공시 • Mar 02
Country Group Development Public Company Limited, Annual General Meeting, Apr 28, 2026 Country Group Development Public Company Limited, Annual General Meeting, Apr 28, 2026, at 10:00 SE Asia Standard Time. Location: ballroom, 4th floor, bliston suwan, park view hotel and residence, no. 9 soi tonson, ploenchit road, lumpini subdistrict, patthumwan diistrict, bangkok 10330, Thailand Buy Or Sell Opportunity • Feb 10
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ฿0.11. The fair value is estimated to be ฿0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 47% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jan 08
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ฿0.10. The fair value is estimated to be ฿0.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 47% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Dec 24
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to ฿0.10. The fair value is estimated to be ฿0.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 47% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 18
Third quarter 2025 earnings released: ฿0.025 loss per share (vs ฿0.003 loss in 3Q 2024) Third quarter 2025 results: ฿0.025 loss per share (further deteriorated from ฿0.003 loss in 3Q 2024). Revenue: ฿191.2m (down 70% from 3Q 2024). Net loss: ฿204.6m (loss widened ฿177.1m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2025 earnings released: ฿0.007 loss per share (vs ฿0.005 loss in 2Q 2024) Second quarter 2025 results: ฿0.007 loss per share (further deteriorated from ฿0.005 loss in 2Q 2024). Revenue: ฿322.6m (down 52% from 2Q 2024). Net loss: ฿56.2m (loss widened 43% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • May 12
First quarter 2025 earnings released: ฿0.012 loss per share (vs ฿0 in 1Q 2024) First quarter 2025 results: ฿0.012 loss per share (further deteriorated from ฿0 in 1Q 2024). Revenue: ฿301.9m (down 63% from 1Q 2024). Net loss: ฿102.1m (loss widened ฿99.2m from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. New Risk • Apr 01
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 10% 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 (10% average weekly change). Minor Risk Market cap is less than US$100m (฿1.74b market cap, or US$50.8m). Reported Earnings • Mar 02
Full year 2024 earnings released: ฿0.03 loss per share (vs ฿0.009 profit in FY 2023) Full year 2024 results: ฿0.03 loss per share (down from ฿0.009 profit in FY 2023). Revenue: ฿2.41b (down 45% from FY 2023). Net loss: ฿251.7m (down 446% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. 공시 • Mar 01
Country Group Development Public Company Limited, Annual General Meeting, Apr 21, 2025 Country Group Development Public Company Limited, Annual General Meeting, Apr 21, 2025, at 10:00 SE Asia Standard Time. Location: ballroom, 4th floor, bliston suwan, park view hotel and residence, no. 9, soi tonson, ploenchit road, lumpini subdistrict, patthumwan district, bangkok 10330 Thailand New Risk • Jan 09
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: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿2.56b market cap, or US$74.0m). Reported Earnings • Aug 10
Second quarter 2024 earnings released: ฿0.005 loss per share (vs ฿0.005 profit in 2Q 2023) Second quarter 2024 results: ฿0.005 loss per share (down from ฿0.005 profit in 2Q 2023). Revenue: ฿670.0m (down 34% from 2Q 2023). Net loss: ฿39.4m (down 201% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: ฿0 (vs ฿0.006 in 1Q 2023) First quarter 2024 results: EPS: ฿0 (down from ฿0.006 in 1Q 2023). Revenue: ฿907.8m (down 28% from 1Q 2023). Net loss: ฿2.89m (down 106% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: ฿0.009 (vs ฿0.028 in FY 2022) Full year 2023 results: EPS: ฿0.009 (down from ฿0.028 in FY 2022). Revenue: ฿4.34b (down 28% from FY 2022). Net income: ฿72.7m (down 69% from FY 2022). Profit margin: 1.7% (down from 3.9% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 15% per year. New Risk • Nov 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.5% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (฿2.73b market cap, or US$75.9m). Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ฿0.005 (vs ฿0.023 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.005 (down from ฿0.023 in 2Q 2022). Revenue: ฿1.02b (down 47% from 2Q 2022). Net income: ฿39.0m (down 79% from 2Q 2022). Profit margin: 3.8% (down from 9.9% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿0.006 (vs ฿0.009 in 1Q 2022) First quarter 2023 results: EPS: ฿0.006 (down from ฿0.009 in 1Q 2022). Revenue: ฿1.27b (down 37% from 1Q 2022). Net income: ฿45.8m (down 36% from 1Q 2022). Profit margin: 3.6% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. 공시 • Jan 24
