New Risk • Jun 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 49% per year over the past 5 years. Market cap is less than US$10m (฿16.9m market cap, or US$516.1k). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). お知らせ • Jan 16
M Vision Public Company Limited Announces Resignation of Dr. Preechawut Keesin as Independent Director, Effective January 15, 2026 M Vision Public Company Limited announced that Dr. Preechawut Keesin, who held the positions of Independent Director and Member of the Nomination and Remuneration Committee, has resigned from his directorship of the Company due to political commitments, which may impose limitations on his ability to fully perform his duties. The resignation is effective as of January 15, 2026. お知らせ • Dec 09
M Vision Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 227.650016 million. M Vision Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 227.650016 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 505,888,925
Price\Range: THB 0.45
Security Features: Attached Warrants
Transaction Features: Rights Offering お知らせ • Nov 29
M Vision Public Company Limited has withdrawn its Follow-on Equity Offering in the amount of THB 227.650017 million. M Vision Public Company Limited has withdrawn its Follow-on Equity Offering in the amount of THB 227.650017 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 505,888,926
Price\Range: THB 0.45
Transaction Features: Rights Offering お知らせ • Nov 27
M Vision Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 227.650017 million. M Vision Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 227.650017 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 505,888,926
Price\Range: THB 0.45
Transaction Features: Rights Offering お知らせ • Nov 26
M Vision Public Company Limited has withdrawn its Follow-on Equity Offering in the amount of THB 240 million. M Vision Public Company Limited has withdrawn its Follow-on Equity Offering in the amount of THB 240 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 800,000,000
Price\Range: THB 0.3
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 18
Third quarter 2025 earnings released: ฿0.19 loss per share (vs ฿0.064 loss in 3Q 2024) Third quarter 2025 results: ฿0.19 loss per share (further deteriorated from ฿0.064 loss in 3Q 2024). Revenue: ฿219.0m (up ฿190.1m from 3Q 2024). Net loss: ฿64.0m (loss widened 197% from 3Q 2024). 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 41% per year, which means it has not declined as severely as earnings. お知らせ • Aug 29
M Vision Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 240 million. M Vision Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 240 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 800,000,000
Price\Range: THB 0.3
Transaction Features: Subsequent Direct Listing Reported Earnings • Jul 29
First quarter 2025 earnings released: ฿0.12 loss per share (vs ฿0.014 profit in 1Q 2024) First quarter 2025 results: ฿0.12 loss per share (down from ฿0.014 profit in 1Q 2024). Revenue: ฿67.4m (down 30% from 1Q 2024). Net loss: ฿40.6m (down ฿45.0m from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 02
Full year 2024 earnings released: ฿0.19 loss per share (vs ฿0.89 loss in FY 2023) Full year 2024 results: ฿0.19 loss per share (improved from ฿0.89 loss in FY 2023). Revenue: ฿215.5m (down 34% from FY 2023). Net loss: ฿62.9m (loss narrowed 78% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. お知らせ • Feb 01
M Vision Public Company Limited Appoints Sanha Hemwanit as Independent Director and Audit Committee Member M Vision Public Company Limited informed the Board of Directors Meeting held on January 31, 2025. The meeting resolved to approve the appointment of Assoc. Prof. Dr. Sanha Hemwanit as an Independent Director and Audit Committee Member. His tenure will be for the remaining term of the resigned director, effective from January 31, 2025 onwards. お知らせ • Dec 19
M Vision Public Company Limited Announces Executive Changes M Vision Public Company Limited notified the significant resolutions of the Board of Directors Meeting held on December 19, 2024 as follows: 1. Acknowledged the resignation of Miss Apsorn Wilartsakdanon from being Director, Executive Director, Risk management committee member and Company Secretary, effective on December 19, 2024.2. Appointed 2.1 Mr. Nattakrit Thewphaingarm as Chairman of the Risk Management Committee 2.2 Miss Prapimpan Lertsirisin as Risk management committee member and Company Secretary 2.3 Appointed Mr. Preechavude Keesin as Independent Director effective from December 19, 2024, onward. お知らせ • Aug 20
M Vision Public Company Limited Announces CFO Changes M Vision Public Company Limited announced the termination of Miss APSORN WILARTSAKDANON as Chief Financial Officer, effective 14 August 2024. The company announced the appointment of Miss Prapimpan Lertsirisin as Chief Financial Officer, effective 14 August 2024. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ฿0.026 (vs ฿0.028 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.026. Revenue: ฿40.3m (down 36% from 2Q 2023). Net income: ฿8.78m (flat on 2Q 2023). Profit margin: 22% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses. New Risk • Jun 19
