Upcoming Dividend • Apr 03
Upcoming dividend of ฿0.04 per share Eligible shareholders must have bought the stock before 10 April 2026. Payment date: 08 May 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (7.4%). Lower than average of industry peers (4.0%). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿1.02, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 10x in the Packaging industry in Thailand. Total loss to shareholders of 53% over the past three years. Buy Or Sell Opportunity • Mar 03
Now 21% undervalued Over the last 90 days, the stock has risen 3.5% to ฿0.89. The fair value is estimated to be ฿1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last 3 years. Earnings per share has declined by 34%. Declared Dividend • Feb 28
Dividend of ฿0.04 announced Dividend of ฿0.04 is the same as last year. Ex-date: 10th April 2026 Payment date: 8th May 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it covered by cash flows (351% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. However, EPS has declined by 25% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: ฿0.029 (vs ฿0.043 in FY 2024) Full year 2025 results: EPS: ฿0.029 (down from ฿0.043 in FY 2024). Revenue: ฿455.9m (down 6.5% from FY 2024). Net income: ฿7.95m (down 32% from FY 2024). Profit margin: 1.7% (down from 2.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 30% per year. Annuncio • Feb 26
Thai Plastic Industrial (1994) Public Company Limited Proposes Dividend for the Year Ended December 31, 2025, Payable on May 8, 2026 Thai Plastic Industrial (1994) Public Company Limited at its AGM to be held on April 9, 2026 proposed to pay dividends for the operating results for the year ended December 31, 2025 and the unappropriated retained earnings as at December 31, 2025 to shareholders at the rate of THB 0.04 per share for 270,000,000 shares, totaling THB 10,800,000. In this regard, the entire dividend payment shall be subject to withholding tax at the rate prescribed by law. The Record Date for determining the names of shareholders entitled to receive the dividend (Record Date) is set for April 16, 2026, and the dividend payment date is set for May 8, 2026. Annuncio • Feb 25
Thai Plastic Industrial (1994) Public Company Limited, Annual General Meeting, Apr 09, 2026 Thai Plastic Industrial (1994) Public Company Limited, Annual General Meeting, Apr 09, 2026, at 10:00 SE Asia Standard Time. Location: at peridot 1 room, 3rd floor, grand richmond hotel, no. 282 rattanathibet road, bang kraso subdistrict, mueang nonthaburi district, nonthaburi province 11000, Thailand Board Change • Jan 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. 1 experienced director. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non Executive Chairman of the Board of Directors Montree Socatiyanurak was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jan 24
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 5.7% 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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Paying a dividend despite having no free cash flows. Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (฿243.0m market cap, or US$7.85m). Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: ฿0.008 (vs ฿0.008 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.008 (in line with 3Q 2024). Revenue: ฿112.4m (down 5.8% from 3Q 2024). Net income: ฿2.03m (down 2.3% from 3Q 2024). Profit margin: 1.8% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: ฿0.002 (vs ฿0.005 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.002 (down from ฿0.005 in 2Q 2024). Revenue: ฿110.9m (down 8.7% from 2Q 2024). Net income: ฿578.0k (down 58% from 2Q 2024). Profit margin: 0.5% (down from 1.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: ฿0.01 (vs ฿0.012 in 1Q 2024) First quarter 2025 results: EPS: ฿0.01 (down from ฿0.012 in 1Q 2024). Revenue: ฿117.6m (down 9.4% from 1Q 2024). Net income: ฿2.78m (down 12% from 1Q 2024). Profit margin: 2.4% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Board Change • Apr 12
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. 4 experienced directors. 7 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Pitipong Achamongkol was the last independent director to join the board, commencing their role in 2021. 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 • Apr 04
Upcoming dividend of ฿0.04 per share Eligible shareholders must have bought the stock before 11 April 2025. Payment date: 02 May 2025. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Thai dividend payers (7.7%). Lower than average of industry peers (5.0%). Declared Dividend • Feb 27
Dividend of ฿0.04 announced Dividend of ฿0.04 is the same as last year. Ex-date: 11th April 2025 Payment date: 2nd May 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is covered by cash flows (52% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. However, EPS has declined by 19% over the last 5 years so the company would need to reverse this trend. Annuncio • Feb 26
Thai Plastic Industrial (1994) Public Company Limited Proposes Cash Dividend Payment from Operating Period from 01 January 2024 to 31 December 2024, Payable on 02 May 2025 Thai Plastic Industrial (1994) Public Company Limited Board of Directors deemed it appropriate to propose the Annual General Meeting of Shareholders, to be held on 04 April 2025, to consider and approve dividend payment to the shareholders from the Company's operating results for the year 2024 at the rate of THB 0.04 per share, totaling THB 10,800,000. Record date for the right to receive dividends: 16 April 2025. Ex-dividend date: 11 April 2025. Par value: THB 0.50. Payment date: 02 May 2025. Paid from Operating period from 01 January 2024 to 31 December 2024. Payment for: Common shareholders. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: ฿0.043 (vs ฿0.047 in FY 2023) Full year 2024 results: EPS: ฿0.043 (down from ฿0.047 in FY 2023). Revenue: ฿493.3m (down 4.6% from FY 2023). Net income: ฿11.7m (down 7.2% from FY 2023). Profit margin: 2.4% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Annuncio • Feb 25
