New Risk • Apr 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿262.6m (US$8.13m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (43% average weekly change). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (฿262.6m market cap, or US$8.13m). 공지 • Mar 11
Green Tech Ventures Public Company Limited, Annual General Meeting, Apr 21, 2026 Green Tech Ventures Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time. Reported Earnings • Mar 02
Full year 2025 earnings released: ฿0.001 loss per share (vs ฿0.011 loss in FY 2024) Full year 2025 results: ฿0.001 loss per share (improved from ฿0.011 loss in FY 2024). Net loss: ฿10.1m (loss narrowed 93% from FY 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.002 loss in 3Q 2024) Third quarter 2025 results: EPS: ฿0 (improved from ฿0.002 loss in 3Q 2024). Net loss: ฿2.64m (loss narrowed 90% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 04
Now 36% undervalued after recent price drop Over the last 90 days, the stock has fallen 56% to ฿0.04. The fair value is estimated to be ฿0.062, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 23%. Buy Or Sell Opportunity • Oct 15
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 44% to ฿0.05. The fair value is estimated to be ฿0.066, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 23%. Buy Or Sell Opportunity • Sep 20
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ฿0.09. The fair value is estimated to be ฿0.075, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 23%. Buy Or Sell Opportunity • Sep 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ฿0.09. The fair value is estimated to be ฿0.074, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 23%. 공지 • Sep 01
Green Tech Ventures Public Company Limited Announces Chief Financial Changes, Effective August 29, 2025 Green Tech Ventures Public Company Limited announced termination of Mr. Yanaphat Singsathit as Chief financial officer, with effect from August 29, 2025. The company announced appointment of Teemanus Kiatdechpanya as Acting Chief financial officer, effective August 29, 2025. Buy Or Sell Opportunity • Aug 19
Now 21% overvalued Over the last 90 days, the stock has fallen 10.0% to ฿0.09. The fair value is estimated to be ฿0.074, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 23%. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.001 (vs ฿0.003 loss in 2Q 2024) Second quarter 2025 results: EPS: ฿0.001 (up from ฿0.003 loss in 2Q 2024). Revenue: ฿61.4m (down 59% from 2Q 2024). Net income: ฿8.03m (up ฿44.1m from 2Q 2024). Profit margin: 13% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.001 (vs ฿0.002 in 1Q 2024) First quarter 2025 results: EPS: ฿0.001 (down from ฿0.002 in 1Q 2024). Revenue: ฿70.2m (down 66% from 1Q 2024). Net income: ฿12.2m (down 57% from 1Q 2024). Profit margin: 17% (up from 14% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 06
Full year 2024 earnings released: ฿0.011 loss per share (vs ฿0.11 loss in FY 2023) Full year 2024 results: ฿0.011 loss per share (improved from ฿0.11 loss in FY 2023). Revenue: ฿519.6m (down 23% from FY 2023). Net loss: ฿140.0m (loss narrowed 90% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance. 공지 • Mar 03
Green Tech Ventures Public Company Limited, Annual General Meeting, Apr 29, 2025 Green Tech Ventures Public Company Limited, Annual General Meeting, Apr 29, 2025, at 10:00 SE Asia Standard Time. Reported Earnings • Aug 14
Second quarter 2024 earnings released: ฿0.003 loss per share (vs ฿0.021 loss in 2Q 2023) Second quarter 2024 results: ฿0.003 loss per share (improved from ฿0.021 loss in 2Q 2023). Revenue: ฿149.2m (down 24% from 2Q 2023). Net loss: ฿36.1m (loss narrowed 87% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. 공지 • May 17
Green Tech Ventures Public Company Limited Appoints Krittanant Sungthong as Director According to the Board Meeting No.7/2024, dated May 14, 2024 the Board of Directors of Green Tech Ventures Public Company Limited had the resolution of the appointment of Mrs. Krittanant Sungthong as the Director of the company to replace Mr. Paiboon Samit-at which is effective on May 14, 2024 onwards. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿13.79 (vs ฿0 in 1Q 2023) First quarter 2024 results: EPS: ฿13.79 (up from ฿0 in 1Q 2023). Revenue: ฿208.8m (up 114% from 1Q 2023). Net income: ฿181.1m (up ฿183.4m from 1Q 2023). Profit margin: 87% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. 공지 • May 11
Green Tech Ventures Public Company Limited Announces Resignation of Paiboon Samit-At as Director Green Tech Ventures Public Company Limited informed the resignation of Mr. Paiboon Samit-at, Director of Green Tech Ventures Public Company Limited. His resignation is due to other duties. The resignation is effective from May 9, 2024. 공지 • Mar 16
