Reported Earnings • May 20
First quarter 2026 earnings released: EPS: ฿0.08 (vs ฿0.10 in 1Q 2025) First quarter 2026 results: EPS: ฿0.08 (down from ฿0.10 in 1Q 2025). Revenue: ฿602.5m (down 16% from 1Q 2025). Net income: ฿73.7m (down 21% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: ฿0.50 (vs ฿0.64 in FY 2024) Full year 2025 results: EPS: ฿0.50 (down from ฿0.64 in FY 2024). Revenue: ฿3.04b (down 17% from FY 2024). Net income: ฿462.3m (down 21% from FY 2024). Profit margin: 15% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 34% 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. Declared Dividend • Mar 01
Dividend of ฿0.16 announced Shareholders will receive a dividend of ฿0.16. Ex-date: 17th March 2026 Payment date: 22nd May 2026 Dividend yield will be 6.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 32% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years. Annonce • Feb 27
Lalin Property Public Company Limited, Annual General Meeting, Apr 29, 2026 Lalin Property Public Company Limited, Annual General Meeting, Apr 29, 2026, at 10:00 SE Asia Standard Time. Location: physical meeting, ratchaphruek room, grande centre, point ratchadamri hotel, ratchadamri road, bangkok Thailand Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.20 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.11 (down from ฿0.20 in 3Q 2024). Revenue: ฿704.0m (down 31% from 3Q 2024). Net income: ฿98.7m (down 46% from 3Q 2024). Profit margin: 14% (down from 18% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% 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. Declared Dividend • Aug 16
First half dividend reduced to ฿0.14 Dividend of ฿0.14 is 15% lower than last year. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 6.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 3.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 37% to shift the payout ratio to a potentially unsustainable range, which is more than the 13% EPS decline seen over the last 5 years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.14 (vs ฿0.16 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.14 (down from ฿0.16 in 2Q 2024). Revenue: ฿823.0m (down 11% from 2Q 2024). Net income: ฿128.7m (down 12% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.10 (vs ฿0.12 in 1Q 2024) First quarter 2025 results: EPS: ฿0.10 (down from ฿0.12 in 1Q 2024). Revenue: ฿721.2m (down 11% from 1Q 2024). Net income: ฿93.4m (down 13% from 1Q 2024). Profit margin: 13% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% 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 • Apr 30
Lalin Property Public Company Limited Approves Dividend for the Year 2024, Payable on May 16, 2025 Lalin Property Public Company Limited at its annual general meeting held on April 29, 2025, approved to pay the remaining dividend to shareholders at the rate of THB 0.175 per share for the year 2024. The record date to determine shareholders' names for the right to receive the Dividend will be on March 14, 2025. The dividend payment date will be on May 16, 2025. Buy Or Sell Opportunity • Apr 16
Now 20% overvalued Over the last 90 days, the stock has fallen 13% to ฿5.00. The fair value is estimated to be ฿4.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 31%. Declared Dividend • Mar 01
Final dividend of ฿0.17 announced Shareholders will receive a dividend of ฿0.17. Ex-date: 13th March 2025 Payment date: 16th May 2025 Dividend yield will be 6.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 33% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.0% EPS decline seen over the last 5 years. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: ฿0.64 (vs ฿0.90 in FY 2023) Full year 2024 results: EPS: ฿0.64 (down from ฿0.90 in FY 2023). Revenue: ฿3.67b (down 23% from FY 2023). Net income: ฿588.0m (down 30% from FY 2023). Profit margin: 16% (down from 18% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 17
First half dividend reduced to ฿0.17 Dividend of ฿0.17 is 39% lower than last year. Ex-date: 29th August 2024 Payment date: 13th September 2024 Dividend yield will be 6.9%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 60% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.6% EPS decline seen over the last 5 years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: ฿0.16 (vs ฿0.22 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.16 (down from ฿0.22 in 2Q 2023). Revenue: ฿921.0m (down 22% from 2Q 2023). Net income: ฿145.9m (down 30% from 2Q 2023). Profit margin: 16% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Annonce • Aug 16
Lalin Property Public Company Limited Announces Interim Cash Dividend Payment for the Period from 01 January 2024 to 30 June 2024, Payable on 13 September 2024 Lalin Property Public Company Limited announced Interim Cash dividend payment of THB 0.165 per share for the period from 01 January 2024 to 30 June 2024. Date of Board resolution is 14 August 2024. Record date for the right to receive dividends is 30 August 2024. Ex-dividend date is 29 August 2024. Payment date is 13 September 2024. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: ฿0.12 (vs ฿0.25 in 1Q 2023) First quarter 2024 results: EPS: ฿0.12 (down from ฿0.25 in 1Q 2023). Revenue: ฿805.6m (down 37% from 1Q 2023). Net income: ฿107.2m (down 54% from 1Q 2023). Profit margin: 13% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annonce • Apr 26
