Board Change • Mar 30
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. 6 experienced directors. 3 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Aswin Kongsiri was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Mar 03
OHTL Public Company Limited Announces Termination of Aswin Kongsiri as Independent Director and Chairman of the Audit Committee, Effective 28 April 2026 OHTL Public Company Limited announced the termination of Mr. Aswin Kongsiri as Independent Director and Chairman of the Audit Committee, Effective 28 April 2026. Terminate Reason: Non-renewal of term (term expired). Reason: Not seeking another term. Annuncio • Jan 29
OHTL Public Company Limited, Annual General Meeting, Apr 28, 2026 OHTL Public Company Limited, Annual General Meeting, Apr 28, 2026, at 10:00 SE Asia Standard Time. Board Change • Dec 30
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. 6 experienced directors. 3 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Aswin Kongsiri was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 15
Third quarter 2025 earnings released: ฿1.72 loss per share (vs ฿3.78 profit in 3Q 2024) Third quarter 2025 results: ฿1.72 loss per share (down from ฿3.78 profit in 3Q 2024). Revenue: ฿477.7m (down 23% from 3Q 2024). Net loss: ฿26.0m (down 146% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Nov 14
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. 6 experienced directors. 3 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Aswin Kongsiri was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ฿350, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 22x in the Hospitality industry in Thailand. Total loss to shareholders of 16% over the past three years. Reported Earnings • Jul 30
Second quarter 2025 earnings released: ฿1.44 loss per share (vs ฿2.37 profit in 2Q 2024) Second quarter 2025 results: ฿1.44 loss per share (down from ฿2.37 profit in 2Q 2024). Revenue: ฿432.0m (down 18% from 2Q 2024). Net loss: ฿21.7m (down 161% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: ฿12.84 (vs ฿10.80 in 1Q 2024) First quarter 2025 results: EPS: ฿12.84 (up from ฿10.80 in 1Q 2024). Revenue: ฿788.4m (up 2.1% from 1Q 2024). Net income: ฿193.9m (up 19% from 1Q 2024). Profit margin: 25% (up from 21% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: ฿27.82 (vs ฿18.38 in FY 2023) Full year 2024 results: EPS: ฿27.82 (up from ฿18.38 in FY 2023). Revenue: ฿2.70b (up 7.3% from FY 2023). Net income: ฿420.0m (up 51% from FY 2023). Profit margin: 16% (up from 11% 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 95% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ฿314. The fair value is estimated to be ฿403, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Meanwhile, the company has become profitable. Annuncio • Jan 29
OHTL Public Company Limited, Annual General Meeting, Apr 25, 2025 OHTL Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time. New Risk • Jan 04
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 6.1% 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 High level of debt (71% net debt to equity). Share price has been volatile over the past 3 months (6.1% average weekly change). Buy Or Sell Opportunity • Jan 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.8% to ฿330. The fair value is estimated to be ฿418, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Nov 28
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 6.5% 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 High level of debt (71% net debt to equity). Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ฿3.78 (vs ฿1.07 in 3Q 2023) Third quarter 2024 results: EPS: ฿3.78 (up from ฿1.07 in 3Q 2023). Revenue: ฿620.7m (up 8.1% from 3Q 2023). Net income: ฿57.1m (up 252% from 3Q 2023). Profit margin: 9.2% (up from 2.8% 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 101% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Sep 24
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 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk High level of debt (80% net debt to equity). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ฿2.37 (vs ฿2.27 in 2Q 2023) Second quarter 2024 results: EPS: ฿2.37 (up from ฿2.27 in 2Q 2023). Revenue: ฿524.9m (down 3.8% from 2Q 2023). Net income: ฿35.8m (up 4.7% from 2Q 2023). Profit margin: 6.8% (up from 6.3% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿434, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 23x in the Hospitality industry in Thailand. Total returns to shareholders of 30% over the past three years. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: ฿10.80 (vs ฿8.46 in 1Q 2023) First quarter 2024 results: EPS: ฿10.80 (up from ฿8.46 in 1Q 2023). Revenue: ฿772.0m (up 12% from 1Q 2023). Net income: ฿163.1m (up 28% from 1Q 2023). Profit margin: 21% (up from 19% 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 99% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: ฿18.38 (vs ฿5.84 in FY 2022) Full year 2023 results: EPS: ฿18.38 (up from ฿5.84 in FY 2022). Revenue: ฿2.52b (up 31% from FY 2022). Net income: ฿277.4m (up 215% from FY 2022). Profit margin: 11% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annuncio • Jan 30
