Declared Dividend • May 30First quarter dividend of ฿0.18 announcedShareholders will receive a dividend of ฿0.18. Ex-date: 8th June 2026 Payment date: 24th June 2026 Dividend yield will be 13%, which is higher than the industry average of 8.4%.
New Risk • May 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 79% Last year net profit margin: 131% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (79% net profit margin). Market cap is less than US$100m (฿1.75b market cap, or US$53.9m).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: ฿0.21 (vs ฿0.52 in 1Q 2025)First quarter 2026 results: EPS: ฿0.21 (down from ฿0.52 in 1Q 2025). Revenue: ฿89.4m (up 11% from 1Q 2025). Net income: ฿70.9m (down 58% from 1Q 2025). Profit margin: 79% (down from 212% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.