Siamese Asset (SA) 주식 개요시암 에셋 퍼블릭 컴퍼니는 태국에서 부동산 개발 사업을 하고 있습니다. 자세히 보기SA 펀더멘털 분석스노우플레이크 점수가치 평가0/6미래 성장0/6과거 실적0/6재무 건전성2/6배당0/6위험 분석이자 지급액이 수익으로 잘 충당되지 않음지난 5년간 매년 수익이 23.4% 감소했습니다.이익 마진 (0.1%)이 지난해 (7.5%)보다 낮습니다.재무 결과에 영향을 미치는 대규모 일회성 항목모든 위험 점검 보기SA Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value฿Current Price฿7.20421.7% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2m4b2016201920222025202620282031Revenue ฿2.5bEarnings ฿3.5mAdvancedSet Fair ValueView all narrativesSiamese Asset Public Company Limited 경쟁사AssetwiseSymbol: SET:ASWMarket cap: ฿6.3bSC Asset CorporationSymbol: SET:SCMarket cap: ฿7.8bPinthong Industrial ParkSymbol: SET:PINMarket cap: ฿5.2bFrasers Property (Thailand)Symbol: SET:FPTMarket cap: ฿14.7b가격 이력 및 성과Siamese Asset 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가฿7.2052주 최고가฿7.4552주 최저가฿6.70베타-0.0221개월 변동0.70%3개월 변동0%1년 변동-3.36%3년 변동-2.70%5년 변동2.86%IPO 이후 변동30.17%최근 뉴스 및 업데이트Reported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.001 (vs ฿0.063 in 1Q 2025)First quarter 2026 results: EPS: ฿0.001 (down from ฿0.063 in 1Q 2025). Revenue: ฿652.8m (down 17% from 1Q 2025). Net income: ฿10.2m (down 87% from 1Q 2025). Profit margin: 1.6% (down from 9.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year.Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. VP of Accounting & Executive Director Suwichada Sroythong was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Apr 22Siamese Asset Public Company Limited Approves the Omission of Dividend PaymentSiamese Asset Public Company Limited at its AGM held on April 21, 2026, resolved to approve the omission of dividend payment.New Risk • Mar 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 342% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin).Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.07 (vs ฿0.28 in FY 2024)Full year 2025 results: EPS: ฿0.07 (down from ฿0.28 in FY 2024). Revenue: ฿2.72b (down 41% from FY 2024). Net income: ฿116.5m (down 66% from FY 2024). Profit margin: 4.3% (down from 7.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Feb 25Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.더 많은 업데이트 보기Recent updatesReported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.001 (vs ฿0.063 in 1Q 2025)First quarter 2026 results: EPS: ฿0.001 (down from ฿0.063 in 1Q 2025). Revenue: ฿652.8m (down 17% from 1Q 2025). Net income: ฿10.2m (down 87% from 1Q 2025). Profit margin: 1.6% (down from 9.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year.Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. VP of Accounting & Executive Director Suwichada Sroythong was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Apr 22Siamese Asset Public Company Limited Approves the Omission of Dividend PaymentSiamese Asset Public Company Limited at its AGM held on April 21, 2026, resolved to approve the omission of dividend payment.New Risk • Mar 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 342% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin).Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.07 (vs ฿0.28 in FY 2024)Full year 2025 results: EPS: ฿0.07 (down from ฿0.28 in FY 2024). Revenue: ฿2.72b (down 41% from FY 2024). Net income: ฿116.5m (down 66% from FY 2024). Profit margin: 4.3% (down from 7.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Feb 25Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.New Risk • Nov 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 751% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 20% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin).Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.083 in 3Q 2024)Third quarter 2025 results: EPS: ฿0 (down from ฿0.083 in 3Q 2024). Revenue: ฿505.7m (down 53% from 3Q 2024). Net income: ฿10.9m (down 89% from 3Q 2024). Profit margin: 2.2% (down from 9.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Board Change • Oct 09Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 90% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.048 profit in 2Q 2024)Second quarter 2025 results: ฿0.01 loss per share (down from ฿0.048 profit in 2Q 2024). Revenue: ฿562.4m (down 42% from 2Q 2024). Net income: ฿6.20m (down 89% from 2Q 2024). Profit margin: 1.1% (down from 6.0% in 2Q 2024). The decrease in margin was driven by lower revenue. 