OHTL Public Company Limited, Annual General Meeting, Apr 25, 2024 OHTL Public Company Limited, Annual General Meeting, Apr 25, 2024, at 03:00 Coordinated Universal Time. Location: No. 48 Soi Burapa, Charoenkrung Road, Bangrak sub-district, Bangrak district Bangkok Thailand Agenda: To consider and affirm the Minutes of 2023 Annual General Meeting of Shareholders which was held on 24 April 2023; to acknowledge the report of the Company's results of operations as of 2023; to consider and approve the Company's Financial Statements as at 31 December 2023; to consider and approve the declaration of no dividend payment for the year 2023; to consider election of directors to replace the retiring directors; and to consider and approve other business matters. Board Change • Dec 13
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Sirichai Sombutsiri was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: ฿1.07 (vs ฿0.53 loss in 3Q 2022) Third quarter 2023 results: EPS: ฿1.07 (up from ฿0.53 loss in 3Q 2022). Revenue: ฿573.9m (up 20% from 3Q 2022). Net income: ฿16.2m (up ฿24.2m from 3Q 2022). Profit margin: 2.8% (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 78% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 02
Ohtl Public Company Limited Announces Appointment of Laurent Kleitman as Director Mandarin Oriental International Limited advised that Laurent Kleitman, Director of the Company, has been appointed as a director of OHTL Public Company Limited, a publicly quoted company, with effect from 1st September 2023. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ฿2.27 (vs ฿3.85 loss in 2Q 2022) Second quarter 2023 results: EPS: ฿2.27 (up from ฿3.85 loss in 2Q 2022). Revenue: ฿545.7m (up 63% from 2Q 2022). Net income: ฿34.2m (up ฿92.4m from 2Q 2022). Profit margin: 6.3% (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 increased by 60% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 01
OHTL Public Company Limited Announces Director Changes OHTL Public Company Limited announced at the board meeting held on July 31, 2023, approved resignation of Mr. Peter James Holland Riley from his directorship as a Director of OHTL Public Company Limited with effect from close of business on 31 July 2023. The Board of Directors has appointed Mr. Laurent Jacques Marcel Kleitman as a Director of the Company to replace Mr. Peter James Holland Riley with effect from 1 September 2023 onwards. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿8.46 (vs ฿7.44 loss in 1Q 2022) First quarter 2023 results: EPS: ฿8.46 (up from ฿7.44 loss in 1Q 2022). Revenue: ฿686.6m (up 172% from 1Q 2022). Net income: ฿127.8m (up ฿240.0m from 1Q 2022). Profit margin: 19% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Sirichai Sombutsiri was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
Second quarter 2022 earnings released: ฿3.85 loss per share (vs ฿11.11 loss in 2Q 2021) Second quarter 2022 results: ฿3.85 loss per share (up from ฿11.11 loss in 2Q 2021). Revenue: ฿335.4m (up 299% from 2Q 2021). Net loss: ฿58.2m (loss narrowed 65% from 2Q 2021). 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 9% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2022 earnings released: ฿7.43 loss per share (vs ฿10.30 loss in 1Q 2021) First quarter 2022 results: ฿7.43 loss per share (up from ฿10.30 loss in 1Q 2021). Revenue: ฿252.3m (up 67% from 1Q 2021). Net loss: ฿112.3m (loss narrowed 28% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 51% 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. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Sirichai Sombutsiri was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿41.11 loss per share (down from ฿31.80 loss in FY 2020). Revenue: ฿562.0m (down 39% from FY 2020). Net loss: ฿620.6m (loss widened 29% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Third quarter 2021 earnings released: ฿11.54 loss per share (vs ฿9.96 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: ฿106.5m (down 49% from 3Q 2020). Net loss: ฿174.2m (loss widened 16% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: ฿11.11 loss per share (vs ฿12.29 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿84.1m (up 194% from 2Q 2020). Net loss: ฿167.7m (loss narrowed 9.6% from 2Q 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. Board Change • Aug 03
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Sirichai Sombutsiri was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 20
First quarter 2021 earnings released: ฿10.30 loss per share (vs ฿3.22 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: ฿150.7m (down 62% from 1Q 2020). Net loss: ฿155.5m (loss widened 220% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 02
Full year 2020 earnings released: ฿31.80 loss per share (vs ฿24.57 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ฿913.7m (down 30% from FY 2019). Net loss: ฿480.1m (loss widened 29% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 14
Third quarter 2020 earnings released: ฿9.96 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: ฿210.2m (down 7.0% from 3Q 2019). Net loss: ฿150.3m (loss narrowed 5.9% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 106% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 18
New 90-day low: ฿318 The company is down 31% from its price of ฿464 on 19 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 8.0% over the same period. 
