Reported Earnings • May 17
First quarter 2026 earnings released: EPS: ฿0.05 (vs ฿0.052 in 1Q 2025) First quarter 2026 results: EPS: ฿0.05. Revenue: ฿735.8m (flat on 1Q 2025). Net income: ฿146.2m (flat on 1Q 2025). Profit margin: 20% (in line with 1Q 2025). Upcoming Dividend • Mar 03
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 10 March 2026. Payment date: 27 May 2026. The company last paid an ordinary dividend in April 2015. The average dividend yield among industry peers is 4.5%. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: ฿0.15 (vs ฿0.15 in FY 2024) Full year 2025 results: EPS: ฿0.15 (up from ฿0.15 in FY 2024). Revenue: ฿2.71b (up 5.8% from FY 2024). Net income: ฿429.8m (up 5.1% from FY 2024). Profit margin: 16% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿1.22, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 9x in the Real Estate industry in Thailand. Total loss to shareholders of 66% over the past three years. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: ฿0.03 (vs ฿0.044 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.03 (down from ฿0.044 in 3Q 2024). Revenue: ฿663.1m (flat on 3Q 2024). Net income: ฿95.1m (down 22% from 3Q 2024). Profit margin: 14% (down from 18% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿1.20, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 10x in the Real Estate industry in Thailand. Total loss to shareholders of 63% over the past three years. New Risk • Oct 07
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 6.6% 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (฿3.11b market cap, or US$95.8m). Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ฿1.28, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 11x in the Real Estate industry in Thailand. Total loss to shareholders of 60% over the past three years. New Risk • Aug 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.19b (US$98.2m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ฿0.03 (vs ฿0.026 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.03 (up from ฿0.026 in 2Q 2024). Revenue: ฿632.9m (up 5.3% from 2Q 2024). Net income: ฿81.2m (up 14% from 2Q 2024). Profit margin: 13% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jun 26
Now 20% overvalued Over the last 90 days, the stock has fallen 32% to ฿1.06. The fair value is estimated to be ฿0.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company has become profitable. New Risk • May 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.05b (US$92.9m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: ฿0.05 (vs ฿0.024 in 1Q 2024) First quarter 2025 results: EPS: ฿0.05 (up from ฿0.024 in 1Q 2024). Revenue: ฿732.7m (up 28% from 1Q 2024). Net income: ฿144.8m (up 111% from 1Q 2024). Profit margin: 20% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 21
Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.063 in FY 2023) Full year 2024 results: EPS: ฿0.15 (up from ฿0.063 in FY 2023). Revenue: ฿2.56b (up 38% from FY 2023). Net income: ฿409.0m (up 130% from FY 2023). Profit margin: 16% (up from 9.6% 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 111% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annonce • Feb 20
The Platinum Group Public Company Limited, Annual General Meeting, Apr 24, 2025 The Platinum Group Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.025 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.04 (up from ฿0.025 in 3Q 2023). Revenue: ฿665.7m (up 29% from 3Q 2023). Net income: ฿122.6m (up 74% from 3Q 2023). Profit margin: 18% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.012 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.03 (up from ฿0.012 in 2Q 2023). Revenue: ฿601.1m (up 36% from 2Q 2023). Net income: ฿71.4m (up 117% from 2Q 2023). Profit margin: 12% (up from 7.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ฿0.024 (vs ฿0.003 in 1Q 2023) First quarter 2024 results: EPS: ฿0.024 (up from ฿0.003 in 1Q 2023). Revenue: ฿574.6m (up 49% from 1Q 2023). Net income: ฿68.5m (up ฿59.7m from 1Q 2023). Profit margin: 12% (up from 2.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ฿2.44. The fair value is estimated to be ฿3.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Meanwhile, the company has become profitable. Annonce • Feb 23