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 6% per year, which means it is significantly lagging earnings.New Risk • Jul 25New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major 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 Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risk Large one-off items impacting financial results.New Risk • May 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 22% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Reported Earnings • May 10First quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.082 in 1Q 2024)First quarter 2025 results: EPS: ฿0.06 (down from ฿0.082 in 1Q 2024). Revenue: ฿935.0m (down 18% from 1Q 2024). Net income: ฿86.8m (down 12% from 1Q 2024). Profit margin: 9.3% (up from 8.7% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Apr 25Siamese Asset Public Company Limited Approves Cash Dividend for the Year 2024Siamese Asset Public Company Limited approved cash dividend of THB 0.08 per share, totaling an amount not exceeding THB 95,912,560 for the year 2024.New Risk • Mar 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 11% 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: Major Risks Debt is not well covered by operating cash flow (4.5% operating cash flow to total debt). Earnings have declined by 25% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (7.5% net profit margin).Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.29 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.29 (up from ฿0.13 in FY 2023). Revenue: ฿4.74b (up 235% from FY 2023). Net income: ฿386.3m (up 142% from FY 2023). Profit margin: 8.2% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. 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 18% per year, which means it is significantly lagging earnings.공시 • Feb 26Siamese Asset Public Company Limited Proposes Cash Dividend for the Year End December 31, 2024, Payable on 23 May, 2025Siamese Asset Public Company Limited proposed cash dividend of THB 0.08 per share. Record date for the right to receive dividends 12 March, 2025. Ex-dividend date is 11 March, 2025, Payment date 23 May, 2025.공시 • Feb 25Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2025Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time. Location: broadcast from the meeting room of siamese asset-, public company limited, no. 1077/48, phaholyothin road, phaya thai subdistrict, phaya thai district, bangkok ThailandReported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.083 (vs ฿0.005 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿0.083 (up from ฿0.005 loss in 3Q 2023). Revenue: ฿1.11b (up 452% from 3Q 2023). Net income: ฿110.3m (up ฿116.6m from 3Q 2023). Profit margin: 10.0% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.05 (up from ฿0 in 2Q 2023). Revenue: ฿1.00b (up 210% from 2Q 2023). Net income: ฿68.7m (up ฿68.3m from 2Q 2023). Profit margin: 6.9% (up from 0.1% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.공시 • Aug 10Siamese Asset Public Company Limited Approves Appointment of Panthep Asanitthong from Directorship Position to Independent DirectorSiamese Asset Public Company Limited at its meeting held on August 9, 2024 approved the appointment of Mr. Panthep Asanitthong from the Directorship position to become the Independent Director as Mr. Panthep Asanitthong has the qualifications as an independent director according to the Notification of Capital Market Supervisory Board TorJor. 39/2559, effective from August 13, 2024 onward. The Independent Director shall have the directorship term equivalent to the remaining directorship term of the Director only.Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.08 (vs ฿0.043 in 1Q 2023)First quarter 2024 results: EPS: ฿0.08 (up from ฿0.043 in 1Q 2023). Revenue: ฿1.17b (up 310% from 1Q 2023). Net income: ฿109.7m (up 114% from 1Q 2023). Profit margin: 9.3% (down from 18% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.공시 • Mar 23Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2024Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2024, at 10:00 SE Asia Standard Time.Upcoming Dividend • Mar 06Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.13 (vs ฿0.13 in FY 2022)Full year 2023 results: EPS: ฿0.13. Revenue: ฿2.00b (down 1.8% from FY 2022). Net income: ฿193.1m (up 24% from FY 2022). Profit margin: 9.7% (up from 7.7% in FY 2022). The increase in margin was driven by lower expenses.Declared Dividend • Feb 29Dividend of ฿0.05 announcedDividend of ฿0.05 is the same as last year. Ex-date: 13th March 2024 Payment date: 24th May 2024 Dividend yield will be 0.7%, which is lower than the industry average of 4.3%.