Thai Plastic Industrial (1994) Public Company Limited, Annual General Meeting, Apr 04, 2025 Thai Plastic Industrial (1994) Public Company Limited, Annual General Meeting, Apr 04, 2025, at 13:00 SE Asia Standard Time. Location: at alpaca ballroom, westgate residence hotel, address no. 8/8 bangmuang sub-district, bangyai, nonthaburi, 11140, Thailand Buy Or Sell Opportunity • Jan 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to ฿1.08. The fair value is estimated to be ฿1.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 43%. New Risk • Nov 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿337.5m (US$9.72m) This is considered a major 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (฿337.5m market cap, or US$9.72m). Minor Risks Dividend is not well covered by earnings (101% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿1.71, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 11x in the Packaging industry in Thailand. Total loss to shareholders of 44% over the past three years. Annuncio • Sep 05
Thai Plastic Industrial (1994) Public Company Limited Announces Chief Accounting Officer Changes Thai Plastic Industrial (1994) Public Company Limited announced termination of Miss Laongdown Yapong as Accounting Manager and Accountant, effective 02 September 2024 and appointed Miss Oranuth Chaiprasat as Accounting Manager and Accountant, effective 03 September 2024. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ฿1.48, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 11x in the Packaging industry in Thailand. Total loss to shareholders of 56% over the past three years. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: ฿0.005 (vs ฿0.004 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.005 (up from ฿0.004 in 2Q 2023). Revenue: ฿122.7m (down 4.3% from 2Q 2023). Net income: ฿1.37m (up 14% from 2Q 2023). Profit margin: 1.1% (up from 0.9% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 37% per year. Annuncio • Jul 01
Thai Plastic Industrial (1994) Public Company Limited Announces Changing of Chief Accountant Thai Plastic Industrial (1994) Public Company Limited announced appointment of Miss Laongdown Yapong as Chief Accountant. Position of Chief Accountant is Accounting Manager and Accountant. Effective Date of Appointment is July 1, 2024. The company also announced termination of Miss Soontree Panaboot as Chief Accountant. Position of Chief Accountant is Accounting Manager and Accountant. Effective Date of Termination is June 15, 2024. New Risk • Jun 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿351.0m (US$9.63m) This is considered a major 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (฿351.0m market cap, or US$9.63m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.5% net profit margin). Reported Earnings • May 11
First quarter 2024 earnings released: EPS: ฿0.012 (vs ฿0.012 in 1Q 2023) First quarter 2024 results: EPS: ฿0.012 (in line with 1Q 2023). Revenue: ฿130.4m (down 2.2% from 1Q 2023). Net income: ฿3.16m (flat on 1Q 2023). Profit margin: 2.4% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 05
Upcoming dividend of ฿0.04 per share Eligible shareholders must have bought the stock before 12 April 2024. Payment date: 03 May 2024. Payout ratio and cash payout ratio are on the higher end at 86% and 90% respectively. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (5.9%). In line with average of industry peers (2.7%). Board Change • Mar 01
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. 9 experienced directors. No highly experienced directors. Independent Director Pitipong Achamongkol was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: ฿0.047 (vs ฿0.11 in FY 2022) Full year 2023 results: EPS: ฿0.047 (down from ฿0.11 in FY 2022). Revenue: ฿520.3m (down 7.1% from FY 2022). Net income: ฿12.6m (down 57% from FY 2022). Profit margin: 2.4% (down from 5.3% 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 29% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Feb 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.7% to ฿1.77. The fair value is estimated to be ฿1.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has declined by 21%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿1.86, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 15x in the Packaging industry in Thailand. Total returns to shareholders of 33% over the past three years. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: ฿0.015 (vs ฿0.018 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.015 (down from ฿0.018 in 3Q 2022). Revenue: ฿130.3m (down 6.0% from 3Q 2022). Net income: ฿4.06m (down 16% from 3Q 2022). Profit margin: 3.1% (down from 3.5% 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 21% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annuncio • Sep 27
Thai Plastic Industrial (1994) Public Company Limited Approves the Corporate Governance and Sustainability Committee as New Sub-Committee and Appoint the Member of the Said Sub-Committee Thai Plastic Industrial (1994) Public Company Limited approved the Corporate Governance and Sustainability Committee (CGS) as new sub-committee and appoint the member of the said sub-committee. Chairman of the Corporate Governance and Sustainability Committee - Mr. Verasak Prommas; Corporate Governance and Sustainability Committee - Mr. Pitipong Achamongkol; Corporate Governance and Sustainability Committee - Mr. Nuttawut Punnasatian; Corporate Governance and Sustainability Committee - Mr. Apirat Teerarujinon. New Risk • Aug 18