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: Major Risks Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (฿212.5m market cap, or US$5.80m). 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 (9.6% increase in shares outstanding). Reported Earnings • May 17
First quarter 2024 earnings released: EPS: ฿14.00 (vs ฿0.016 in 1Q 2023) First quarter 2024 results: EPS: ฿14.00. Revenue: ฿95.9m (down 2.1% from 1Q 2023). Net income: ฿4.41m (down 7.6% from 1Q 2023). Profit margin: 4.6% (down from 4.9% in 1Q 2023). The decrease in margin was driven by lower revenue. New Risk • Apr 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿364.2m (US$9.93m) 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 19% per year over the past 5 years. Market cap is less than US$10m (฿364.2m market cap, or US$9.93m). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Reported Earnings • Mar 03
Full year 2023 earnings released: ฿0.89 loss per share (vs ฿0.027 profit in FY 2022) Full year 2023 results: ฿0.89 loss per share (down from ฿0.027 profit in FY 2022). Revenue: ฿324.4m (down 2.3% from FY 2022). Net loss: ฿288.2m (down ฿296.1m from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. お知らせ • Mar 02
M Vision Public Company Limited, Annual General Meeting, Apr 25, 2024 M Vision Public Company Limited, Annual General Meeting, Apr 25, 2024, at 14:00 SE Asia Standard Time. Location: Seminar room, 12th floor, The Sittipol 1919 Company Limited, No.999 Rama 3 Road Bangkok Thailand Agenda: To consider certifying the minutes of the Annual General Meeting of Shareholders for the year 2023; To consider acknowledge the 2023 Company's operating result for the year ended December 31, 2023; to consider approving the Company and its subsidiaries's financial statements for the accounting period ended December 31, 2023; to consider approving the omission of the appropriation of income as legal reserve and the omission of dividend payment for the year 2023; and to consider other matters. お知らせ • Dec 20
M Vision Public Company Limited Announces Termination of Apsorn Wilartsakdanon as Chief Financial Officer (Acting) M Vision Public Company Limited announced the termination of Miss Apsorn WIlartsakdanon as Chief Financial Officer (Acting). Effective Date of Termination is on 19 December 2023. Reported Earnings • Nov 16
Third quarter 2023 earnings released: ฿0.26 loss per share (vs ฿0.063 loss in 3Q 2022) Third quarter 2023 results: ฿0.26 loss per share (further deteriorated from ฿0.063 loss in 3Q 2022). Revenue: ฿73.8m (up 43% from 3Q 2022). Net loss: ฿86.3m (loss widened 377% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿1.59, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 33x in the Media industry in Thailand. Total returns to shareholders of 35% over the past three years. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ฿0.028 (vs ฿0.005 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.028 (up from ฿0.005 in 2Q 2022). Revenue: ฿63.3m (down 6.7% from 2Q 2022). Net income: ฿8.74m (up ฿7.34m from 2Q 2022). Profit margin: 14% (up from 2.1% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Jul 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.8% 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 High level of non-cash earnings (48% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Market cap is less than US$100m (฿600.3m market cap, or US$17.3m). Reported Earnings • May 17
First quarter 2023 earnings released: EPS: ฿0 (vs ฿0.022 in 1Q 2022) First quarter 2023 results: EPS: ฿0 (down from ฿0.022 in 1Q 2022). Revenue: ฿97.9m (up 37% from 1Q 2022). Net income: ฿4.78m (down 12% from 1Q 2022). Profit margin: 4.9% (down from 7.6% in 1Q 2022). 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 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2022 earnings released: ฿0.063 loss per share (vs ฿0.20 profit in 3Q 2021) Third quarter 2022 results: ฿0.063 loss per share (down from ฿0.20 profit in 3Q 2021). Revenue: ฿51.7m (up 16% from 3Q 2021). Net loss: ฿18.1m (down 146% from profit in 3Q 2021). 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 17% 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. 9 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . 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 21
Second quarter 2022 earnings released: EPS: ฿0.005 (vs ฿0.009 loss in 2Q 2021) Second quarter 2022 results: EPS: ฿0.005 (up from ฿0.009 loss in 2Q 2021). Revenue: ฿67.8m (up 55% from 2Q 2021). Net income: ฿1.40m (up ฿3.16m from 2Q 2021). Profit margin: 2.1% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 22% share price gain to ฿4.10, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 32x in the Media industry in Thailand. Total returns to shareholders of 122% over the past three years. Reported Earnings • May 19
