View Future GrowthLeo Global Logistics 과거 순이익 실적과거 기준 점검 1/6Leo Global Logistics 의 수입은 연평균 -34.3%의 비율로 감소해 온 반면, Logistics 산업은 연평균 10.4%의 비율로 감소했습니다. 매출은 연평균 19.3%의 비율로 감소해 왔습니다.핵심 정보-34.27%순이익 성장률-35.03%주당순이익(EPS) 성장률Logistics 산업 성장률37.59%매출 성장률-19.28%자기자본이익률-1.69%순이익률0.59%다음 순이익 업데이트04 Jun 2026최근 과거 실적 업데이트Reported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.024 (vs ฿0.028 in 1Q 2025)First quarter 2026 results: EPS: ฿0.024 (down from ฿0.028 in 1Q 2025). Revenue: ฿313.9m (down 9.3% from 1Q 2025). Net income: ฿7.51m (down 14% from 1Q 2025). Profit margin: 2.4% (down from 2.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ฿0.028 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.028 (down from ฿0.15 in FY 2024). Revenue: ฿1.33b (down 19% from FY 2024). Net income: ฿8.78m (down 82% from FY 2024). Profit margin: 0.7% (down from 2.9% in FY 2024). The decrease in margin was driven by lower revenue. 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 • Nov 12Third quarter 2025 earnings released: EPS: ฿0.007 (vs ฿0.04 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.007 (down from ฿0.04 in 3Q 2024). Revenue: ฿346.0m (down 33% from 3Q 2024). Net income: ฿2.31m (down 82% from 3Q 2024). Profit margin: 0.7% (down from 2.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.017 (vs ฿0.035 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.017 (down from ฿0.035 in 2Q 2024). Revenue: ฿337.3m (down 9.4% from 2Q 2024). Net income: ฿5.36m (down 52% from 2Q 2024). Profit margin: 1.6% (down from 3.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.028 (vs ฿0.033 in 1Q 2024)First quarter 2025 results: EPS: ฿0.028 (down from ฿0.033 in 1Q 2024). Revenue: ฿346.0m (flat on 1Q 2024). Net income: ฿8.67m (down 17% from 1Q 2024). Profit margin: 2.5% (down from 3.0% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 03Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.27 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.27 in FY 2023). Revenue: ฿1.63b (up 19% from FY 2023). Net income: ฿47.6m (down 43% from FY 2023). Profit margin: 2.9% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 47% per year, which means it has not declined as severely as earnings.모든 업데이트 보기Recent updatesReported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.024 (vs ฿0.028 in 1Q 2025)First quarter 2026 results: EPS: ฿0.024 (down from ฿0.028 in 1Q 2025). Revenue: ฿313.9m (down 9.3% from 1Q 2025). Net income: ฿7.51m (down 14% from 1Q 2025). Profit margin: 2.4% (down from 2.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.Board Change • Mar 31Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Chalong Luengprasit was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • Feb 25Dividend reduced to ฿0.06Dividend of ฿0.06 is 57% lower than last year. Ex-date: 6th March 2026 Payment date: 8th May 2026 Dividend yield will be 3.1%, which is lower than the industry average of 7.4%. Sustainability & Growth Dividend is not covered by earnings (149% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 65% to bring the payout ratio under control. However, EPS has declined by 36% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ฿0.028 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.028 (down from ฿0.15 in FY 2024). Revenue: ฿1.33b (down 19% from FY 2024). Net income: ฿8.78m (down 82% from FY 2024). Profit margin: 0.7% (down from 2.9% in FY 2024). The decrease in margin was driven by lower revenue. 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.공시 • Feb 24Leo Global Logistics Public Company Limited announces Annual dividend, payable on May 08, 2026Leo Global Logistics Public Company Limited announced Annual dividend of THB 0.0600 per share payable on May 08, 2026, ex-date on March 06, 2026 and record date on March 09, 2026.공시 • Feb 23Leo Global Logistics Public Company Limited, Annual General Meeting, Apr 21, 2026Leo Global Logistics Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.Buy Or Sell Opportunity • Feb 17Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 3.6% to ฿2.00. The fair value is estimated to be ฿1.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 45% over the last 3 years. Earnings per share has declined by 80%.Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: ฿0.007 (vs ฿0.04 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.007 (down from ฿0.04 in 3Q 2024). Revenue: ฿346.0m (down 33% from 3Q 2024). Net income: ฿2.31m (down 82% from 3Q 2024). Profit margin: 0.7% (down from 2.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Nov 06Now 20% overvaluedOver the last 90 days, the stock has fallen 7.1% to ฿1.97. The fair value is estimated to be ฿1.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 51% over the last 3 years. Earnings per share has declined by 76%.Buy Or Sell Opportunity • Oct 07Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.0% to ฿2.04. The fair value is estimated to be ฿1.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 51% over the last 3 years. Earnings per share has declined by 76%.Buy Or Sell Opportunity • Sep 11Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 5.0% to ฿2.12. The fair value is estimated to be ฿1.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 51% over the last 3 years. Earnings per share has declined by 76%.