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 6.3% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 190% Cash payout ratio: 238% Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (฿567.0m market cap, or US$16.0m). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ฿2.10, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 84% over the past three years. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0.037 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.004 (down from ฿0.037 in 2Q 2022). Revenue: ฿128.6m (down 10.0% from 2Q 2022). Net income: ฿1.20m (down 88% from 2Q 2022). Profit margin: 0.9% (down from 6.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: ฿0.012 (vs ฿0.037 in 1Q 2022) First quarter 2023 results: EPS: ฿0.012 (down from ฿0.037 in 1Q 2022). Revenue: ฿134.8m (down 4.3% from 1Q 2022). Net income: ฿3.19m (down 68% from 1Q 2022). Profit margin: 2.4% (down from 7.0% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿2.06, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 98% over the past three years. Upcoming Dividend • Apr 12
Upcoming dividend of ฿0.10 per share at 4.1% yield Eligible shareholders must have bought the stock before 19 April 2023. Payment date: 03 May 2023. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ฿2.16, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 173% over the past three years. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: ฿0.11 (vs ฿0.13 in FY 2021) Full year 2022 results: EPS: ฿0.11 (down from ฿0.13 in FY 2021). Revenue: ฿566.1m (up 12% from FY 2021). Net income: ฿29.6m (down 13% from FY 2021). Profit margin: 5.2% (down from 6.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: ฿0.018 (vs ฿0.016 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.018 (up from ฿0.016 in 3Q 2021). Revenue: ฿140.2m (up 22% from 3Q 2021). Net income: ฿4.81m (up 12% from 3Q 2021). Profit margin: 3.4% (down from 3.8% in 3Q 2021). The decrease in margin was driven by higher expenses. 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 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: ฿0.037 (vs ฿0.036 in 1Q 2021) First quarter 2022 results: EPS: ฿0.037 (up from ฿0.036 in 1Q 2021). Revenue: ฿142.5m (up 12% from 1Q 2021). Net income: ฿9.87m (flat on 1Q 2021). Profit margin: 6.9% (down from 7.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ฿3.08, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 14x in the Packaging industry in Thailand. Total returns to shareholders of 146% over the past three years. Upcoming Dividend • Apr 13
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 20 April 2022. Payment date: 06 May 2022. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 35% share price gain to ฿3.86, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 15x in the Packaging industry in Thailand. Total returns to shareholders of 200% over the past three years. Reported Earnings • Feb 22
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.13 (down from ฿0.13 in FY 2020). Revenue: ฿511.1m (up 8.8% from FY 2020). Net income: ฿33.9m (down 2.0% from FY 2020). Profit margin: 6.6% (down from 7.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS ฿0.016 (vs ฿0.031 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿115.6m (down 4.0% from 3Q 2020). Net income: ฿4.31m (down 48% from 3Q 2020). Profit margin: 3.7% (down from 6.9% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 19% share price gain to ฿5.30, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 312% over the past year. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 34% share price gain to ฿3.14, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 174% over the past year. Reported Earnings • May 12
First quarter 2021 earnings released: EPS ฿0.036 (vs ฿0.023 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿128.6m (up 18% from 1Q 2020). Net income: ฿9.84m (up 61% from 1Q 2020). Profit margin: 7.7% (up from 5.6% in 1Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 19% share price gain to ฿2.42, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 13x in the Packaging industry in Thailand. Total returns to shareholders of 119% over the past year. Upcoming Dividend • Apr 15
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 22 April 2021. Payment date: 07 May 2021. Trailing yield: 4.8%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (2.0%). Is New 90 Day High Low • Mar 11
New 90-day high: ฿1.75 The company is up 10.0% from its price of ฿1.59 on 09 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 5.0% over the same period. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS ฿0.13 (vs ฿0.12 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿473.9m (down 6.4% from FY 2019). Net income: ฿34.6m (up 3.9% from FY 2019). Profit margin: 7.3% (up from 6.6% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Jan 15
New 90-day high: ฿1.69 The company is up 2.0% from its price of ฿1.66 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 5.0% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS ฿0.031 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿121.4m (down 4.1% from 3Q 2019). Net income: ฿8.33m (down 6.2% from 3Q 2019). Profit margin: 6.9% (down from 7.0% in 3Q 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Oct 07
New 90-day high: ฿1.70 The company is up 21% from its price of ฿1.41 on 09 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 15% over the same period.