공시 • Feb 28Siamese Asset Public Company Limited Proposes Cash Dividend for the Year 2023, Payable on May 24, 2024Siamese Asset Public Company Limited informed that the Board of Directors' Meeting held on February 27, 2024, resolved to propose the Annual General Meeting of Shareholders for the year 2024 to be held on April 25, 2024 dividend payment in cash from net profit for the year 2023 at the rate of THB 0.05 per share. The date to determine the list of shareholders who are entitled to receive dividends will be on March 14, 2024 (Record Date), and the such payment will be made on May 24, 2024. Ex-dividend date is March 13, 2024.공시 • Dec 26Siamese Asset Public Company Limited Announces Resignation of Pavarisa Damrongsuntisuk as Company SecretarySiamese Asset Public Company Limited announced that Miss Pavarisa Damrongsuntisuk has requested to resign from the position of Company Secretary, effective from December 26, 2023, onwards.Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: ฿0.005 (vs ฿0.009 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.005 (down from ฿0.009 in 2Q 2022). Revenue: ฿502.8m (up 43% from 2Q 2022). Net income: ฿8.56m (down 16% from 2Q 2022). Profit margin: 1.7% (down from 2.9% in 2Q 2022).Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿6.05, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 12x in the Real Estate industry in Thailand. Total loss to shareholders of 31% over the past year.공시 • Jun 01Siamese Asset Public Company Limited Announces Executive ChangesSiamese Asset Public Company Limited announced the termination of Singsansern Kajonsit as Acting Chief Financial Officer, effective May 31, 2023. The company also announced the appointment of Aksornjirarat Leetita as CFO, effective June 1, 2023.Reported Earnings • May 13First quarter 2023 earnings released: EPS: ฿0.043 (vs ฿0.019 in 1Q 2022)First quarter 2023 results: EPS: ฿0.043 (up from ฿0.019 in 1Q 2022). Revenue: ฿488.2m (up 43% from 1Q 2022). Net income: ฿53.7m (up 135% from 1Q 2022). Profit margin: 11% (up from 6.7% in 1Q 2022).공시 • May 05Siamese Asset Public Company Limited Announces CFO ChangesSiamese Asset Public Company Limited announced changing of Chief Financial Officer. Position of CFO: Acting Chief Financial Officer. Name: Mr. Suphon Chongchintaraksa. Effective Date of Termination: 29 April 2023. Appoints Mr. Kajonsit Singsansern as the Acting Chief Financial Officer. Effective Date of Appointment is 02 May 2023.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿8.30, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total loss to shareholders of 30% over the past year.Upcoming Dividend • Mar 07Upcoming dividend of ฿0.05 per share at 0.7% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.7%). Lower than average of industry peers (4.1%).Upcoming Dividend • Feb 28Upcoming dividend of ฿0.05 per share at 0.7% yieldEligible shareholders must have bought the stock before 07 March 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (3.5%).Board Change • Nov 16Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: ฿0.066 (vs ฿0.029 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.066 (up from ฿0.029 in 3Q 2021). Revenue: ฿928.6m (up 81% from 3Q 2021). Net income: ฿78.7m (up 133% from 3Q 2021). Profit margin: 8.5% (up from 6.6% in 3Q 2021).Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ฿0.01 (vs ฿0.023 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.01 (down from ฿0.023 in 2Q 2021). Revenue: ฿587.7m (up 4.3% from 2Q 2021). Net income: ฿10.2m (down 63% from 2Q 2021). Profit margin: 1.7% (down from 4.8% in 2Q 2021). Over the next year, revenue is forecast to grow 180%, compared to a 18% growth forecast for the industry in Thailand.Buying Opportunity • Aug 10Now 22% undervaluedOver the last 90 days, the stock is up 4.1%. The fair value is estimated to be ฿11.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last year. Earnings per share has declined by 81%. Revenue is forecast to grow by 224% in 2 years. Earnings is forecast to grow by 713% in the next 2 years.Buying Opportunity • Jul 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be ฿11.