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.017 (vs ฿0.035 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.017 (down from ฿0.035 in 2Q 2024). Revenue: ฿337.3m (down 9.4% from 2Q 2024). Net income: ฿5.36m (down 52% from 2Q 2024). Profit margin: 1.6% (down from 3.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Jul 29Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to ฿2.12. The fair value is estimated to be ฿1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 52% over the last 3 years. Earnings per share has declined by 68%.Buy Or Sell Opportunity • Jul 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to ฿2.10. The fair value is estimated to be ฿1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 52% over the last 3 years. Earnings per share has declined by 68%.Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.028 (vs ฿0.033 in 1Q 2024)First quarter 2025 results: EPS: ฿0.028 (down from ฿0.033 in 1Q 2024). Revenue: ฿346.0m (flat on 1Q 2024). Net income: ฿8.67m (down 17% from 1Q 2024). Profit margin: 2.5% (down from 3.0% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • May 14Now 24% overvaluedOver the last 90 days, the stock has fallen 6.1% to ฿2.16. The fair value is estimated to be ฿1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Earnings per share has declined by 56%.공시 • Apr 25Leo Global Logistics Public Company Limited Appoints Chalong Luengprasit as Independent Director and Member to Audit Committee and Nomination and Remuneration CommitteeLeo Global Logistics Public Company Limited at its AGM held on April 24, 2025, approved appointment of Mr. Chalong Luengprasit to be the Independent Director/Member of the Audit Committee/Member of the Nomination and Remuneration Committee.New Risk • Mar 09New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 93% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. High level of non-cash earnings (20% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (฿762.5m market cap, or US$22.6m).Reported Earnings • Mar 03Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.27 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.27 in FY 2023). Revenue: ฿1.63b (up 19% from FY 2023). Net income: ฿47.6m (down 43% from FY 2023). Profit margin: 2.9% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 47% per year, which means it has not declined as severely as earnings.공시 • Mar 01+ 1 more updateLeo Global Logistics Public Company Limited Proposes Cash Dividend from Operating Period During January 1, 2024 to December 31, 2024, Payable on May 14, 2025Leo Global Logistics Public Company Limited proposed cash dividend of THB 0.14 per share from operating period during January 1, 2024 to December 31, 2024, payable on May 14, 2025. Record date is March 14, 2025. Ex-dividend is March 13, 2025.New Risk • Jan 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.3% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.3% average weekly change). High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿614.4m market cap, or US$17.8m).Buy Or Sell Opportunity • Jan 17Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 50% to ฿1.95. The fair value is estimated to be ฿2.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Earnings per share has declined by 41%.Buy Or Sell Opportunity • Dec 25Now 22% overvaluedOver the last 90 days, the stock has fallen 26% to ฿3.06. The fair value is estimated to be ฿2.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Earnings per share has declined by 41%.New Risk • Nov 14New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿1.19b market cap, or US$34.0m).Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.052 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.04 (down from ฿0.052 in 3Q 2023). Revenue: ฿513.5m (up 58% from 3Q 2023). Net income: ฿12.7m (down 22% from 3Q 2023). Profit margin: 2.5% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% 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.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.035 (vs ฿0.06 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.035 (down from ฿0.06 in 2Q 2023). Revenue: ฿372.4m (up 6.1% from 2Q 2023). Net income: ฿11.1m (down 41% from 2Q 2023). Profit margin: 3.0% (down from 5.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.New Risk • Jun 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (฿1.37b market cap, or US$37.2m).Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿4.00, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 15x in the Logistics industry in Thailand. Total loss to shareholders of 55% over the past three years.Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿4.62, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 17x in the Logistics industry in Thailand. Total loss to shareholders of 49% over the past three years.공시 • Apr 27Leo Global Logistics Public Company Limited Approves Dividend for the Period from January 1, 2023 to December 31 2023, Payable on May 14, 2024Leo Global Logistics Public Company Limited at the AGM held on April 25, 2024, approved a dividend payment by cash at THB 0.16 per share for the period January 1, 2023 to December 31 2023. The company has determined the date on which the shareholders are entitled to receive the dividend to be on March 12, 2024 the dividend payment shall be made on May 14, 2024. Ex-Dividend date will be on March 11, 2024.Upcoming Dividend • Mar 04Upcoming dividend of ฿0.16 per shareEligible shareholders must have bought the stock before 11 March 2024. Payment date: 14 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.4%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (4.0%).