The Platinum Group Public Company Limited, Annual General Meeting, Apr 19, 2024 The Platinum Group Public Company Limited, Annual General Meeting, Apr 19, 2024, at 14:00 SE Asia Standard Time. Agenda: To acknowledge the Company's 2023 operating results; T=To consider and approve the Company's statement of financial position and statement of comprehensive income for the fiscal year ended December 31, 2023 audited by the certified public accountant; To consider and approve the appointment of directors who are retired by rotation; and to consider other matter. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: ฿0.063 (vs ฿0.13 loss in FY 2022) Full year 2023 results: EPS: ฿0.063 (up from ฿0.13 loss in FY 2022). Revenue: ฿1.85b (up 105% from FY 2022). Net income: ฿177.6m (up ฿536.3m from FY 2022). Profit margin: 9.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Nov 15
The Platinum Group Public Company Limited Announces Executive Changes The Platinum Group Public Company Limited announced the termination of Mr. Nat Prachayakool as Vice President – Accounting of the company, with effect from November 14, 2023. The company appointed Mr. Suwit Wannasirisook as Executive Vice President, with effect from November 15, 2023. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ฿0.025 (vs ฿0.045 loss in 3Q 2022) Third quarter 2023 results: EPS: ฿0.025 (up from ฿0.045 loss in 3Q 2022). Revenue: ฿514.5m (up 90% from 3Q 2022). Net income: ฿70.5m (up ฿197.2m from 3Q 2022). Profit margin: 14% (up from net loss in 3Q 2022). The move to profitability was driven by higher 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 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: ฿0.012 (vs ฿0.029 loss in 2Q 2022) Second quarter 2023 results: EPS: ฿0.012 (up from ฿0.029 loss in 2Q 2022). Revenue: ฿442.9m (up 162% from 2Q 2022). Net income: ฿32.9m (up ฿114.6m from 2Q 2022). Profit margin: 7.4% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • Nov 16
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. No experienced directors. 8 highly experienced directors. Executive VP, First Senior VP & Director Suthita Chotjurangkool was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: ฿0.05 loss per share (vs ฿0.054 loss in 3Q 2021) Third quarter 2022 results: ฿0.05 loss per share (improved from ฿0.054 loss in 3Q 2021). Revenue: ฿271.1m (up 251% from 3Q 2021). Net loss: ฿126.7m (loss narrowed 17% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
Second quarter 2022 earnings released: ฿0.03 loss per share (vs ฿0.048 loss in 2Q 2021) Second quarter 2022 results: ฿0.03 loss per share (up from ฿0.048 loss in 2Q 2021). Revenue: ฿169.1m (up 64% from 2Q 2021). Net loss: ฿81.7m (loss narrowed 40% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: ฿0.05 loss per share. Revenue: ฿107.9m (down 24% from 1Q 2021). Net loss: ฿135.2m (flat on 1Q 2021). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) were also behind analyst expectations. Board Change • Apr 27
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. 8 experienced directors. No highly experienced directors. Executive VP, First Senior VP & Director Suthita Chotjurangkool was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 09
The Platinum Group Public Company Limited Announces Executive Changes The Platinum Group Public Company Limited announced the termination of Mr. Surawee Supawan as Accounting Manager with effect from April 7, 2022 and appointed Mr. Nat Prachayakool as Vice President - Accounting of the company, with effect from April 7, 2022. Annonce • Mar 04
The Platinum Group Public Company Limited, Annual General Meeting, Apr 29, 2022 The Platinum Group Public Company Limited, Annual General Meeting, Apr 29, 2022, at 14:00 SE Asia Standard Time. Annonce • Mar 03
The Platinum Group Public Company Limited Announces Resignation of Sumas Wongsunopparat as Chief Financial Officer The Platinum Group Public Company Limited announced resignation of Dr. Sumas Wongsunopparat as Chief Financial Officer, effective February 28, 2022. Reported Earnings • Mar 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: ฿0.18 loss per share (down from ฿0.089 loss in FY 2020). Revenue: ฿443.3m (down 52% from FY 2020). Net loss: ฿505.6m (loss widened 102% from FY 2020). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Annonce • Mar 01
The Platinum Group Public Company Limited Appoints Suphawan Tantivuthipakorn as Company Secretary The Platinum Group Public Company Limited announced that the Board of Directors No.1/2022 held on February 28, 2022 has resolved to appoint Ms. Suphawan Tantivuthipakorn as Company Secretary, effective from February 28, 2022 onwards. Board Change • Dec 06
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. 8 experienced directors. No highly experienced directors. First Senior VP & Director Suthita Chotjurangkool was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2021 earnings released: ฿0.054 loss per share (vs ฿0.036 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ฿77.3m (down 50% from 3Q 2020). Net loss: ฿152.4m (loss widened 53% from 3Q 2020). 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. Reported Earnings • Aug 13