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last year. Earnings per share has declined by 81%. Revenue is forecast to grow by 224% in 2 years. Earnings is forecast to grow by 713% in the next 2 years.Reported Earnings • May 13First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: ฿0.019 (down from ฿0.038 in 1Q 2021). Revenue: ฿472.1m (down 29% from 1Q 2021). Net income: ฿22.8m (down 49% from 1Q 2021). Profit margin: 4.8% (down from 6.8% in 1Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 162%, compared to a 18% growth forecast for the industry in Thailand.Price Target Changed • Apr 27Price target increased to ฿18.00Up from ฿8.70, the current price target is provided by 1 analyst. New target price is 88% above last closing price of ฿9.55. Stock is up 35% over the past year. The company is forecast to post earnings per share of ฿0.64 for next year compared to ฿0.13 last year.Board Change • Apr 27Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 07Upcoming dividend of ฿0.049 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (3.1%).Reported Earnings • Mar 02Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: ฿0.13 (down from ฿0.53 in FY 2020). Revenue: ฿2.44b (down 29% from FY 2020). Net income: ฿146.8m (down 73% from FY 2020). Profit margin: 6.0% (down from 16% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 101%, compared to a 17% growth forecast for the industry in Thailand.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 19% share price gain to ฿13.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Real Estate industry in Thailand. Total returns to shareholders of 122% over the past year.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.029 (vs ฿0.19 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿552.7m (down 57% from 3Q 2020). Net income: ฿33.8m (down 82% from 3Q 2020). Profit margin: 6.1% (down from 15% in 3Q 2020).Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿8.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Real Estate industry in Thailand.Reported Earnings • Mar 01Full year 2020 earnings released: EPS ฿0.56 (vs ฿0.53 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: ฿3.42b (down 1.5% from FY 2019). Net income: ฿542.6m (up 8.0% from FY 2019). Profit margin: 16% (up from 14% in FY 2019).Reported Earnings • Dec 28Third quarter 2020 earnings released: EPS ฿0.20The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.29b (up 168% from 3Q 2019). Net income: ฿191.4m (up ฿182.4m from 3Q 2019). Profit margin: 15% (up from 1.9% in 3Q 2019). The increase in margin was driven by higher revenue.주주 수익률SATH Real EstateTH 시장7D0.7%2.6%1.4%1Y-3.4%18.6%31.9%전체 주주 수익률 보기수익률 대 산업: SA은 지난 1년 동안 18.6%의 수익을 기록한 TH Real Estate 산업보다 저조한 성과를 냈습니다.수익률 대 시장: SA은 지난 1년 동안 31.9%를 기록한 TH 시장보다 저조한 성과를 냈습니다.주가 변동성Is SA's price volatile compared to industry and market?SA volatilitySA Average Weekly Movement2.7%Real Estate Industry Average Movement5.0%Market Average Movement4.8%10% most volatile stocks in TH Market10.3%10% least volatile stocks in TH Market2.5%안정적인 주가: SA는 지난 3개월 동안 TH 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: SA의 주간 변동성(3%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트2010n/aKajonsit Singsansernwww.siameseasset.co.th시암 에셋 퍼블릭 컴퍼니는 태국에서 부동산 개발 사업을 하고 있습니다. 이 회사는 부동산 개발, 서비스 및 호텔 부문을 통해 운영됩니다. 단독주택, 콘도미니엄, 타운하우스 등 주거용 부동산 프로젝트를 개발, 관리, 판매합니다.더 보기Siamese Asset Public Company Limited 기초 지표 요약Siamese Asset의 순이익과 매출은 시가총액과 어떻게 비교됩니까?SA 기초 통계시가총액฿8.63b순이익 (TTM)฿2.96m매출 (TTM)฿2.06b2,912x주가수익비율(P/E)4.2x주가매출비율(P/S)SA는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표SA 손익계산서 (TTM)매출฿2.06b매출원가฿1.33b총이익฿731.75m기타 비용฿728.79m순이익฿2.96m최근 보고된 실적Mar 31, 2026다음 실적 발표일May 26, 2026주당순이익(EPS)0.0025총이익률35.57%순이익률0.14%부채/자본 비율228.8%SA의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당1.1%현재 배당 수익률61%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 23:51종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Siamese Asset Public Company Limited는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Wikij TirawannaratBualuang Securities PCLPoramet TongbuaBualuang Securities PCLPhoowadol PhoosodngernBualuang Securities PCL
Reported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.001 (vs ฿0.063 in 1Q 2025)First quarter 2026 results: EPS: ฿0.001 (down from ฿0.063 in 1Q 2025). Revenue: ฿652.8m (down 17% from 1Q 2025). Net income: ฿10.2m (down 87% from 1Q 2025). Profit margin: 1.6% (down from 9.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year.
Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. VP of Accounting & Executive Director Suwichada Sroythong was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Apr 22Siamese Asset Public Company Limited Approves the Omission of Dividend PaymentSiamese Asset Public Company Limited at its AGM held on April 21, 2026, resolved to approve the omission of dividend payment.
New Risk • Mar 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 342% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin).
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.07 (vs ฿0.28 in FY 2024)Full year 2025 results: EPS: ฿0.07 (down from ฿0.28 in FY 2024). Revenue: ฿2.72b (down 41% from FY 2024). Net income: ฿116.5m (down 66% from FY 2024). Profit margin: 4.3% (down from 7.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Feb 25Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.
Reported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.001 (vs ฿0.063 in 1Q 2025)First quarter 2026 results: EPS: ฿0.001 (down from ฿0.063 in 1Q 2025). Revenue: ฿652.8m (down 17% from 1Q 2025). Net income: ฿10.2m (down 87% from 1Q 2025). Profit margin: 1.6% (down from 9.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year.
Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. VP of Accounting & Executive Director Suwichada Sroythong was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Apr 22Siamese Asset Public Company Limited Approves the Omission of Dividend PaymentSiamese Asset Public Company Limited at its AGM held on April 21, 2026, resolved to approve the omission of dividend payment.
New Risk • Mar 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 342% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin).
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.07 (vs ฿0.28 in FY 2024)Full year 2025 results: EPS: ฿0.07 (down from ฿0.28 in FY 2024). Revenue: ฿2.72b (down 41% from FY 2024). Net income: ฿116.5m (down 66% from FY 2024). Profit margin: 4.3% (down from 7.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Feb 25Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.
New Risk • Nov 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 751% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 20% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin).
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.083 in 3Q 2024)Third quarter 2025 results: EPS: ฿0 (down from ฿0.083 in 3Q 2024). Revenue: ฿505.7m (down 53% from 3Q 2024). Net income: ฿10.9m (down 89% from 3Q 2024). Profit margin: 2.2% (down from 9.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Board Change • Oct 09Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 90% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.048 profit in 2Q 2024)Second quarter 2025 results: ฿0.01 loss per share (down from ฿0.048 profit in 2Q 2024). Revenue: ฿562.4m (down 42% from 2Q 2024). Net income: ฿6.20m (down 89% from 2Q 2024). Profit margin: 1.1% (down from 6.0% in 2Q 2024). The decrease in margin was driven by lower revenue. 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 6% per year, which means it is significantly lagging earnings.
New Risk • Jul 25New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major 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 Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risk Large one-off items impacting financial results.
New Risk • May 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 22% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.082 in 1Q 2024)First quarter 2025 results: EPS: ฿0.06 (down from ฿0.082 in 1Q 2024). Revenue: ฿935.0m (down 18% from 1Q 2024). Net income: ฿86.8m (down 12% from 1Q 2024). Profit margin: 9.3% (up from 8.7% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Apr 25Siamese Asset Public Company Limited Approves Cash Dividend for the Year 2024Siamese Asset Public Company Limited approved cash dividend of THB 0.08 per share, totaling an amount not exceeding THB 95,912,560 for the year 2024.
New Risk • Mar 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 11% 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: Major Risks Debt is not well covered by operating cash flow (4.5% operating cash flow to total debt). Earnings have declined by 25% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (7.5% net profit margin).
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.29 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.29 (up from ฿0.13 in FY 2023). Revenue: ฿4.74b (up 235% from FY 2023). Net income: ฿386.3m (up 142% from FY 2023). Profit margin: 8.2% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. 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 18% per year, which means it is significantly lagging earnings.
공시 • Feb 26Siamese Asset Public Company Limited Proposes Cash Dividend for the Year End December 31, 2024, Payable on 23 May, 2025Siamese Asset Public Company Limited proposed cash dividend of THB 0.08 per share. Record date for the right to receive dividends 12 March, 2025. Ex-dividend date is 11 March, 2025, Payment date 23 May, 2025.