Lalin Property Public Company Limited Approves Dividend Payment for the Full Year Ended December 31, 2023, Payable on May 17, 2024 Lalin Property Public Company Limited at its Annual General Shareholder's Meeting held on April 24, 2024, approved the profit allocation from operation result of year ended December 31, 2023 at the rate of THB 0.52 per share or approx. THB 481.00 million. The company has already paid the interim dividend at the rate of THB 0.27 per share on September 8th, 2023 and will pay dividend for the remaining dividend to shareholders at the rate of THB 0.25 per share. The record date to determine shareholders' names for the right to receive the Dividend will be on March 15, 2024. The dividend payment date will be on May 17, 2024. Upcoming Dividend • Mar 07
Upcoming dividend of ฿0.25 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 6.6%. Within top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (4.5%). Declared Dividend • Mar 02
Final dividend of ฿0.25 announced Shareholders will receive a dividend of ฿0.25. Ex-date: 14th March 2024 Payment date: 17th May 2024 Dividend yield will be 6.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Mar 01
Lalin Property Public Company Limited, Annual General Meeting, Apr 24, 2024 Lalin Property Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Location: Pimarnman Room, Anantara Siam Hotel, Ratchadamri Road Bangkok Thailand Agenda: To consider and approve the minutes of the 2023 Annual General Shareholder's Meeting; to consider the company's 2023 operating performance and to adopt the financial statements for the year ended December 31, 2023 which have been audited and certified by the Auditor; to consider and approve the 2023 profit allocation in order to pay dividend to shareholders; to consider and nominate directors replace directors who shall retire by rotation; to consider and approve the remuneration of company's directors, Audit Committee, Nomination and remuneration committee, Risk management committee, and Corporate governance and sustainable development committee for the year 2024; to consider and nominate company's auditor and set the remuneration for the year 2024; to consider and approve the issuance and offering of debentures in an amount of not exceeding THB 8,000 million; and to consider other matters. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: ฿0.90 (vs ฿1.38 in FY 2022) Full year 2023 results: EPS: ฿0.90 (down from ฿1.38 in FY 2022). Revenue: ฿4.77b (down 23% from FY 2022). Net income: ฿834.3m (down 34% from FY 2022). Profit margin: 18% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% 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. Annonce • Feb 29
Lalin Property Public Company Limited Proposes Dividend Payment for the Full Year 2023, Payable on May 17, 2024 Lalin Property Public Company Limited approved and proposed to the Annual General Shareholder's Meeting for approval a full year 2023 dividend payment. Dividend for the year 2023 shall be paid at the rate of THB f 0.52 per share (totaling THB 481.00 Million) or 57.65% of the Net profit, of which THB 0.27 per share was paid as an interim dividend on September 8, 2023. The remaining dividend payment will be paid at the rate of THB 0.25 per share. The record date to determine shareholders' names for the right to receive the Dividend will be on March 15, 2024. The dividend payment date will be on May 17, 2024. (Provided that the right to receive the dividend is still uncertain as it subject To Approve the AGM). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.32 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.20 (down from ฿0.32 in 3Q 2022). Revenue: ฿1.14b (down 24% from 3Q 2022). Net income: ฿189.2m (down 37% from 3Q 2022). Profit margin: 17% (down from 20% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 21
Upcoming dividend of ฿0.27 per share at 7.3% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 7.3%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (4.0%). New Risk • Aug 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ฿0.22 (vs ฿0.37 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.22 (down from ฿0.37 in 2Q 2022). Revenue: ฿1.19b (down 27% from 2Q 2022). Net income: ฿207.1m (down 39% from 2Q 2022). Profit margin: 17% (down from 21% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ฿0.25 (vs ฿0.35 in 1Q 2022) First quarter 2023 results: EPS: ฿0.25 (down from ฿0.35 in 1Q 2022). Revenue: ฿1.28b (down 19% from 1Q 2022). Net income: ฿233.8m (down 29% from 1Q 2022). Profit margin: 18% (down from 21% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 08
Upcoming dividend of ฿0.34 per share at 7.0% yield Eligible shareholders must have bought the stock before 15 March 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 7.0%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (4.0%). Price Target Changed • Nov 30