공시 • Feb 28Leo Global Logistics Public Company Limited Proposes Dividend for the Period from January 1, 2023 to December 31 2023, Payable on May 14, 2024Leo Global Logistics Public Company Limited at the SBM held on February 23, 2024, the board had proposed to the AGM to approve a dividend payment by cash at THP 0.16 per share for the period January 1, 2023 to December 31 2023. The company has determined the date on which the shareholders are entitled to receive the dividend to be on March 12, 2024 the dividend payment shall be made on May 14, 2024.Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.27 (vs ฿0.95 in FY 2022)Full year 2023 results: EPS: ฿0.27 (down from ฿0.95 in FY 2022). Revenue: ฿1.37b (down 70% from FY 2022). Net income: ฿83.5m (down 73% from FY 2022). Profit margin: 6.1% (down from 6.8% in FY 2022). The decrease in margin was driven by lower revenue. 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 9% per year, which means it is significantly lagging earnings.공시 • Feb 27Leo Global Logistics Public Company Limited, Annual General Meeting, Apr 25, 2024Leo Global Logistics Public Company Limited, Annual General Meeting, Apr 25, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and certify the minutes of the 2023 AGM; to consider and acknowledge the operating results report for the year 2023; to approve the profit allocation and the dividend payment for the year 2023; and to discuss other matters.New Risk • Aug 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 8.4% 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 Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿1.89b market cap, or US$53.3m).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.31 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.06 (down from ฿0.31 in 2Q 2022). Revenue: ฿350.8m (down 74% from 2Q 2022). Net income: ฿18.8m (down 81% from 2Q 2022). Profit margin: 5.4% (down from 7.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Logistics industry in Thailand.Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿7.25, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Logistics industry in Asia. Total loss to shareholders of 30% over the past year.New Risk • Jul 07New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (฿2.21b market cap, or US$62.9m).Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿7.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Logistics industry in Asia. Total loss to shareholders of 41% over the past year.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.28 in 1Q 2022)First quarter 2023 results: EPS: ฿0.06 (down from ฿0.28 in 1Q 2022). Revenue: ฿332.3m (down 80% from 1Q 2022). Net income: ฿19.0m (down 79% from 1Q 2022). Profit margin: 5.7% (up from 5.4% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Logistics industry in Thailand.Upcoming Dividend • May 02Upcoming dividend of ฿0.20 per share at 5.3% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (6.9%).Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿7.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Logistics industry in Asia. Total loss to shareholders of 42% over the past year.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿9.40, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Logistics industry in Asia. Total loss to shareholders of 29% over the past year.Major Estimate Revision • Feb 22Consensus revenue estimates fall by 54%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿5.24b to ฿2.43b. EPS estimate fell from ฿1.14 to ฿0.47 per share. Net income forecast to shrink 47% next year vs 14% growth forecast for Logistics industry in Thailand . Consensus price target down from ฿13.20 to ฿9.80. Share price rose 2.5% to ฿12.10 over the past week.Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.34 (vs ฿0.16 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.34 (up from ฿0.16 in 3Q 2021). Revenue: ฿1.02b (down 5.7% from 3Q 2021). Net income: ฿107.4m (up 106% from 3Q 2021). Profit margin: 11% (up from 4.8% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Logistics industry in Thailand are expected to grow by 19%.Price Target Changed • Nov 16Price target decreased to ฿16.95Down from ฿21.80, the current price target is an average from 2 analysts. New target price is 31% above last closing price of ฿12.90. Stock is up 13% over the past year. The company is forecast to post earnings per share of ฿1.17 for next year compared to ฿0.62 last year.Board Change • Nov 16Insufficient new directorsNo 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. 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: Insufficient board refreshment.Price Target Changed • Nov 11Price target decreased to ฿16.95Down from ฿21.80, the current price target is an average from 2 analysts. New target price is 31% above last closing price of ฿12.90. Stock is up 9.3% over the past year. The company is forecast to post earnings per share of ฿1.06 for next year compared to ฿0.62 last year.Major Estimate Revision • Aug 21Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ฿4.87b to ฿5.73b. EPS estimate unchanged from ฿0.89 at last update. Logistics industry in Thailand expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at ฿21.75. Share price rose 4.0% to ฿12.90 over the past week.Upcoming Dividend • Aug 19Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 26 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (2.7%).Price Target Changed • Aug 17Price target decreased to ฿17.90Down from ฿20.70, the current price target is an average from 2 analysts. New target price is 40% above last closing price of ฿12.80. Stock is up 10% over the past year. The company is forecast to post earnings per share of ฿0.89 for next year compared to ฿0.62 last year.