Country Group Development Public Company Limited Appoints Orapak Suwanapakdee as New Director The Board of Directors' Meeting of Country Group Development Public Company Limited resolved to approve the election of director to fill the position vacated by the resignation from office of the previous director and to complete the remainder of the resigning director's term. By appointing Miss Orapak Suwanapakdee, a new director possessing the knowledge, experience, and professional expertise required to provide guidance and direction in the management of the Company with effect from January 19, 2023 onwards. 공시 • Jan 04
Country Group Development Public Company Limited Announces Resignation of Yiu Sing Tse as Director Country Group Development Public Company Limited announced that Mr. Yiu Sing Tse has informed the Company of his resignation as a director of the Company, effective on 30 December 2022 onwards. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ฿0.007 (vs ฿0.089 loss in 3Q 2021) Third quarter 2022 results: EPS: ฿0.007 (up from ฿0.089 loss in 3Q 2021). Revenue: ฿1.43b (up 126% from 3Q 2021). Net income: ฿58.9m (up ฿798.2m from 3Q 2021). Profit margin: 4.1% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 3 experienced directors. 8 highly experienced directors. Independent Vice Chairman Patcharawat Wongsuwan 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. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: ฿0.009 (vs ฿0.012 loss in 1Q 2021) First quarter 2022 results: EPS: ฿0.009 (up from ฿0.012 loss in 1Q 2021). Revenue: ฿2.00b (up 105% from 1Q 2021). Net income: ฿71.3m (up ฿172.0m from 1Q 2021). Profit margin: 3.6% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. 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. 3 experienced directors. 8 highly experienced directors. Independent Vice Chairman Phatcharavat Wongsuwan 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. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿0.076 loss per share (down from ฿0.044 loss in FY 2020). Revenue: ฿3.54b (down 1.2% from FY 2020). Net loss: ฿630.3m (loss widened 75% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: ฿0.089 loss per share (vs ฿0.011 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: ฿629.7m (down 44% from 3Q 2020). Net loss: ฿739.3m (loss widened ฿646.9m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: ฿0.037 loss per share (vs ฿0.05 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿758.7m (up 3.8% from 2Q 2020). Net loss: ฿307.0m (down 175% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Executive Departure • Jun 21
Independent Director Subhakorn Bhalakula has left the company On the 11th of June, Subhakorn Bhalakula's tenure as Independent Director ended. We don't have any record of a personal shareholding under Subhakorn's name. Subhakorn is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.71 years. Reported Earnings • May 17
First quarter 2021 earnings released: ฿0.012 loss per share (vs ฿0.084 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: ฿1.26b (up 228% from 1Q 2020). Net loss: ฿100.7m (loss narrowed 86% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 20% per year. Reported Earnings • Mar 06
Full year 2020 earnings released: ฿0.044 loss per share (vs ฿0.059 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: ฿3.58b (up ฿3.11b from FY 2019). Net loss: ฿360.1m (loss narrowed 26% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 43% 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. Is New 90 Day High Low • Feb 22
New 90-day low: ฿0.55 The company is down 17% from its price of ฿0.66 on 24 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 19
New 90-day low: ฿0.58 The company is down 12% from its price of ฿0.66 on 21 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: ฿0.61 The company is down 5.0% from its price of ฿0.64 on 16 September 2020. The Thai market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 19% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: ฿0.011 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: ฿1.13b (up ฿1.12b from 3Q 2019). Net loss: ฿92.4m (loss narrowed 72% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 06
New 90-day high: ฿0.70 The company is up 17% from its price of ฿0.60 on 08 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 11% over the same period.