Price target decreased to ฿11.45 Down from ฿12.40, the current price target is an average from 2 analysts. New target price is 31% above last closing price of ฿8.75. Stock is down 2.8% over the past year. The company is forecast to post earnings per share of ฿1.53 for next year compared to ฿1.50 last year. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: ฿0.32 (vs ฿0.37 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.32 (down from ฿0.37 in 3Q 2021). Revenue: ฿1.50b (down 7.5% from 3Q 2021). Net income: ฿299.7m (down 12% from 3Q 2021). Profit margin: 20% (in line with 3Q 2021). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. 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 not an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Satit Chanjavanakul was the last independent director to join the board, commencing their role in 2009. 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 22
Upcoming dividend of ฿0.30 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 43% and the cash payout ratio is 81%. Trailing yield: 6.9%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (3.2%). Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: ฿0.37 (vs ฿0.38 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.37 (down from ฿0.38 in 2Q 2021). Revenue: ฿1.63b (down 2.5% from 2Q 2021). Net income: ฿338.1m (down 3.9% from 2Q 2021). Profit margin: 21% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 21% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 19% per year. Annonce • Aug 16
Lalin Property Public Company Limited Announces Cash Dividend , for the Operating Period from January 1, 2022 to June 30, 2022. Payable on 9 September 2022 Lalin Property Public Company Limited announced cash dividend of THB 0.305 per share with par value of THB 1.00 for the operating period from January 1, 2022 to June 30, 2022. Payable on 9 September 2022, Record date is August 30, 2022 and Ex-dividend date is August 29, 2022. Price Target Changed • Jun 17
Price target decreased to ฿12.00 Down from ฿13.10, the current price target is an average from 2 analysts. New target price is 33% above last closing price of ฿9.00. Stock is down 10.0% over the past year. The company is forecast to post earnings per share of ฿1.60 for next year compared to ฿1.50 last year. Annonce • May 19
Lalin Property Public Company Limited Announces Dividend for 2021, Payable on 13 May 2022 Lalin Property Public Company Limited announced that On 27 April 2022, the Annual General Meeting of Shareholders for 2022 had been passed to approve the appropriation of profit for 2021 to pay dividend payment at THB 0.630 per share, totaling of THB 582.75 million, which the Company had already paid the interim dividend payment at THB 0.295 per share, totaling of THB 272.87 million on 10 September 2021, and will pay the final payment at THB 0.335 per share, totaling of THB 309.88 million, will be paid on 13 May 2022. Reported Earnings • May 19
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: ฿0.35 (up from ฿0.35 in 1Q 2021). Revenue: ฿1.58b (up 3.8% from 1Q 2021). Net income: ฿327.6m (up 2.5% from 1Q 2021). Profit margin: 21% (in line with 1Q 2021). Revenue exceeded analyst estimates by 9.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 10.0%, compared to a 18% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year. 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 not an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Satit Chanjavanakul was the last independent director to join the board, commencing their role in 2009. 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 08
Upcoming dividend of ฿0.34 per share Eligible shareholders must have bought the stock before 15 March 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of Thai dividend payers (5.3%). Higher than average of industry peers (3.2%). Annonce • Mar 01
Lalin Property Public Company Limited Proposes Dividend for the Year 2021, Payable on May 13, 2022 Lalin Property Public Company Limited Unanimously approved and proposed to the Annual General Shareholder's Meeting for approval a full year 2021 dividend payment. Dividend for the year 2021 shall be paid at the rate of THB 0.63 per share (totaling THB 582.75 Million) or 41.95% of the Net profit, of which THB 0.295 per share was paid as an interim dividend on September 10, 2021. The remaining dividend payment will be paid at the rate of THB 0.335 per share. The record date to determine shareholders' names for the right to receive the Dividend will be on March 16, 2022. The dividend payment date will be on May 13, 2022. Reported Earnings • Mar 01
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿1.50 (up from ฿1.44 in FY 2020). Revenue: ฿6.57b (up 14% from FY 2020). Net income: ฿1.39b (up 4.2% from FY 2020). Profit margin: 21% (down from 23% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 2.4%, compared to a 17% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 01
