Reported Earnings • May 16
First quarter 2026 earnings released: EPS: ฿0.19 (vs ฿0.12 in 1Q 2025) First quarter 2026 results: EPS: ฿0.19 (up from ฿0.12 in 1Q 2025). Revenue: ฿1.28b (down 4.8% from 1Q 2025). Net income: ฿84.8m (up 68% from 1Q 2025). Profit margin: 6.6% (up from 3.8% in 1Q 2025). The increase in margin was driven by lower expenses. 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 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 02
Upcoming dividend of ฿0.22 per share Eligible shareholders must have bought the stock before 09 April 2026. Payment date: 30 April 2026. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 8.9%. Within top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (6.5%). Declared Dividend • Feb 21
Final dividend of ฿0.22 announced Shareholders will receive a dividend of ฿0.22. Ex-date: 9th April 2026 Payment date: 30th April 2026 Dividend yield will be 9.2%, which is higher than the industry average of 7.1%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.6% to bring the payout ratio under control, which is less than the 7.5% EPS growth achieved over the last 5 years. Announcement • Feb 20
Global Connections Public Company Limited, Annual General Meeting, Apr 01, 2026 Global Connections Public Company Limited, Annual General Meeting, Apr 01, 2026, at 09:30 SE Asia Standard Time. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: ฿0.13 (vs ฿0.092 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.13 (up from ฿0.092 in 3Q 2024). Revenue: ฿1.31b (down 8.8% from 3Q 2024). Net income: ฿57.0m (up 40% from 3Q 2024). Profit margin: 4.3% (up from 2.8% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 08
First half dividend of ฿0.19 announced Shareholders will receive a dividend of ฿0.19. Ex-date: 21st August 2025 Payment date: 5th September 2025 Dividend yield will be 9.5%, which is higher than the industry average of 7.1%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: ฿0.11 (vs ฿0.096 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.11 (up from ฿0.096 in 2Q 2024). Revenue: ฿1.40b (down 12% from 2Q 2024). Net income: ฿46.5m (up 8.0% from 2Q 2024). Profit margin: 3.3% (up from 2.7% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: ฿0.12 (vs ฿0.13 in 1Q 2024) First quarter 2025 results: EPS: ฿0.12 (down from ฿0.13 in 1Q 2024). Revenue: ฿1.34b (down 13% from 1Q 2024). Net income: ฿50.6m (down 16% from 1Q 2024). Profit margin: 3.8% (down from 3.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Announcement • Apr 04
Global Connections Public Company Limited Appoints Mongkol Pruekwatana as Member of Audit Committee, Effective April 2, 2025 Global Connections Public Company Limited announced appointment of Mr. MONGKOL PRUEKWATANA as Member of Audit Committee, effective April 2, 2025. The Audit Committee is comprised of several key positions. The CHAIRMAN OF THE AUDIT COMMITTEE is Mr. SUCHART SUPHAYAK, who has a remaining term in office of 1 year. The committee also includes Mr. CHANITR CHARNCHAINARONG, who serves as an AUDIT COMMITTEE member with a remaining term of 1 year. Another member of the AUDIT COMMITTEE is Mr. MONGKOL PRUEKWATANA, who similarly has a remaining term of 1 year. Lastly, the SECRETARY OF THE AUDIT COMMITTEE is Miss AROONJIT TREESITTICHATE, whose remaining term in office is not specified. Announcement • Apr 03
Global Connections Public Company Limited Announces Executive Changes Global Connections Public Company Limited announced the termination of Wandee Kaeoprasertsuk, position of chief accountant: Accounting Supervisor, effective date of termination is March 31, 2025. The company also announced the appointment of Chucheep Kanitsorn as Position of Chief Accountant Finance & Accounting Senior Manager. Effective Date of Appointment is 01-Apr-2025. Upcoming Dividend • Apr 03
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 10 April 2025. Payment date: 30 April 2025. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 8.1%. Within top quartile of Thai dividend payers (7.7%). In line with average of industry peers (9.0%). Declared Dividend • Feb 21
Final dividend increased to ฿0.20 Dividend of ฿0.20 is 25% higher than last year. Ex-date: 10th April 2025 Payment date: 30th April 2025 Dividend yield will be 7.9%, which is higher than the industry average of 7.1%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) nor is it covered by cash flows (307% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.5% to bring the payout ratio under control, which is less than the 11% EPS growth achieved over the last 5 years. New Risk • Feb 20
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 92% Cash payout ratio: 307% Dividend yield: 8.0% 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 (7.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 92% Cash payout ratio: 307% Minor Risk Market cap is less than US$100m (฿2.19b market cap, or US$65.2m). Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: ฿0.09 (vs ฿0.095 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.09 (down from ฿0.095 in 3Q 2023). Revenue: ฿1.44b (up 19% from 3Q 2023). Net income: ฿40.7m (down 2.8% from 3Q 2023). Profit margin: 2.8% (down from 3.5% 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 2% per year whereas the company’s share price has increased by 2% per year. Upcoming Dividend • Aug 16