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: ฿0.31 (vs ฿0.13 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.31 (up from ฿0.13 in 2Q 2021). Revenue: ฿1.34b (up 139% from 2Q 2021). Net income: ฿99.8m (up 134% from 2Q 2021). Profit margin: 7.5% (down from 7.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 7.3% compared to a 3.7% growth forecast for the Logistics industry in Thailand.Reported Earnings • May 15First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ฿0.28 (up from ฿0.084 in 1Q 2021). Revenue: ฿1.65b (up 249% from 1Q 2021). Net income: ฿89.9m (up 233% from 1Q 2021). Profit margin: 5.4% (down from 5.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 3.5%. Over the next year, revenue is expected to shrink by 7.0% compared to a 4.5% growth forecast for the industry in Thailand.Upcoming Dividend • May 02Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (5.1%). In line with average of industry peers (2.5%).Price Target Changed • Apr 27Price target increased to ฿20.70Up from ฿17.00, the current price target is an average from 2 analysts. New target price is 52% above last closing price of ฿13.60. Stock is up 93% over the past year. The company is forecast to post earnings per share of ฿0.86 for next year compared to ฿0.62 last year.Board Change • Apr 27Insufficient new directorsNo 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. 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: Insufficient board refreshment.Reported Earnings • Feb 22Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.62 (up from ฿0.26 in FY 2020). Revenue: ฿3.37b (up 199% from FY 2020). Net income: ฿198.8m (up 250% from FY 2020). Profit margin: 5.9% (up from 5.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 3.6%. Over the next year, revenue is expected to shrink by 3.8% compared to a 13% growth forecast for the industry in Thailand.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿14.90, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 27x in the Logistics industry in Thailand. Total returns to shareholders of 136% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿24.13 per share.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.16 (vs ฿0.074 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿1.09b (up 331% from 3Q 2020). Net income: ฿52.3m (up 253% from 3Q 2020). Profit margin: 4.8% (down from 5.9% in 3Q 2020). The decrease in margin was driven by higher expenses.Upcoming Dividend • Aug 18Upcoming dividend of ฿0.07 per shareEligible shareholders must have bought the stock before 25 August 2021. Payment date: 09 September 2021. Trailing yield: 0.6%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (1.9%).Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.094 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿559.6m (up 81% from 2Q 2020). Net income: ฿42.7m (up 127% from 2Q 2020). Profit margin: 7.6% (up from 6.1% in 2Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿12.50, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 36x in the Logistics industry in Thailand. Simply Wall St's valuation model estimates the intrinsic value at ฿9.36 per share.Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿9.85, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 28x in the Logistics industry in Thailand. Simply Wall St's valuation model estimates the intrinsic value at ฿8.27 per share.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.084 (vs ฿0.047 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿473.9m (up 108% from 1Q 2020). Net income: ฿27.0m (up 190% from 1Q 2020). Profit margin: 5.7% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • May 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to ฿8.20, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 30x in the Logistics industry in Thailand. Simply Wall St's valuation model estimates the intrinsic value at ฿8.26 per share.Is New 90 Day High Low • Feb 24New 90-day high: ฿6.80The company is up 12% from its price of ฿6.05 on 26 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Logistics industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.63 per share.Reported Earnings • Nov 23Third quarter 2020 earnings released: EPS ฿0.07The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿252.3m (up 5.2% from 3Q 2019). Net income: ฿14.8m (up 175% from 3Q 2019). Profit margin: 5.9% (up from 2.2% in 3Q 2019). The increase in margin was driven by higher revenue.Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS ฿0.075The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿253.0m (up 5.5% from 3Q 2019). Net income: ฿15.1m (up 181% from 3Q 2019). Profit margin: 6.0% (up from 2.2% in 3Q 2019). The increase in margin was driven by higher revenue.