공시 • Feb 25Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2025Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time. Location: broadcast from the meeting room of siamese asset-, public company limited, no. 1077/48, phaholyothin road, phaya thai subdistrict, phaya thai district, bangkok Thailand
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.083 (vs ฿0.005 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿0.083 (up from ฿0.005 loss in 3Q 2023). Revenue: ฿1.11b (up 452% from 3Q 2023). Net income: ฿110.3m (up ฿116.6m from 3Q 2023). Profit margin: 10.0% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.05 (up from ฿0 in 2Q 2023). Revenue: ฿1.00b (up 210% from 2Q 2023). Net income: ฿68.7m (up ฿68.3m from 2Q 2023). Profit margin: 6.9% (up from 0.1% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
공시 • Aug 10Siamese Asset Public Company Limited Approves Appointment of Panthep Asanitthong from Directorship Position to Independent DirectorSiamese Asset Public Company Limited at its meeting held on August 9, 2024 approved the appointment of Mr. Panthep Asanitthong from the Directorship position to become the Independent Director as Mr. Panthep Asanitthong has the qualifications as an independent director according to the Notification of Capital Market Supervisory Board TorJor. 39/2559, effective from August 13, 2024 onward. The Independent Director shall have the directorship term equivalent to the remaining directorship term of the Director only.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.08 (vs ฿0.043 in 1Q 2023)First quarter 2024 results: EPS: ฿0.08 (up from ฿0.043 in 1Q 2023). Revenue: ฿1.17b (up 310% from 1Q 2023). Net income: ฿109.7m (up 114% from 1Q 2023). Profit margin: 9.3% (down from 18% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
공시 • Mar 23Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2024Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2024, at 10:00 SE Asia Standard Time.
Upcoming Dividend • Mar 06Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.13 (vs ฿0.13 in FY 2022)Full year 2023 results: EPS: ฿0.13. Revenue: ฿2.00b (down 1.8% from FY 2022). Net income: ฿193.1m (up 24% from FY 2022). Profit margin: 9.7% (up from 7.7% in FY 2022). The increase in margin was driven by lower expenses.
Declared Dividend • Feb 29Dividend of ฿0.05 announcedDividend of ฿0.05 is the same as last year. Ex-date: 13th March 2024 Payment date: 24th May 2024 Dividend yield will be 0.7%, which is lower than the industry average of 4.3%.
공시 • Feb 28Siamese Asset Public Company Limited Proposes Cash Dividend for the Year 2023, Payable on May 24, 2024Siamese Asset Public Company Limited informed that the Board of Directors' Meeting held on February 27, 2024, resolved to propose the Annual General Meeting of Shareholders for the year 2024 to be held on April 25, 2024 dividend payment in cash from net profit for the year 2023 at the rate of THB 0.05 per share. The date to determine the list of shareholders who are entitled to receive dividends will be on March 14, 2024 (Record Date), and the such payment will be made on May 24, 2024. Ex-dividend date is March 13, 2024.
공시 • Dec 26Siamese Asset Public Company Limited Announces Resignation of Pavarisa Damrongsuntisuk as Company SecretarySiamese Asset Public Company Limited announced that Miss Pavarisa Damrongsuntisuk has requested to resign from the position of Company Secretary, effective from December 26, 2023, onwards.
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: ฿0.005 (vs ฿0.009 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.005 (down from ฿0.009 in 2Q 2022). Revenue: ฿502.8m (up 43% from 2Q 2022). Net income: ฿8.56m (down 16% from 2Q 2022). Profit margin: 1.7% (down from 2.9% in 2Q 2022).
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿6.05, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 12x in the Real Estate industry in Thailand. Total loss to shareholders of 31% over the past year.
공시 • Jun 01Siamese Asset Public Company Limited Announces Executive ChangesSiamese Asset Public Company Limited announced the termination of Singsansern Kajonsit as Acting Chief Financial Officer, effective May 31, 2023. The company also announced the appointment of Aksornjirarat Leetita as CFO, effective June 1, 2023.
Reported Earnings • May 13First quarter 2023 earnings released: EPS: ฿0.043 (vs ฿0.019 in 1Q 2022)First quarter 2023 results: EPS: ฿0.043 (up from ฿0.019 in 1Q 2022). Revenue: ฿488.2m (up 43% from 1Q 2022). Net income: ฿53.7m (up 135% from 1Q 2022). Profit margin: 11% (up from 6.7% in 1Q 2022).