Lalin Property Public Company Limited, Annual General Meeting, Apr 27, 2022 Lalin Property Public Company Limited, Annual General Meeting, Apr 27, 2022, at 03:00 Coordinated Universal Time. Location: Sukhumvit Room, JW Marriott Hotel, Sukhumvit Soi 2 Bangkok Thailand Agenda: To consider and approve the minutes of the 2021 Annual General Shareholder's Meeting; to consider the company's 2021 operating performance and to adopt the financial statements for the year ended December 31, 2021 which have been audited and certified by the Auditor; to consider and approve the 2021 profit allocation in order to pay dividend to shareholders; to consider and nominate directors replace directors who shall retire by rotation; to consider and approve the remuneration of company's directors, Audit Committee, Nomination and remuneration committee, Risk management committee, and Corporate governance and sustainable development committee for the year 2022; to consider and nominate company's auditor and set the remuneration for the year 2022; and to consider other matters. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ฿0.37 (vs ฿0.33 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿1.62b (up 12% from 3Q 2020). Net income: ฿339.2m (up 10% from 3Q 2020). Profit margin: 21% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Price Target Changed • Sep 14
Price target increased to ฿12.45 Up from ฿11.05, the current price target is an average from 2 analysts. New target price is 33% above last closing price of ฿9.35. Stock is up 75% over the past year. Upcoming Dividend • Aug 20
Upcoming dividend of ฿0.29 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 10 September 2021. Trailing yield: 6.2%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (3.7%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.38 (vs ฿0.43 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: ฿1.67b (up 28% from 2Q 2020). Net income: ฿351.8m (down 11% from 2Q 2020). Profit margin: 21% (down from 30% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.27 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.52b (up 22% from 1Q 2020). Net income: ฿319.7m (up 29% from 1Q 2020). Profit margin: 21% (up from 20% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 21% per year. Upcoming Dividend • Mar 09
Upcoming Dividend of ฿0.36 Per Share Will be paid on the 14th of May to those who are registered shareholders by the 16th of March. The trailing yield of 6.2% is in the top quartile of Thai dividend payers (5.5%), and it is higher than industry peers (3.8%). Is New 90 Day High Low • Mar 04
New 90-day high: ฿9.25 The company is up 39% from its price of ฿6.65 on 04 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 Real Estate industry, which is up 1.0% over the same period. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue beats expectations Revenue exceeded analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 4.4%, compared to a 10% growth forecast for the Real Estate industry in Thailand. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS ฿1.44 (vs ฿0.96 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿5.75b (up 24% from FY 2019). Net income: ฿1.33b (up 50% from FY 2019). Profit margin: 23% (up from 19% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annonce • Feb 26
Lalin Property Public Company Limited, Annual General Meeting, Apr 28, 2021 Lalin Property Public Company Limited, Annual General Meeting, Apr 28, 2021, at 10:00 SE Asia Standard Time. Location: Pimarnman Room, Anantara Siam Bangkok Hotel Rajdamri Road Bangkok Thailand Agenda: To consider the company's 2020 operating performance and to adopt the financial statements for the year ended December 31, 2020 which have been audited and certified by the Auditor; to consider and approve the 2020 profit allocation in order to pay dividend and special dividend to shareholders; to consider and nominate directors replace directors who shall retire by rotation; to consider and nominate new director; to consider and approve the remuneration of company's directors, Audit Committee, Nomination and remuneration committee, Risk management committee, and Corporate governance and sustainable development committee for the year 2021; and to consider and nominate company's auditor and set the remuneration for the year 2021. Is New 90 Day High Low • Feb 08
New 90-day high: ฿8.10 The company is up 31% from its price of ฿6.20 on 10 November 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 25
New 90-day high: ฿8.00 The company is up 45% from its price of ฿5.50 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 Real Estate industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ฿6.80 The company is up 28% from its price of ฿5.30 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: ฿6.65 The company is up 23% from its price of ฿5.40 on 21 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 6.0% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ฿0.33 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.45b (up 19% from 3Q 2019). Net income: ฿307.9m (up 29% from 3Q 2019). Profit margin: 21% (up from 20% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 02
New 90-day high: ฿6.20 The company is up 35% from its price of ฿4.60 on 04 August 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 12% over the same period. 