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 21 August 2024. Payment date: 06 September 2024. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 7.1%. Within top quartile of Thai dividend payers (7.0%). Lower than average of industry peers (7.9%). Declared Dividend • Aug 10
First half dividend of ฿0.20 announced Dividend of ฿0.20 is the same as last year. Ex-date: 21st August 2024 Payment date: 6th September 2024 Dividend yield will be 7.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but 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 9.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.08 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.10 (up from ฿0.08 in 2Q 2023). Revenue: ฿1.59b (up 27% from 2Q 2023). Net income: ฿43.0m (up 18% from 2Q 2023). Profit margin: 2.7% (down from 2.9% 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 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Aug 07
Global Connections Public Company Limited Announces Interim Cash Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on September 6, 2024 Global Connections Public Company Limited announced cash dividend of THB 0.20 per common share for the operating period from January 1, 2024 to June 30, 2024. Record date for the right to receive dividends: August 22, 2024. Ex-dividend date: August 21, 2024. Payment date: September 6, 2024. Date of Board resolution: August 7, 2024. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: ฿0.14 (vs ฿0.17 in 1Q 2023) First quarter 2024 results: EPS: ฿0.14 (down from ฿0.17 in 1Q 2023). Revenue: ฿1.55b (up 14% from 1Q 2023). Net income: ฿60.2m (down 17% from 1Q 2023). Profit margin: 3.9% (down from 5.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Apr 05
Upcoming dividend of ฿0.16 per share Eligible shareholders must have bought the stock before 12 April 2024. Payment date: 30 April 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 6.7%. Within top quartile of Thai dividend payers (5.9%). In line with average of industry peers (6.9%). Announcement • Apr 03
Global Connections Public Company Limited Approves Dividend for the Fiscal Year 2023, Payable on April 30, 2024 Global Connections Public Company Limited announced that at its AGM held on April 3, 2024, approved the company's dividend payment for performance of fiscal year 2023 to shareholders 439,999,864 shares at the rate of THB 0.36 per share, totaling THB 158 million. The company has paid the interim dividend at the rate of THB 0.20 per share, totaling THB 88 million on 8 September 2023. Therefore, the dividend to be paid at this time shall be at the rate of THB 0.16 per share to shareholders 439,999,864 shares, totaling THB 70 million, whereby the shareholders' right to receive dividend shall be recorded on 17 April 2024 and the dividend will be paid to the shareholders on 30 April 2024. Announcement • Mar 22
Global Connections Public Company Limited to Report Q1, 2024 Results on May 06, 2024 Global Connections Public Company Limited announced that they will report Q1, 2024 results on May 06, 2024 Declared Dividend • Feb 16
Final dividend increased to ฿0.16 Dividend of ฿0.16 is 6.7% higher than last year. Ex-date: 12th April 2024 Payment date: 30th April 2024 Dividend yield will be 6.7%, which is lower than the industry average of 7.1%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 15
Global Connections Public Company Limited, Annual General Meeting, Apr 03, 2024 Global Connections Public Company Limited, Annual General Meeting, Apr 03, 2024, at 21:30 SE Asia Standard Time. Agenda: To consider approving the minutes of the 2023 Annual General Meeting of Shareholders; to acknowledge the Board of Directors' report on the Company's business performance in 2023; to consider approving the Statement of financial position and the Statement of comprehensive income for the fiscal year ending December 31, 2023; to consider the appropriation of net profit and dividend payment for the year 2023; and to consider appointing the directors in the replacement of the retiring directors. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: ฿0.42 (vs ฿0.37 in FY 2022) Full year 2023 results: EPS: ฿0.42 (up from ฿0.37 in FY 2022). Revenue: ฿5.11b (down 7.6% from FY 2022). Net income: ฿186.3m (up 14% from FY 2022). Profit margin: 3.6% (up from 3.0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 14
Global Connections Public Company Limited Proposes Dividend for Fiscal Year 2023, Payable on April 30, 2024 Global Connections Public Company Limited at its AGM to be held on April 03, 2024 proposed to the shareholders meeting to consider and approve dividend payment for the performance of the fiscal year 2023 to the shareholders of 439,999,864 shares at THB 0.36 per share totaling THB 158,399,871.04 (85% of net profit for the year). The interim dividends were paid by the company on September 8, 2023 at THB 0.20 per share totaling THB 87,999,892.80. The balance dividends from the net profit for six months (1 July - 31 December) will be paid at THB 0.16 per share totaling THB 70,399,978.24 to all shareholders whose register book for the right to receive dividend shall be recorded on April 17, 2024 and the dividend will be paid to the shareholders on April 30, 2024. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.057 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.10 (up from ฿0.057 in 3Q 2022). Revenue: ฿1.21b (down 5.8% from 3Q 2022). Net income: ฿41.9m (up 66% from 3Q 2022). Profit margin: 3.5% (up from 2.0% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 16
