 June 2024, payable on 06 September 2024. Record date for the right to receive dividends is 27 August 2024 and Ex-dividend date is 26 August 2024. Date of Board resolution is 09 August 2024. New Risk • Jun 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.2% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (136% payout ratio). Profit margins are more than 30% lower than last year (9.2% net profit margin). Market cap is less than US$100m (฿996.0m market cap, or US$27.3m). Upcoming Dividend • Mar 29
Upcoming dividend of ฿0.055 per share Eligible shareholders must have bought the stock before 05 April 2024. Payment date: 26 April 2024. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 20
Full year 2023 earnings released: EPS: ฿0.13 (vs ฿0.062 in FY 2022) Full year 2023 results: EPS: ฿0.13 (up from ฿0.062 in FY 2022). Revenue: ฿627.7m (up 8.9% from FY 2022). Net income: ฿79.1m (up 113% from FY 2022). Profit margin: 13% (up from 6.5% 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 27% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Feb 18
Dividend of ฿0.05 announced Shareholders will receive a dividend of ฿0.05. Ex-date: 5th April 2024 Payment date: 26th April 2024 Dividend yield will be 6.3%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (139% 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 1.5% to shift the payout ratio to a potentially unsustainable range, which is less than the 15% EPS decline seen over the last 5 years. Annonce • Feb 17
Grand Prix International Public Company Limited, Annual General Meeting, Apr 01, 2024 Grand Prix International Public Company Limited, Annual General Meeting, Apr 01, 2024, at 13:30 SE Asia Standard Time. Location: Room Jupiter 4- 6, Impact Muang Thong Thani, no. 47/5699-576, Popular 3 Road Banmai Sub-district, Pak Kret District Nonthaburi Thailand Agenda: To certify the minutes of the Annual General Shareholders' Meeting 2023; to acknowledge the Company's Business Operation results for the year 2023; to approve the Financial Statements of the Company for the fiscal year ended December 31, 2023; to acknowledge an interim dividend payment and approve the omission of additional dividend payment for the year 2023; to approve the re- election of directors to replace those who will retire by rotation for the year 2024; to approve the appointment of the auditors and the determination of the audit fees for the year 2024; and to consider any other matters. Annonce • Feb 16
Grand Prix International Public Company Limited Proposes Dividend, Payable on April 26, 2024 Grand Prix International Public Company Limited at its board meeting held on February 16, 2024, approved to propose that the Annual General Meeting of Shareholders for the year 2024 to approve the allocation of retained earnings to 600,000,000 ordinary shares at the rate of 0. 055 THB per share, totaling 33,000,000 THB. Determine the list of shareholders entitled to receive dividends (Record Date) on April 9, 2024, which is scheduled to pay dividends on April 26, 2024. All dividends should be with-holding tax as required by law. In order, to acknowledge the interim dividend payment. According to the resolution of the Board of Directors Meeting No. 4/2023 on August 7, 2023, approved the payment of interim dividends from the Company's operating results for the six months from January - June at the rate of 0.065 THB per share, totaling 39,000,000 THB, which has already paid dividends to the shareholders on September 8, 2023. Reported Earnings • Nov 17
Third quarter 2023 earnings released: ฿0.071 loss per share (vs ฿0.058 loss in 3Q 2022) Third quarter 2023 results: ฿0.071 loss per share (further deteriorated from ฿0.058 loss in 3Q 2022). Revenue: ฿19.5m (down 36% from 3Q 2022). Net loss: ฿42.7m (loss widened 22% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 16
Upcoming dividend of ฿0.065 per share at 6.4% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 08 September 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 6.4%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0 (vs ฿0.009 in 2Q 2022) Second quarter 2023 results: EPS: ฿0 (down from ฿0.009 in 2Q 2022). Revenue: ฿124.9m (up 1.4% from 2Q 2022). Net income: ฿24.5k (down 100% from 2Q 2022). Profit margin: 0% (down from 4.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • Aug 08
Grand Prix International Public Company Limited Announces Cash Dividend Payment for Operating Period from 1 January 2023 to 30 June 2023, Payable on 8 September 2023 Grand Prix International Public Company Limited announced cash dividend payment of THB 0.065 per share for operating period from 1 January 2023 to 30 June 2023. Record date for the right to receive dividends: 24 August 2023. Ex-dividend date: 23 August 2023. Payment date: 08 September 2023. Upcoming Dividend • Mar 31
Upcoming dividend of ฿0.04 per share at 5.1% yield Eligible shareholders must have bought the stock before 07 April 2023. Payment date: 27 April 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (1.5%). Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Surapan Poomkaew was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 16
Upcoming dividend of ฿0.05 per share Eligible shareholders must have bought the stock before 23 August 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: ฿0.009 (vs ฿0.028 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.009 (down from ฿0.028 in 2Q 2021). Revenue: ฿123.2m (flat on 2Q 2021). Net income: ฿5.63m (down 67% from 2Q 2021). Profit margin: 4.6% (down from 14% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • Aug 10
Grand Prix International Public Company Limited Announces Interim Dividend Payable on 8 September, 2022 Grand Prix International Public Company Limited announced Interim dividend of THB 0.05 per share from 01 January 2022 to 30 June 2022. Payment date is 8 September, 2022, ex-dividend date is 23, August, 2022 and record date for the right to receive dividends is 24, August, 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Surapan Poomkaew was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 31
Upcoming dividend of ฿0.03 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 27 April 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 25
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿0.051 (down from ฿0.057 in FY 2020). Revenue: ฿497.5m (down 2.3% from FY 2020). Net income: ฿30.8m (down 9.7% from FY 2020). Profit margin: 6.2% (down from 6.7% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Annonce • Feb 25