공시 • Nov 06Leo Global Logistics Public Company Limited has completed an IPO in the amount of THB 410.4 million.Leo Global Logistics Public Company Limited has completed an IPO in the amount of THB 410.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 120,000,000 Price\Range: THB 3.42 Transaction Features: Reserved Share Offering매출 및 비용 세부 내역Leo Global Logistics가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SET:LEO 매출, 비용 및 순이익 (THB Millions)날짜매출순이익일반관리비연구개발비31 Mar 261,2968384031 Dec 251,3299378030 Sep 251,42830370030 Jun 251,59540383031 Mar 251,63046393031 Dec 241,63348396030 Sep 241,59864389030 Jun 241,41067378031 Mar 241,38975360031 Dec 231,37383358030 Sep 231,49562387030 Jun 232,192153389031 Mar 233,176234448031 Dec 224,495305504030 Sep 225,261374524030 Jun 225,323319535031 Mar 224,547262497031 Dec 213,370199434030 Sep 212,456136374030 Jun 211,62498335031 Mar 211,37575290031 Dec 201,12957271030 Sep 201,04050267030 Jun 201,01839263031 Mar 2099038268031 Dec 191,04446273031 Dec 181,05327259031 Dec 161,06031177031 Dec 15841311850양질의 수익: LEO는 고품질 수익을 보유하고 있습니다.이익 마진 증가: LEO의 현재 순 이익률 (0.6%)은 지난해 (2.8%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: LEO의 수익은 지난 5년 동안 연평균 34.3% 감소했습니다.성장 가속화: LEO은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: LEO은 지난 1년 동안 수익이 감소(-83.4%)하여 Logistics 업계 평균(-25%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: LEO의 자본 수익률(-1.7%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTransportation 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 16:46종가2026/05/22 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 소스Leo Global Logistics Public Company Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.024 (vs ฿0.028 in 1Q 2025)First quarter 2026 results: EPS: ฿0.024 (down from ฿0.028 in 1Q 2025). Revenue: ฿313.9m (down 9.3% from 1Q 2025). Net income: ฿7.51m (down 14% from 1Q 2025). Profit margin: 2.4% (down from 2.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ฿0.028 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.028 (down from ฿0.15 in FY 2024). Revenue: ฿1.33b (down 19% from FY 2024). Net income: ฿8.78m (down 82% from FY 2024). Profit margin: 0.7% (down from 2.9% in FY 2024). The decrease in margin was driven by lower revenue. 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 • Nov 12Third quarter 2025 earnings released: EPS: ฿0.007 (vs ฿0.04 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.007 (down from ฿0.04 in 3Q 2024). Revenue: ฿346.0m (down 33% from 3Q 2024). Net income: ฿2.31m (down 82% from 3Q 2024). Profit margin: 0.7% (down from 2.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.017 (vs ฿0.035 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.017 (down from ฿0.035 in 2Q 2024). Revenue: ฿337.3m (down 9.4% from 2Q 2024). Net income: ฿5.36m (down 52% from 2Q 2024). Profit margin: 1.6% (down from 3.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.028 (vs ฿0.033 in 1Q 2024)First quarter 2025 results: EPS: ฿0.028 (down from ฿0.033 in 1Q 2024). Revenue: ฿346.0m (flat on 1Q 2024). Net income: ฿8.67m (down 17% from 1Q 2024). Profit margin: 2.5% (down from 3.0% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 03Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.27 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.27 in FY 2023). Revenue: ฿1.63b (up 19% from FY 2023). Net income: ฿47.6m (down 43% from FY 2023). Profit margin: 2.9% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 47% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.024 (vs ฿0.028 in 1Q 2025)First quarter 2026 results: EPS: ฿0.024 (down from ฿0.028 in 1Q 2025). Revenue: ฿313.9m (down 9.3% from 1Q 2025). Net income: ฿7.51m (down 14% from 1Q 2025). Profit margin: 2.4% (down from 2.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.
Board Change • Mar 31Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Chalong Luengprasit was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • Feb 25Dividend reduced to ฿0.06Dividend of ฿0.06 is 57% lower than last year. Ex-date: 6th March 2026 Payment date: 8th May 2026 Dividend yield will be 3.1%, which is lower than the industry average of 7.4%. Sustainability & Growth Dividend is not covered by earnings (149% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 65% to bring the payout ratio under control. However, EPS has declined by 36% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: ฿0.028 (vs ฿0.15 in FY 2024)Full year 2025 results: EPS: ฿0.028 (down from ฿0.15 in FY 2024). Revenue: ฿1.33b (down 19% from FY 2024). Net income: ฿8.78m (down 82% from FY 2024). Profit margin: 0.7% (down from 2.9% in FY 2024). The decrease in margin was driven by lower revenue. 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.
공시 • Feb 24Leo Global Logistics Public Company Limited announces Annual dividend, payable on May 08, 2026Leo Global Logistics Public Company Limited announced Annual dividend of THB 0.0600 per share payable on May 08, 2026, ex-date on March 06, 2026 and record date on March 09, 2026.
공시 • Feb 23Leo Global Logistics Public Company Limited, Annual General Meeting, Apr 21, 2026Leo Global Logistics Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.
Buy Or Sell Opportunity • Feb 17Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 3.6% to ฿2.00. The fair value is estimated to be ฿1.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 45% over the last 3 years. Earnings per share has declined by 80%.