Green Tech Ventures Public Company Limited Appoints Wipaporn Pokam as Chief Financial Officer Green Tech Ventures Public Company Limited announced the termination of Miss Wipaporn Pokam as acting chief financial officer. Effective Date of Termination: 29 February 2024 and appointment of Miss Wipaporn Pokam as Chief Financial Officer. Effective Date of Appointment: 29 February 2024. 공지 • Mar 15
Green Tech Ventures Public Company Limited Announces Change of Designation of Huynh Minh Tuan from Independent Director to Director Green Tech Ventures Public Company Limited at the Board Meeting dated March 14, 2024, the Board of Directors had the approve change the position of Mr. Huynh Minh Tuan as follows: Current position: Director, independent director to New position: Director. The amendment will be effective on 14 March, 2024. 공지 • Mar 09
Green Tech Ventures Public Company Limited, Annual General Meeting, Apr 29, 2024 Green Tech Ventures Public Company Limited, Annual General Meeting, Apr 29, 2024, at 10:00 SE Asia Standard Time. Agenda: To certify the minutes of Annual General Meeting of Shareholders held on 15 May 2023; to acknowledge the annual report of the Board of Directors on the result of the Company's business operation for the year 2023; to consider and approve the financial statements for the fiscal year ended 31 December 2023; to consider and approve the remuneration of the Directors for the year 2024; to consider and approve the appointment of auditors and the audit fee for the fiscal year 2024; and to consider other matters. Reported Earnings • Mar 03
Full year 2023 earnings released: ฿0.11 loss per share (vs ฿0.016 loss in FY 2022) Full year 2023 results: ฿0.11 loss per share (further deteriorated from ฿0.016 loss in FY 2022). Revenue: ฿677.7m (up 119% from FY 2022). Net loss: ฿1.41b (loss widened ฿1.20b from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. 공지 • Mar 01
Green Tech Ventures Public Company Limited Announces Board Changes, Effective on February 29, 2024 Green Tech Ventures Public Company Limited at the Board Meeting dated February 29, 2024, the Board of Directors had the resolved the appointment of Mr. Huynh Minh Tuan as the Independent Director of the company to replace Mr. Chiridacha Phungsunthorn which is effective on February 29, 2024 onwards. 공지 • Nov 15
Green Tech Ventures Public Company Limited Announces the Appointment of Mathee Pinyochotiwong as Member of Audit Committee The Board of Directors meeting of Green Tech Ventures Public Company Limited No.9/2023, dated November 10, 2023 had the resolution of the appointment of Mr. Mathee Pinyochotiwong as the Audit Committee as follows: Current position: Director and the audit committee. New position: Director, independent director and the audit committee. The change will be effective on 10 November, 2023. The audit committee is consisted of: Mr. Thawom Pompanussri, Chairman of the Audit Committee; Gen. Supamanat Parapob, Member of the Audit Committee; Mathee Pinyochotiwong, Member of the Audit Committee. Secretary of the Audit Committee: Mrs. Krittanant Sungthong. Reported Earnings • Nov 14
Third quarter 2023 earnings released: ฿0.01 loss per share (vs ฿0.002 profit in 3Q 2022) Third quarter 2023 results: ฿0.01 loss per share (down from ฿0.002 profit in 3Q 2022). Revenue: ฿180.8m (up 132% from 3Q 2022). Net loss: ฿136.3m (down ฿155.5m from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. 공지 • Oct 06
Green Tech Ventures Public Company Limited Informs Resignation of Chiridacha Phungsunthorn as Director, Independent Director and Audit Committee Green Tech Ventures Public Company Limited informed the resignation of Mr. Chiridacha Phungsunthorn, Director, Independent Director and Audit Committee of Green Tech Ventures Public Company Limited. His resignation is due to health problems. The resignation is effective from October 6, 2023. Board Change • Sep 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Thaworn Pornpanussri is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿2.36b market cap, or US$67.3m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: ฿0.021 loss per share (vs ฿0.002 profit in 2Q 2022) Second quarter 2023 results: ฿0.021 loss per share (down from ฿0.002 profit in 2Q 2022). Revenue: ฿195.8m (up 149% from 2Q 2022). Net loss: ฿276.4m (down ฿297.1m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. 공지 • Aug 12
Green Tech Ventures Public Company Limited Appoints Wipaporn Pokam as Acting Chief Financial Officer Green Tech Ventures Public Company Limited announced the appointment of Wipaporn Pokam as Acting Chief Financial Officer. Effective Date of Appointment August 11, 2023. Reported Earnings • May 19
First quarter 2023 earnings released First quarter 2023 results: Net loss: ฿2.37m (loss narrowed 74% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. 공지 • May 05
Green Tech Ventures Public Company Limited Announces Resignation of John Edward Mc Cosh as Director Green Tech Ventures Public Company Limited announced the resignation of Mr. John Edward Mc Cosh, Director of Green Tech Ventures Public Company Limited. His resignation is due to other duties. The resignation is effective from May 2, 2023. The Board of Director is in progress of appointing a new eligible director to substitute the vacancy. 공지 • Jan 12