Upcoming dividend of ฿0.20 per share at 6.4% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 08 September 2023. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of Thai dividend payers (6.4%). In line with average of industry peers (7.0%). Announcement • Aug 10
Global Connections Public Company Limited Announces Cash Dividend for the Operating Period from January 1, 2023 to June 30, 2023, Payable on September 8, 2023 Global Connections Public Company Limited announced cash dividend of THB 0.20 per common share for the operating period from January 1, 2023 toJune 30, 2023. Record date for the right to receive dividends: August 24, 2023. Ex-dividend date: August 23, 2023. Payment date: September 8, 2023. Date of Board resolution: August 9, 2023. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: ฿0.08 (vs ฿0.10 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.08 (down from ฿0.10 in 2Q 2022). Revenue: ฿1.25b (down 15% from 2Q 2022). Net income: ฿36.3m (down 21% from 2Q 2022). Profit margin: 2.9% (down from 3.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 13
First quarter 2023 earnings released: EPS: ฿0.16 (vs ฿0.14 in 1Q 2022) First quarter 2023 results: EPS: ฿0.16. Revenue: ฿1.36m (down 100% from 1Q 2022). Net income: ฿72.3k (down 100% from 1Q 2022). Profit margin: 5.3% (up from 4.0% in 1Q 2022). The increase in margin was driven by lower expenses. Upcoming Dividend • Apr 10
Upcoming dividend of ฿0.15 per share at 6.7% yield Eligible shareholders must have bought the stock before 17 April 2023. Payment date: 28 April 2023. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 6.7%. Within top quartile of Thai dividend payers (6.0%). In line with average of industry peers (6.5%). Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: ฿0.37 (vs ฿0.43 in FY 2021) Full year 2022 results: EPS: ฿0.37 (down from ฿0.43 in FY 2021). Revenue: ฿5.53b (up 11% from FY 2021). Net income: ฿163.4m (down 14% from FY 2021). Profit margin: 3.0% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chanitr Charnchainarong was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: ฿0.06 (vs ฿0.076 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.06 (down from ฿0.076 in 3Q 2021). Revenue: ฿1.29b (up 11% from 3Q 2021). Net income: ฿25.2m (down 25% from 3Q 2021). Profit margin: 2.0% (down from 2.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 18
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Thai dividend payers (5.4%). In line with average of industry peers (5.1%). Announcement • Aug 10
Global Connections Public Company Limited Announces Interim Dividend, Payable on September 9, 2022 Global Connections Public Company Limited announced a dividend of THB 0.20 per share for the period ended June 30, 2022. The record date for the right to receive dividends of August 26, 2022 and the ex-dividend date is on August 25, 2022. Payment date is on September 9, 2022. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 29% share price gain to ฿7.30, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 14x in the Trade Distributors industry in Thailand. Total returns to shareholders of 290% over the past three years. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: ฿0.14 (vs ฿0.15 in 1Q 2021) First quarter 2022 results: EPS: ฿0.14 (down from ฿0.15 in 1Q 2021). Revenue: ฿1.56b (up 22% from 1Q 2021). Net income: ฿62.2m (down 8.3% from 1Q 2021). Profit margin: 4.0% (down from 5.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chanitr Charnchainarong was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 05
Upcoming dividend of ฿0.13 per share Eligible shareholders must have bought the stock before 12 April 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (5.1%). In line with average of industry peers (4.8%). Announcement • Apr 03
Global Connections Public Company Limited Approves Dividend for the Fiscal Year 2021, Payable on 29 April 2022 Global Connections Public Company Limited at its annual general meeting held on April 1, 2022 approved dividend payment of THB 0.125 per share, 400,000,000 shares, amount THB 50,000,000 for performance of fiscal year 2021. The shareholder's right to receive dividend shall be recorded on 18 April 2022 and the dividend will be paid to the shareholders on 29 April 2022. Announcement • Feb 25
Global Connections Public Company Limited, Annual General Meeting, Apr 01, 2022 Global Connections Public Company Limited, Annual General Meeting, Apr 01, 2022, at 21:20 SE Asia Standard Time. Agenda: To consider and approve the minutes of the 2021 Annual General meeting of shareholder; to acknowledge the board of directors’ report on the company business performance in 2021; and to discuss other matters. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 20% share price gain to ฿14.00, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 20x in the Trade Distributors industry in Thailand. Total returns to shareholders of 245% over the past three years. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.95 (up from ฿0.68 in FY 2020). Revenue: ฿5.00b (up 38% from FY 2020). Net income: ฿189.1m (up 39% from FY 2020). Profit margin: 3.8% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS ฿0.16 (vs ฿0.17 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿1.16b (up 35% from 3Q 2020). Net income: ฿33.4m (down 4.4% from 3Q 2020). Profit margin: 2.9% (down from 4.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 27% per year. Upcoming Dividend • Aug 19