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: ฿0.007 (vs ฿0.04 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.007 (down from ฿0.04 in 3Q 2024). Revenue: ฿346.0m (down 33% from 3Q 2024). Net income: ฿2.31m (down 82% from 3Q 2024). Profit margin: 0.7% (down from 2.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Nov 06Now 20% overvaluedOver the last 90 days, the stock has fallen 7.1% to ฿1.97. The fair value is estimated to be ฿1.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 51% over the last 3 years. Earnings per share has declined by 76%.
Buy Or Sell Opportunity • Oct 07Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.0% to ฿2.04. The fair value is estimated to be ฿1.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 51% over the last 3 years. Earnings per share has declined by 76%.
Buy Or Sell Opportunity • Sep 11Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 5.0% to ฿2.12. The fair value is estimated to be ฿1.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 51% over the last 3 years. Earnings per share has declined by 76%.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.017 (vs ฿0.035 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.017 (down from ฿0.035 in 2Q 2024). Revenue: ฿337.3m (down 9.4% from 2Q 2024). Net income: ฿5.36m (down 52% from 2Q 2024). Profit margin: 1.6% (down from 3.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Jul 29Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to ฿2.12. The fair value is estimated to be ฿1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 52% over the last 3 years. Earnings per share has declined by 68%.
Buy Or Sell Opportunity • Jul 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to ฿2.10. The fair value is estimated to be ฿1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 52% over the last 3 years. Earnings per share has declined by 68%.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: ฿0.028 (vs ฿0.033 in 1Q 2024)First quarter 2025 results: EPS: ฿0.028 (down from ฿0.033 in 1Q 2024). Revenue: ฿346.0m (flat on 1Q 2024). Net income: ฿8.67m (down 17% from 1Q 2024). Profit margin: 2.5% (down from 3.0% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • May 14Now 24% overvaluedOver the last 90 days, the stock has fallen 6.1% to ฿2.16. The fair value is estimated to be ฿1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Earnings per share has declined by 56%.
공시 • Apr 25Leo Global Logistics Public Company Limited Appoints Chalong Luengprasit as Independent Director and Member to Audit Committee and Nomination and Remuneration CommitteeLeo Global Logistics Public Company Limited at its AGM held on April 24, 2025, approved appointment of Mr. Chalong Luengprasit to be the Independent Director/Member of the Audit Committee/Member of the Nomination and Remuneration Committee.
New Risk • Mar 09New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 93% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. High level of non-cash earnings (20% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (฿762.5m market cap, or US$22.6m).
Reported Earnings • Mar 03Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.27 in FY 2023)Full year 2024 results: EPS: ฿0.15 (down from ฿0.27 in FY 2023). Revenue: ฿1.63b (up 19% from FY 2023). Net income: ฿47.6m (down 43% from FY 2023). Profit margin: 2.9% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 47% per year, which means it has not declined as severely as earnings.
공시 • Mar 01+ 1 more updateLeo Global Logistics Public Company Limited Proposes Cash Dividend from Operating Period During January 1, 2024 to December 31, 2024, Payable on May 14, 2025Leo Global Logistics Public Company Limited proposed cash dividend of THB 0.14 per share from operating period during January 1, 2024 to December 31, 2024, payable on May 14, 2025. Record date is March 14, 2025. Ex-dividend is March 13, 2025.
New Risk • Jan 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.3% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.3% average weekly change). High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿614.4m market cap, or US$17.8m).
Buy Or Sell Opportunity • Jan 17Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 50% to ฿1.95. The fair value is estimated to be ฿2.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Earnings per share has declined by 41%.
Buy Or Sell Opportunity • Dec 25Now 22% overvaluedOver the last 90 days, the stock has fallen 26% to ฿3.06. The fair value is estimated to be ฿2.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Earnings per share has declined by 41%.
New Risk • Nov 14New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿1.19b market cap, or US$34.0m).
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.052 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.04 (down from ฿0.052 in 3Q 2023). Revenue: ฿513.5m (up 58% from 3Q 2023). Net income: ฿12.7m (down 22% from 3Q 2023). Profit margin: 2.5% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% 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.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.035 (vs ฿0.06 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.035 (down from ฿0.06 in 2Q 2023). Revenue: ฿372.4m (up 6.1% from 2Q 2023). Net income: ฿11.1m (down 41% from 2Q 2023). Profit margin: 3.0% (down from 5.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.
New Risk • Jun 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (฿1.37b market cap, or US$37.2m).
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿4.00, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 15x in the Logistics industry in Thailand. Total loss to shareholders of 55% over the past three years.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿4.62, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 17x in the Logistics industry in Thailand. Total loss to shareholders of 49% over the past three years.