United Power of Asia Public Company Limited Announces the Resignation of Kawin Chalermroj as Director United Power of Asia Public Company Limited announced the resignation of Mr. Kawin Chalermroj, Director of United Power of Asia Public Company Limited. His resignation is due to other duties. The resignation is effective from January 11, 2023. 공지 • Dec 28
United Power of Asia Public Company Limited Announces Appointment of General Supamanat Parapob as Independent Director United Power of Asia Public Company Limited announced that According to the Board Meeting No.7/2022, dated December 27, 2022 the Board of Directors had the resolution of the appointment of General Supamanat Parapob, Ph.D. as the Independent Director and the Audit Committee of the company to replace Mr. Tirawat Sucharitakul which is effective on December 27, 2022 onwards. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ฿0.002 (vs ฿0 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.002 (up from ฿0 in 3Q 2021). Revenue: ฿77.9m (down 25% from 3Q 2021). Net income: ฿19.1m (up ฿17.7m from 3Q 2021). Profit margin: 25% (up from 1.4% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 공지 • Nov 16
United Power of Asia Public Company Announces the Resignation of Mr. Tirawat Sucharitakul, Chairman of the Board of Directors, Director, Independent Director and Audit Committee United Power of Asia Public Company Limited announced the resignation of Mr. Tirawat Sucharitakul, Chairman of the Board of Directors, Director, Independent Director and Audit Committee. His resignation is due to other duties. The resignation is effective from November 21, 2022. The Board of Director is in progress of appointing a new eligible director to substitute the vacancy. 공지 • Oct 30
United Power of Asia Public Company Limited, Annual General Meeting, Nov 01, 2022 United Power of Asia Public Company Limited, Annual General Meeting, Nov 01, 2022. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: ฿0.002 (vs ฿0 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.002 (up from ฿0 in 2Q 2021). Net income: ฿20.8m (up ฿20.8m from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 공지 • Mar 03
United Power of Asia Public Company Limited, Annual General Meeting, Apr 29, 2022 United Power of Asia Public Company Limited, Annual General Meeting, Apr 29, 2022, at 03:00 Coordinated Universal Time. Agenda: To certify the minutes of Extraordinary General Meeting of Shareholders No. 1/2021 held on Friday, November 5, 2021; to acknowledge the annual report of the Board of Directors on the result of the Company's business operation for the year 2021; to consider and approve the financial statements for the fiscal year ended December 31, 2021; to consider and approve suspension of the allocation of the profit to the reserve fund as prescribed by law and the suspension of the dividend payment for the result of the operation in the year 2021; to consider and approve the appointment of the Directors to replace those who completed the term for the year 2022; to consider and approve the remuneration of the Directors for the year 2022; and to transact other matters. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿0.001 loss per share (up from ฿0.012 loss in FY 2020). Net loss: ฿12.2m (loss narrowed 86% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Thaworn Pornpanussri was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Jul 02
Director Thevarak Rochanapruk has left the company On the 24th of June, Thevarak Rochanapruk's tenure as Director ended after 2.0 years in the role. We don't have any record of a personal shareholding under Thevarak's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.58 years. Reported Earnings • Mar 03
Full year 2020 earnings released Full year 2020 results: Net loss: ฿84.8m (loss widened 33% from FY 2019). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 14
New 90-day high: ฿0.28 The company is up 56% from its price of ฿0.18 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 28% over the same period. Is New 90 Day High Low • Nov 30
New 90-day high: ฿0.26 The company is up 37% from its price of ฿0.19 on 01 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 9.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: ฿0.002 loss per share Third quarter 2020 results: Net loss: ฿10.8m (loss narrowed 55% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. 공지 • Nov 13
United Power of Asia Public Company Announces Board Changes The Board of Directors of United Power of Asia Public Company had the resolution of the appointment of Mr.Thaworn Pornpanussri as the Independent Director and Chairman of the Audit Committee of the company to replace Mr. Ratsarun Munsan which is effective on November 12, 2020 onwards.