Upcoming dividend of ฿0.40 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 10 September 2021. Trailing yield: 7.2%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (4.2%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.24 (vs ฿0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿1.24b (up 62% from 2Q 2020). Net income: ฿47.6m (up 120% from 2Q 2020). Profit margin: 3.8% (up from 2.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 29% per year. Reported Earnings • May 08
First quarter 2021 earnings released: EPS ฿0.34 (vs ฿0.17 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.27b (up 34% from 1Q 2020). Net income: ฿67.8m (up 95% from 1Q 2020). Profit margin: 5.3% (up from 3.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 24% per year. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 31% share price gain to ฿9.80, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 17x in the Trade Distributors industry in Thailand. Total returns to shareholders of 146% over the past three years. Upcoming Dividend • Apr 10
Upcoming dividend of ฿0.40 per share Eligible shareholders must have bought the stock before 16 April 2021. Payment date: 30 April 2021. Trailing yield: 7.5%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (3.9%). Announcement • Feb 23
Global Connections Public Company Limited Announces Retirement of Mr.Virah Mavichak, Mr. Thanee Puttipunpluck, and Mr. Bhiya Jriyasetapong Global Connections Public Company Limited announced that in the shareholders meeting starting from March 1, 2021 the company is considering appointing the directors in the replacement of the retiring directors. (Directors retiring in accordance with their terms are: Mr.Virah Mavichak, Mr. Thanee Puttipunpluck, and Mr. Bhiya Jriyasetapong). Reported Earnings • Feb 20
Full year 2020 earnings released: EPS ฿0.68 (vs ฿0.57 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: ฿3.61b (flat on FY 2019). Net income: ฿136.0m (up 19% from FY 2019). Profit margin: 3.8% (up from 3.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Feb 20
Global Connections Public Company Limited, Annual General Meeting, Apr 02, 2021 Global Connections Public Company Limited, Annual General Meeting, Apr 02, 2021, at 14:30 Coordinated Universal Time. Agenda: To consider approving the minutes of the 2020 Annual General Meeting of Shareholders; to acknowledge the Board of Directors' report on the Company's business performance in 2020; to consider approving the Statement of financial position and the Statement of comprehensive income for the fiscal year ending December 31, 2020; to consider the appropriation of net profit and dividend payment for the year 2020; to consider appointing the directors in the replacement of the retiring directors; to acknowledge the remuneration of the directors; to consider appointing an auditor and determine the auditor's remuneration for the year 2021; and to consider other matters. Is New 90 Day High Low • Feb 10
New 90-day high: ฿6.20 The company is up 13% from its price of ฿5.50 on 12 November 2020. The Thai market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Trade Distributors industry, which is up 17% over the same period. Executive Departure • Jan 30
Chief Financial Officer has left the company On the 25th of January, Pravishya Hansakul's tenure in the role of Chief Financial Officer ended. We don't have any record of a personal shareholding under Pravishya's name. Pravishya is the only executive to leave the company over the last 12 months. Announcement • Jan 29
Global Connections Public Company Limited Announces Termination of Pravishya Hansakul as Chief Financial Officer Global Connections Public Company Limited announced termination of Pravishya Hansakul as chief financial officer. Effective date of termination is January 25, 2020. Is New 90 Day High Low • Jan 25
New 90-day high: ฿6.00 The company is up 14% from its price of ฿5.25 on 27 October 2020. The Thai market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 15% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ฿5.90 The company is up 11% from its price of ฿5.30 on 09 October 2020. The Thai market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Trade Distributors industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: ฿5.60 The company is up 7.0% from its price of ฿5.25 on 14 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is down 1.0% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS ฿0.17 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿865.8m (down 9.6% from 3Q 2019). Net income: ฿34.9m (up 14% from 3Q 2019). Profit margin: 4.0% (up from 3.2% in 3Q 2019). The increase in margin was driven by lower expenses. 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 1% per year, which means it is significantly lagging earnings growth. 