공시 • Apr 27Leo Global Logistics Public Company Limited Approves Dividend for the Period from January 1, 2023 to December 31 2023, Payable on May 14, 2024Leo Global Logistics Public Company Limited at the AGM held on April 25, 2024, approved a dividend payment by cash at THB 0.16 per share for the period January 1, 2023 to December 31 2023. The company has determined the date on which the shareholders are entitled to receive the dividend to be on March 12, 2024 the dividend payment shall be made on May 14, 2024. Ex-Dividend date will be on March 11, 2024.
Upcoming Dividend • Mar 04Upcoming dividend of ฿0.16 per shareEligible shareholders must have bought the stock before 11 March 2024. Payment date: 14 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.4%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (4.0%).
공시 • Feb 28Leo Global Logistics Public Company Limited Proposes Dividend for the Period from January 1, 2023 to December 31 2023, Payable on May 14, 2024Leo Global Logistics Public Company Limited at the SBM held on February 23, 2024, the board had proposed to the AGM to approve a dividend payment by cash at THP 0.16 per share for the period January 1, 2023 to December 31 2023. The company has determined the date on which the shareholders are entitled to receive the dividend to be on March 12, 2024 the dividend payment shall be made on May 14, 2024.
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.27 (vs ฿0.95 in FY 2022)Full year 2023 results: EPS: ฿0.27 (down from ฿0.95 in FY 2022). Revenue: ฿1.37b (down 70% from FY 2022). Net income: ฿83.5m (down 73% from FY 2022). Profit margin: 6.1% (down from 6.8% in FY 2022). The decrease in margin was driven by lower revenue. 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 9% per year, which means it is significantly lagging earnings.
공시 • Feb 27Leo Global Logistics Public Company Limited, Annual General Meeting, Apr 25, 2024Leo Global Logistics Public Company Limited, Annual General Meeting, Apr 25, 2024, at 10:00 SE Asia Standard Time. Agenda: To consider and certify the minutes of the 2023 AGM; to consider and acknowledge the operating results report for the year 2023; to approve the profit allocation and the dividend payment for the year 2023; and to discuss other matters.
New Risk • Aug 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 8.4% 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 Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿1.89b market cap, or US$53.3m).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.31 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.06 (down from ฿0.31 in 2Q 2022). Revenue: ฿350.8m (down 74% from 2Q 2022). Net income: ฿18.8m (down 81% from 2Q 2022). Profit margin: 5.4% (down from 7.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Logistics industry in Thailand.
Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ฿7.25, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Logistics industry in Asia. Total loss to shareholders of 30% over the past year.
New Risk • Jul 07New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (฿2.21b market cap, or US$62.9m).
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ฿7.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Logistics industry in Asia. Total loss to shareholders of 41% over the past year.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.28 in 1Q 2022)First quarter 2023 results: EPS: ฿0.06 (down from ฿0.28 in 1Q 2022). Revenue: ฿332.3m (down 80% from 1Q 2022). Net income: ฿19.0m (down 79% from 1Q 2022). Profit margin: 5.7% (up from 5.4% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Logistics industry in Thailand.
Upcoming Dividend • May 02Upcoming dividend of ฿0.20 per share at 5.3% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (6.9%).
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿7.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Logistics industry in Asia. Total loss to shareholders of 42% over the past year.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿9.40, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Logistics industry in Asia. Total loss to shareholders of 29% over the past year.
Major Estimate Revision • Feb 22Consensus revenue estimates fall by 54%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿5.24b to ฿2.43b. EPS estimate fell from ฿1.14 to ฿0.47 per share. Net income forecast to shrink 47% next year vs 14% growth forecast for Logistics industry in Thailand . Consensus price target down from ฿13.20 to ฿9.80. Share price rose 2.5% to ฿12.10 over the past week.
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.34 (vs ฿0.16 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.34 (up from ฿0.16 in 3Q 2021). Revenue: ฿1.02b (down 5.7% from 3Q 2021). Net income: ฿107.4m (up 106% from 3Q 2021). Profit margin: 11% (up from 4.8% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Logistics industry in Thailand are expected to grow by 19%.
Price Target Changed • Nov 16Price target decreased to ฿16.95Down from ฿21.80, the current price target is an average from 2 analysts. New target price is 31% above last closing price of ฿12.90. Stock is up 13% over the past year. The company is forecast to post earnings per share of ฿1.17 for next year compared to ฿0.62 last year.
Board Change • Nov 16Insufficient new directorsNo 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. 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: Insufficient board refreshment.
Price Target Changed • Nov 11Price target decreased to ฿16.95Down from ฿21.80, the current price target is an average from 2 analysts. New target price is 31% above last closing price of ฿12.90. Stock is up 9.3% over the past year. The company is forecast to post earnings per share of ฿1.06 for next year compared to ฿0.62 last year.
