Annuncio • Apr 28
Millcon Steel Public Company Limited, Annual General Meeting, Jul 10, 2026 Millcon Steel Public Company Limited, Annual General Meeting, Jul 10, 2026, at 14:00 SE Asia Standard Time. Location: meeting venue at no. 9, 11, 13 soi bangkradi 32, bangkradi road, samae dam, bang khun thian, bangkok 10150, bangkok Thailand Annuncio • Oct 28
Millcon Steel Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 126.781147 million. Millcon Steel Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 126.781147 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,584,764,336
Price\Range: THB 0.08
Transaction Features: Rights Offering Annuncio • Oct 02
Millcon Steel Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 63.2 million. Millcon Steel Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 63.2 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 790,000,000
Price\Range: THB 0.08
Transaction Features: Subsequent Direct Listing Annuncio • Sep 17
Millcon Steel Public Company Limited announced that it expects to receive THB 632 million in funding from Industrielle Beteiligung (Thailand) Co.,Ltd. Millcon Steel Public Company Limited announced a private placement to issue 790,000,000 shares having a par value of THB 0.4 per share, at an issue price of THB 0.8 per share for aggregate gross proceeds of THB 632,000,000 on September 16, 2025. The transaction has been approved by the shareholders of the company and is expected to close between September 17, 2025, to September 24, 2025. The transaction will include participation from Industrielle Beteiligung (Thailand) Co.,Ltd for 430,000,000 and Vorapote Amnueypol for 360,000,000 shares. The total no of outstanding shares will increase from 7,926,203,850 shares to 8,716,203,850 shares. Annuncio • Apr 11
Millcon Steel Public Company Limited, Annual General Meeting, Apr 30, 2025 Millcon Steel Public Company Limited, Annual General Meeting, Apr 30, 2025, at 15:30 SE Asia Standard Time. Location: 29 floor thaniya plaza building silom road, suriyawonse, bangrak, bangkok 10500 Thailand Reported Earnings • May 17
First quarter 2024 earnings released: ฿0.11 loss per share (vs ฿0.001 profit in 1Q 2023) First quarter 2024 results: ฿0.11 loss per share (down from ฿0.001 profit in 1Q 2023). Revenue: ฿1.68b (down 53% from 1Q 2023). Net loss: ฿688.7m (down ฿693.4m from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance. New Risk • Apr 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.2% 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 (9.2% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (฿1.22b market cap, or US$33.2m). Annuncio • Mar 16
Millcon Steel Public Company Limited, Annual General Meeting, Apr 24, 2024 Millcon Steel Public Company Limited, Annual General Meeting, Apr 24, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider and acknowledge the Company's operation for the year 2023; to consider and approve the financial statements of the Company for the fiscal year ended 31 December 2023; to consider and approve the omission of the allocation of net profit as legal reserve and refrain dividend payment; to consider and approve the re-election of the directors who are due to retire by rotation; to consider and approve the director's remuneration for the year 2024; to consider and approve the appointment of auditor and determine the audit fee for the year 2024; to consider and approve the amendment of Clause 4 of the Company's Memorandum of association to be in line with the decrease of the Company's registered capital ;and to consider other matters. Reported Earnings • Mar 16
Full year 2023 earnings released: ฿0.17 loss per share (vs ฿0.03 profit in FY 2022) Full year 2023 results: ฿0.17 loss per share (down from ฿0.03 profit in FY 2022). Revenue: ฿19.1b (up 5.8% from FY 2022). Net loss: ฿940.9m (down ฿1.10b from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. New Risk • Feb 08
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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (฿2.20b market cap, or US$61.5m). Reported Earnings • Nov 21
Third quarter 2023 earnings released: ฿0.036 loss per share (vs ฿0.004 profit in 3Q 2022) Third quarter 2023 results: ฿0.036 loss per share (down from ฿0.004 profit in 3Q 2022). Revenue: ฿4.32b (up 2.1% from 3Q 2022). Net loss: ฿198.4m (down ฿219.2m from profit in 3Q 2022). 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 12% per year, which means it is significantly lagging earnings. Annuncio • Sep 29
Millcon Steel Public Company Limited announced that it has received THB 361.055237 million in funding On September 27, 2023, Millcon Steel Public Company Limited closed the transaction. New Risk • Sep 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.04x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (฿2.87b market cap, or US$78.5m). Annuncio • Sep 22
Millcon Steel Public Company Limited announced that it expects to receive THB 360.75 million in funding Millcon Steel Public Company Limited announced a private placement of 555,000,000 common shares at a price of THB 0.65 per share for the gross proceeds of THB 360,750,000 on September 20, 2023. The transaction will include participation from individual investors, Janya Sawangjit for 100,000,000 shares, Ratchanee Tripipatkul for 80,000,000 shares, Thongchai Tripipatkul for 80,000,000 shares, Somsri Charoensiriwat for 80,000,000 shares, Rattana Tripipatkul for 70,000,000 shares, Weerayut Charoensiriwat for 70,000,000 shares, Weeraphon Charoensiriwat for 70,000,000 shares, Phonthep Ruchirakan for 5,000,000 shares. The transaction is expected to close from September 25, 2023 to September 29, 2023. The transaction has been approved by the shareholders of the company in the annual general meeting of shareholders. Reported Earnings • Aug 17