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: ฿0.022 (up from ฿0.012 in 1Q 2021). Revenue: ฿71.5m (up 123% from 1Q 2021). Net income: ฿5.44m (up 120% from 1Q 2021). Profit margin: 7.6% (down from 7.7% in 1Q 2021). Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates by 256%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ฿5.05, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 35x in the Media industry in Thailand. Total returns to shareholders of 179% over the past three years. Board Change • Apr 27
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. 9 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . 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 • Mar 30
Investor sentiment improved over the past week After last week's 19% share price gain to ฿5.95, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 38x in the Media industry in Thailand. Total returns to shareholders of 213% over the past three years. Reported Earnings • Mar 07
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ฿0.21 (up from ฿0.22 loss in FY 2020). Revenue: ฿241.0m (up 17% from FY 2020). Net income: ฿45.3m (up ฿88.8m from FY 2020). Profit margin: 19% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates by 256%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. お知らせ • Mar 03
M Vision Public Company Limited, Annual General Meeting, Apr 27, 2022 M Vision Public Company Limited, Annual General Meeting, Apr 27, 2022, at 07:00 Coordinated Universal Time. Location: Seminar room, 12th floor, The Sittipol 1919 Company Limited No.999 Rama 3 Road, Bangphongphang, Yannawa Bangkok 10120 Bangkok Thailand Agenda: To consider certifying the minutes of the Extraordinary General Meeting of Shareholders No.1/2022; to consider acknowledge the 2021 Company's operating result for the year ended December 31, 2021. to consider approving the Company and its subsidiaries's financial statements for the accounting period ended December 31, 2021; and to consider other matters. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ฿4.34, the stock trades at a trailing P/E ratio of 73.1x. Average trailing P/E is 41x in the Media industry in Thailand. Total returns to shareholders of 189% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 19% share price gain to ฿4.44, the stock trades at a trailing P/E ratio of 73.2x. Average trailing P/E is 40x in the Media industry in Thailand. Total returns to shareholders of 208% over the past three years. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.001 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: ฿44.7m (down 28% from 3Q 2020). Net income: ฿39.6m (up ฿39.4m from 3Q 2020). Profit margin: 89% (up from 0.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.001 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: ฿44.7m (down 28% from 3Q 2020). Net income: ฿39.6m (up ฿39.4m from 3Q 2020). Profit margin: 89% (up from 0.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: ฿0.009 loss per share (vs ฿0.098 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: ฿43.9m (up 257% from 2Q 2020). Net loss: ฿1.76m (loss narrowed 91% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.012 (vs ฿0.01 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: ฿32.0m (down 54% from 1Q 2020). Net income: ฿2.47m (up 60% from 1Q 2020). Profit margin: 7.7% (up from 2.2% in 1Q 2020). The increase in margin was driven by lower expenses. お知らせ • Mar 17
M Vision Public Company Limited, Annual General Meeting, Apr 30, 2021 M Vision Public Company Limited, Annual General Meeting, Apr 30, 2021, at 07:00 Coordinated Universal Time. Location: The Seminar room, 12th floor, The Sittipol 1919 Company Limited No. 999 Rama 3 Road,Bangphongphang, Yannawa Bangkok Thailand Agenda: To consider and certify the minutes of the Annual General Meeting of Shareholders for the year 2020; to consider to acknowledge the 2020 Company's operating result for the year ended December 31, 2020; to consider and approve the Company and its subsidiaries' financial statement for the accounting period ended December 31, 2020; to consider and approve the omission of the appropriation of income as legal reserve and the omission of dividend payment for the year 2020; and to consider other matters. Reported Earnings • Mar 03
Full year 2020 earnings released: ฿0.22 loss per share (vs ฿0.15 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: ฿209.1m (down 38% from FY 2019). Net loss: ฿43.5m (down 244% from profit in FY 2019). Is New 90 Day High Low • Feb 19
New 90-day high: ฿1.32 The company is up 9.0% from its price of ฿1.21 on 20 November 2020. The Thai market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Media industry, which is up 3.0% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: ฿1.29 The company is up 7.0% from its price of ฿1.21 on 22 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 18% over the same period. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS ฿0.001 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ฿62.0m (up 38% from 3Q 2019). Net income: ฿262.0k (down 96% from 3Q 2019). Profit margin: 0.4% (down from 14% in 3Q 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Oct 09
New 90-day high: ฿1.26 The company is up 2.0% from its price of ฿1.24 on 10 July 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is down 5.0% over the same period. 