Major Estimate Revision • Aug 21Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ฿4.87b to ฿5.73b. EPS estimate unchanged from ฿0.89 at last update. Logistics industry in Thailand expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at ฿21.75. Share price rose 4.0% to ฿12.90 over the past week.
Upcoming Dividend • Aug 19Upcoming dividend of ฿0.20 per shareEligible shareholders must have bought the stock before 26 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (2.7%).
Price Target Changed • Aug 17Price target decreased to ฿17.90Down from ฿20.70, the current price target is an average from 2 analysts. New target price is 40% above last closing price of ฿12.80. Stock is up 10% over the past year. The company is forecast to post earnings per share of ฿0.89 for next year compared to ฿0.62 last year.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: ฿0.31 (vs ฿0.13 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.31 (up from ฿0.13 in 2Q 2021). Revenue: ฿1.34b (up 139% from 2Q 2021). Net income: ฿99.8m (up 134% from 2Q 2021). Profit margin: 7.5% (down from 7.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 7.3% compared to a 3.7% growth forecast for the Logistics industry in Thailand.
Reported Earnings • May 15First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ฿0.28 (up from ฿0.084 in 1Q 2021). Revenue: ฿1.65b (up 249% from 1Q 2021). Net income: ฿89.9m (up 233% from 1Q 2021). Profit margin: 5.4% (down from 5.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 3.5%. Over the next year, revenue is expected to shrink by 7.0% compared to a 4.5% growth forecast for the industry in Thailand.
Upcoming Dividend • May 02Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (5.1%). In line with average of industry peers (2.5%).
Price Target Changed • Apr 27Price target increased to ฿20.70Up from ฿17.00, the current price target is an average from 2 analysts. New target price is 52% above last closing price of ฿13.60. Stock is up 93% over the past year. The company is forecast to post earnings per share of ฿0.86 for next year compared to ฿0.62 last year.
Board Change • Apr 27Insufficient new directorsNo 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. 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: Insufficient board refreshment.
Reported Earnings • Feb 22Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: ฿0.62 (up from ฿0.26 in FY 2020). Revenue: ฿3.37b (up 199% from FY 2020). Net income: ฿198.8m (up 250% from FY 2020). Profit margin: 5.9% (up from 5.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 3.6%. Over the next year, revenue is expected to shrink by 3.8% compared to a 13% growth forecast for the industry in Thailand.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿14.90, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 27x in the Logistics industry in Thailand. Total returns to shareholders of 136% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿24.13 per share.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.16 (vs ฿0.074 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿1.09b (up 331% from 3Q 2020). Net income: ฿52.3m (up 253% from 3Q 2020). Profit margin: 4.8% (down from 5.9% in 3Q 2020). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Aug 18Upcoming dividend of ฿0.07 per shareEligible shareholders must have bought the stock before 25 August 2021. Payment date: 09 September 2021. Trailing yield: 0.6%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (1.9%).
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.094 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿559.6m (up 81% from 2Q 2020). Net income: ฿42.7m (up 127% from 2Q 2020). Profit margin: 7.6% (up from 6.1% in 2Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿12.50, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 36x in the Logistics industry in Thailand. Simply Wall St's valuation model estimates the intrinsic value at ฿9.36 per share.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿9.85, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 28x in the Logistics industry in Thailand. Simply Wall St's valuation model estimates the intrinsic value at ฿8.27 per share.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.084 (vs ฿0.047 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿473.9m (up 108% from 1Q 2020). Net income: ฿27.0m (up 190% from 1Q 2020). Profit margin: 5.7% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • May 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to ฿8.20, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 30x in the Logistics industry in Thailand. Simply Wall St's valuation model estimates the intrinsic value at ฿8.26 per share.
Is New 90 Day High Low • Feb 24New 90-day high: ฿6.80The company is up 12% from its price of ฿6.05 on 26 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Logistics industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿2.63 per share.
Reported Earnings • Nov 23Third quarter 2020 earnings released: EPS ฿0.07The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿252.3m (up 5.2% from 3Q 2019). Net income: ฿14.8m (up 175% from 3Q 2019). Profit margin: 5.9% (up from 2.2% in 3Q 2019). The increase in margin was driven by higher revenue.
Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS ฿0.075The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿253.0m (up 5.5% from 3Q 2019). Net income: ฿15.1m (up 181% from 3Q 2019). Profit margin: 6.0% (up from 2.2% in 3Q 2019). The increase in margin was driven by higher revenue.
공시 • Nov 06Leo Global Logistics Public Company Limited has completed an IPO in the amount of THB 410.4 million.Leo Global Logistics Public Company Limited has completed an IPO in the amount of THB 410.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 120,000,000 Price\Range: THB 3.42 Transaction Features: Reserved Share Offering