Grand Prix International Public Company Limited, Annual General Meeting, Mar 31, 2022 Grand Prix International Public Company Limited, Annual General Meeting, Mar 31, 2022, at 06:30 Coordinated Universal Time. Location: Room Jupiter 4-6, Impact Muang Thong Thani, located at no.47/5699-576, Popular 3 Road, Banmai Sub-district, Pak Kret District Nonthaburi Thailand Agenda: To consider and approve the minutes of the 2021 Annual General Meeting of Shareholders; to acknowledge the Company's business operation results for the year 2021; to approve the financial statement of the company for year 2021; to acknowledge an interim dividend payment and approve the omission of additional dividend payment for the year 2021; to consider and approve the re-election of directors in place of those retiring by rotation; to consider and approve the appointment of the Company's Auditor and fix the audit fee for 2022; to approve the remuneration of the Board of Directors and the subcommittees for the year 2022; and to discuss other matters. Reported Earnings • Nov 18
Third quarter 2021 earnings released: ฿0.065 loss per share (vs ฿0.30 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ฿27.0m (down 94% from 3Q 2020). Net loss: ฿38.7m (down 121% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 17% share price gain to ฿2.40, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 29x in the Media industry in Thailand. Total returns to shareholders of 24% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.028 (vs ฿0.088 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿124.0m (up ฿109.4m from 2Q 2020). Net income: ฿16.9m (up ฿69.6m from 2Q 2020). Profit margin: 14% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year and the company’s share price has also fallen by 13% per year. Upcoming Dividend • Aug 18
Upcoming dividend of ฿0.03 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 10 September 2021. Trailing yield: 4.4%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ฿1.67, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 25x in the Media industry in Thailand. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 27% share price gain to ฿2.42, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 25x in the Media industry in Thailand. Negligible returns to shareholders over past three years. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.16 (vs ฿0.10 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿324.1m (up ฿297.1m from 1Q 2020). Net income: ฿98.3m (up ฿159.9m from 1Q 2020). Profit margin: 30% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. 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 17% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 31
Upcoming dividend of ฿0.05 per share Eligible shareholders must have bought the stock before 07 April 2021. Payment date: 27 April 2021. Trailing yield: 4.3%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 16% share price gain to ฿1.96, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 28x in the Media industry in Thailand. Total loss to shareholders of 25% over the past three years. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS ฿0.057 (vs ฿0.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿509.4m (down 29% from FY 2019). Net income: ฿34.1m (down 67% from FY 2019). Profit margin: 6.7% (down from 14% 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 70% 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. Annonce • Feb 20
Grand Prix International Public Company Limited, Annual General Meeting, Mar 31, 2021 Grand Prix International Public Company Limited, Annual General Meeting, Mar 31, 2021, at 06:30 Coordinated Universal Time. Location: Room Jupiter 4-6, Impact Muang Thong Thani, located at no. 47/5699-576 Popular 3 Road, Banmai Sub-district, Pak Kret District Nonthaburi Thailand Agenda: To certify the minutes of the Annual General Shareholders' Meeting 2020; to acknowledge the Company's business operation results for the year 2020; to approve the financial statements of the Company for the fiscal year ended December 31, 2020; to acknowledge an interim dividend payment and approve the omission of additional dividend payment for the year 2020; to approve the re-election of directors to replace those who will retire by rotation for the year 2021; to approve the remuneration of the Board of Directors and the subcommittees for the year 2021; to approve the appointment of the auditors and the determination of the audit fees for the year 2020; and to consider other matters (if any). Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 16% share price gain to ฿1.63, the stock is trading at a trailing P/E ratio of 40.2x, up from the previous P/E ratio of 34.8x. This compares to an average P/E of 18x in the Media industry in Thailand. Total return to shareholders over the past three years is a loss of 36%. Is New 90 Day High Low • Feb 17
New 90-day high: ฿1.63 The company is up 17% from its price of ฿1.39 on 19 November 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ฿1.47 The company is up 3.0% from its price of ฿1.43 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 16% over the same period. Upcoming Dividend • Nov 18
Upcoming Dividend of ฿0.03 Per Share Will be paid on the 9th of December to those who are registered shareholders by the 25th of November. The trailing yield of 13% is in the top quartile of Thai dividend payers (6.7%), and it is higher than industry peers (1.8%). Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ฿0.30 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿433.6m (up ฿399.9m from 3Q 2019). Net income: ฿183.1m (up ฿220.4m from 3Q 2019). Profit margin: 42% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Annonce • Nov 12
Grand Prix International Public Company Limited Appoints Kitkallaya Somroumrom as a Company Secretary Grand Prix International Public Company Limited approved the appointment of Ms. Kitkallaya Somroumrom as a Company Secretary which will be effective on October 1, 2020 onward in its board meeting held on November 11, 2020. Is New 90 Day High Low • Nov 11
New 90-day low: ฿1.31 The company is down 8.0% from its price of ฿1.43 on 13 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: ฿1.32 The company is down 9.0% from its price of ฿1.45 on 17 July 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 5.0% over the same period. 