Second quarter 2021 earnings released: ฿0.05 loss per share (vs ฿0.021 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: ฿102.9m (down 46% from 2Q 2020). Net loss: ฿135.1m (loss widened 135% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Reported Earnings • May 13
First quarter 2021 earnings released: ฿0.05 loss per share (vs ฿0.009 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ฿141.1m (down 69% from 1Q 2020). Net loss: ฿136.4m (down ฿162.7m from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Annonce • May 01
The Platinum Group Public Company Limited Omits Dividend Payment for the 2020 The Platinum Group Public Company Limited approved the omission of dividend payment and the omission of the allocation of profit as legal reserve from the Company's 2020 operating results. Is New 90 Day High Low • Mar 10
New 90-day high: ฿3.24 The company is up 20% from its price of ฿2.70 on 09 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 3.0% over the same period. Reported Earnings • Feb 27
Full year 2020 earnings released: ฿0.09 loss per share (vs ฿0.26 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿922.4m (down 62% from FY 2019). Net loss: ฿249.7m (down 135% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Annonce • Feb 26
The Platinum Group Public Company Limited, Annual General Meeting, Apr 30, 2021 The Platinum Group Public Company Limited, Annual General Meeting, Apr 30, 2021, at 07:00 Coordinated Universal Time. Agenda: To consider adopting the minutes of the 2020 annual general meeting of shareholders; to acknowledge the company's 2020 operating results; to consider and approve the company's statement of financial position and statement of comprehensive income for the fiscal year ended December 31, 2020 audited by the certified public accountant; to consider and approve the omission of dividend payment and the omission of the allocation of profit as legal reserve from the company's 2020 operating results; to consider and approve the appointment of directors who are retired by rotation; to consider and approve the director remuneration for the year 2021; to consider and approve the appointment of auditor(s) and audit fee for the year 2021; and to consider other matters. Is New 90 Day High Low • Feb 09
New 90-day high: ฿3.12 The company is up 37% from its price of ฿2.28 on 11 November 2020. The Thai market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 10.0% over the same period. Annonce • Jan 06
The Platinum Group Public Company Limited Announces Resignation of Kanokporn Sanawatana as Chief Financial Officer The Platinum Group Public Company Limited announced resignation of Mrs. Kanokporn Sanawatana as Chief Financial Officer, effective date of termination is January 1, 2021. Annonce • Jan 05
The Platinum Group Public Company Limited Announces Resignation of Kanokporn Sanawatana as Executive Vice President Finance, Accounting & Legal The Platinum Group Public Company Limited announced resignation of Mrs. Kanokporn Sanawatana as Executive Vice President Finance, Accounting & Legal, effective date of termination is January 1, 2021. Is New 90 Day High Low • Dec 09
New 90-day high: ฿2.70 The company is up 10.0% from its price of ฿2.46 on 10 September 2020. The Thai market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 17% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: ฿0.036 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿156.1m (down 74% from 3Q 2019). Net loss: ฿99.5m (down 164% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 19
New 90-day low: ฿2.04 The company is down 24% from its price of ฿2.70 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 10.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day low: ฿2.22 The company is down 29% from its price of ฿3.12 on 03 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 11% over the same period. Annonce • Sep 21
The Platinum Group Public Company Limited(SET:PLAT) dropped from S&P Global BMI Index The Platinum Group Public Company Limited(SET:PLAT) dropped from S&P Global BMI Index Annonce • Aug 12
The Platinum Group Public Company Limited Announces Executive Changes, with Effect from September 1, 2020 The Platinum Group Public Company Limited informed that the Board of Directors' Meeting No. 4/2020 on August 11, 2020 acknowledged the resignation of Mrs. Kanyaratana Chok-oon-kit from the position of Executive Director and President. Meanwhile, the Meeting passed a resolution to appoint Mr. Surachai Chotjurangkool, Vice Chairman and Chairman of the Executive Committee, as Acting President for another position with effect from September 1, 2020 onwards. 