Second quarter 2023 earnings released: ฿0.006 loss per share (vs ฿0.01 profit in 2Q 2022) Second quarter 2023 results: ฿0.006 loss per share (down from ฿0.01 profit in 2Q 2022). Revenue: ฿7.42b (up 53% from 2Q 2022). Net loss: ฿33.2m (down 164% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ฿0.001 (vs ฿0.022 in 1Q 2022) First quarter 2023 results: EPS: ฿0.001 (down from ฿0.022 in 1Q 2022). Revenue: ฿3.59b (down 30% from 1Q 2022). Net income: ฿4.78m (down 96% from 1Q 2022). Profit margin: 0.1% (down from 2.1% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: ฿0.004 (vs ฿0.044 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.004 (down from ฿0.044 in 3Q 2021). Revenue: ฿4.23b (up 77% from 3Q 2021). Net income: ฿20.8m (down 91% from 3Q 2021). Profit margin: 0.5% (down from 9.4% in 3Q 2021). 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 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Apichart Chirabandhu was the last independent director to join the board, commencing their role in 2014. 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 • Aug 18
Second quarter 2022 earnings released: EPS: ฿0.01 (vs ฿0.013 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.01 (down from ฿0.013 in 2Q 2021). Revenue: ฿4.85b (up 8.5% from 2Q 2021). Net income: ฿51.5m (down 20% from 2Q 2021). Profit margin: 1.1% (down from 1.4% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: ฿0.024 (up from ฿0.01 in 1Q 2021). Revenue: ฿5.14b (up 85% from 1Q 2021). Net income: ฿110.4m (up 103% from 1Q 2021). Profit margin: 2.1% (up from 2.0% in 1Q 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 43%. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 02
Upcoming dividend of ฿0.01 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (6.5%). Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. CEO, President & Director Pravit Horungruang was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Mar 31
Millcon Steel Public Company Limited, Annual General Meeting, Apr 28, 2022 Millcon Steel Public Company Limited, Annual General Meeting, Apr 28, 2022, at 14:00 SE Asia Standard Time. Location: No.52 Thaniya Plaza building 29th floors,Silom Road, Suriyawongse, Bangrak, Bangkok 10500 Bangkok Thailand Reported Earnings • Mar 04
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ฿0.08 (up from ฿0.072 loss in FY 2020). Revenue: ฿15.7b (up 36% from FY 2020). Net income: ฿376.4m (up ฿724.8m from FY 2020). Profit margin: 2.4% (up from net loss in FY 2020). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 43%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ฿0.058 (vs ฿0.001 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ฿2.49b (down 4.2% from 3Q 2020). Net income: ฿224.9m (up ฿227.6m from 3Q 2020). Profit margin: 9.0% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Executive Departure • Oct 01
Executive Director Sutthirat Leeswadtrakul has left the company On the 21st of September, Sutthirat Leeswadtrakul's tenure as Executive Director ended after 14.3 years in the role. As of June 2021, Sutthirat still personally held 4.00m shares (฿2.7m worth at the time). Sutthirat is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.67 years. Executive Departure • Sep 24
Executive Director Sutthirat Leeswadtrakul has left the company On the 21st of September, Sutthirat Leeswadtrakul's tenure as Executive Director ended after 14.3 years in the role. As of June 2021, Sutthirat still personally held 4.00m shares (฿2.7m worth at the time). Sutthirat is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.67 years. Reported Earnings • Aug 18
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿4.47b (up 68% from 2Q 2020). Net income: ฿64.5m (up ฿55.5m from 2Q 2020). Profit margin: 1.4% (up from 0.3% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ฿0.012 (vs ฿0.011 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿2.78b (down 26% from 1Q 2020). Net income: ฿54.5m (up 4.9% from 1Q 2020). Profit margin: 2.0% (up from 1.4% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 04
New 90-day high: ฿1.03 The company is up 43% from its price of ฿0.72 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 Metals and Mining industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ฿0.97 The company is up 37% from its price of ฿0.71 on 14 October 2020. The Thai market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 33% over the same period. Is New 90 Day High Low • Dec 25
New 90-day high: ฿0.96 The company is up 41% from its price of ฿0.68 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 Metals and Mining industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ฿0.74 The company is up 4.0% from its price of ฿0.71 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: ฿0.001 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿2.62b (down 33% from 3Q 2019). Net loss: ฿2.67m (down 122% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 22
New 90-day low: ฿0.66 The company is down 4.0% from its price of ฿0.69 on 24 July 2020. The Thai market is down 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 6.0% over the same period.