공시 • May 05Siamese Asset Public Company Limited Announces CFO ChangesSiamese Asset Public Company Limited announced changing of Chief Financial Officer. Position of CFO: Acting Chief Financial Officer. Name: Mr. Suphon Chongchintaraksa. Effective Date of Termination: 29 April 2023. Appoints Mr. Kajonsit Singsansern as the Acting Chief Financial Officer. Effective Date of Appointment is 02 May 2023.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿8.30, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total loss to shareholders of 30% over the past year.
Upcoming Dividend • Mar 07Upcoming dividend of ฿0.05 per share at 0.7% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.7%). Lower than average of industry peers (4.1%).
Upcoming Dividend • Feb 28Upcoming dividend of ฿0.05 per share at 0.7% yieldEligible shareholders must have bought the stock before 07 March 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (3.5%).
Board Change • Nov 16Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: ฿0.066 (vs ฿0.029 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.066 (up from ฿0.029 in 3Q 2021). Revenue: ฿928.6m (up 81% from 3Q 2021). Net income: ฿78.7m (up 133% from 3Q 2021). Profit margin: 8.5% (up from 6.6% in 3Q 2021).
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ฿0.01 (vs ฿0.023 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.01 (down from ฿0.023 in 2Q 2021). Revenue: ฿587.7m (up 4.3% from 2Q 2021). Net income: ฿10.2m (down 63% from 2Q 2021). Profit margin: 1.7% (down from 4.8% in 2Q 2021). Over the next year, revenue is forecast to grow 180%, compared to a 18% growth forecast for the industry in Thailand.
Buying Opportunity • Aug 10Now 22% undervaluedOver the last 90 days, the stock is up 4.1%. The fair value is estimated to be ฿11.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last year. Earnings per share has declined by 81%. Revenue is forecast to grow by 224% in 2 years. Earnings is forecast to grow by 713% in the next 2 years.
Buying Opportunity • Jul 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be ฿11.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last year. Earnings per share has declined by 81%. Revenue is forecast to grow by 224% in 2 years. Earnings is forecast to grow by 713% in the next 2 years.
Reported Earnings • May 13First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: ฿0.019 (down from ฿0.038 in 1Q 2021). Revenue: ฿472.1m (down 29% from 1Q 2021). Net income: ฿22.8m (down 49% from 1Q 2021). Profit margin: 4.8% (down from 6.8% in 1Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 162%, compared to a 18% growth forecast for the industry in Thailand.
Price Target Changed • Apr 27Price target increased to ฿18.00Up from ฿8.70, the current price target is provided by 1 analyst. New target price is 88% above last closing price of ฿9.55. Stock is up 35% over the past year. The company is forecast to post earnings per share of ฿0.64 for next year compared to ฿0.13 last year.
Board Change • Apr 27Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 07Upcoming dividend of ฿0.049 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (3.1%).
Reported Earnings • Mar 02Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: ฿0.13 (down from ฿0.53 in FY 2020). Revenue: ฿2.44b (down 29% from FY 2020). Net income: ฿146.8m (down 73% from FY 2020). Profit margin: 6.0% (down from 16% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 101%, compared to a 17% growth forecast for the industry in Thailand.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 19% share price gain to ฿13.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Real Estate industry in Thailand. Total returns to shareholders of 122% over the past year.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.029 (vs ฿0.19 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿552.7m (down 57% from 3Q 2020). Net income: ฿33.8m (down 82% from 3Q 2020). Profit margin: 6.1% (down from 15% in 3Q 2020).
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿8.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Real Estate industry in Thailand.
Reported Earnings • Mar 01Full year 2020 earnings released: EPS ฿0.56 (vs ฿0.53 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: ฿3.42b (down 1.5% from FY 2019). Net income: ฿542.6m (up 8.0% from FY 2019). Profit margin: 16% (up from 14% in FY 2019).
Reported Earnings • Dec 28Third quarter 2020 earnings released: EPS ฿0.20The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.29b (up 168% from 3Q 2019). Net income: ฿191.4m (up ฿182.4m from 3Q 2019). Profit margin: 15% (up from 1.9% in 3Q 2019). The increase in margin was driven by higher revenue.
