Reported Earnings • May 11
First quarter 2026 earnings released: EPS: ฿0.01 (vs ฿0.006 loss in 1Q 2025) First quarter 2026 results: EPS: ฿0.01 (up from ฿0.006 loss in 1Q 2025). Revenue: ฿195.0m (up 17% from 1Q 2025). Net income: ฿4.42m (up ฿7.25m from 1Q 2025). Profit margin: 2.3% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 24
Full year 2025 earnings released: ฿0.15 loss per share (vs ฿0.10 loss in FY 2024) Full year 2025 results: ฿0.15 loss per share (further deteriorated from ฿0.10 loss in FY 2024). Revenue: ฿616.6m (down 10% from FY 2024). Net loss: ฿70.1m (loss widened 47% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Feb 20
Thai Enger Holding Public Company Limited, Annual General Meeting, Apr 10, 2026 Thai Enger Holding Public Company Limited, Annual General Meeting, Apr 10, 2026, at 14:17 SE Asia Standard Time. Location: wissawa-piwat, 7th fl., the council of engineers 1616/1 lat phrao road, wangthonglang, bangkok 10310, bangkok Thailand New Risk • Nov 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% 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 (11% average weekly change). Earnings have declined by 79% per year over the past 5 years. Market cap is less than US$10m (฿124.2m market cap, or US$3.82m). Reported Earnings • Nov 12
Third quarter 2025 earnings released: ฿0.079 loss per share (vs ฿0.017 profit in 3Q 2024) Third quarter 2025 results: ฿0.079 loss per share (down from ฿0.017 profit in 3Q 2024). Revenue: ฿116.1m (down 41% from 3Q 2024). Net loss: ฿36.4m (down ฿44.0m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
Second quarter 2025 earnings released: ฿0.001 loss per share (vs ฿0.02 loss in 2Q 2024) Second quarter 2025 results: ฿0.001 loss per share (improved from ฿0.02 loss in 2Q 2024). Revenue: ฿161.6m (flat on 2Q 2024). Net loss: ฿563.8k (loss narrowed 94% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. New Risk • Jun 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% 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 (11% average weekly change). Earnings have declined by 72% per year over the past 5 years. Market cap is less than US$10m (฿239.2m market cap, or US$7.35m). Reported Earnings • May 12
First quarter 2025 earnings released: ฿0.006 loss per share (vs ฿0.002 loss in 1Q 2024) First quarter 2025 results: ฿0.006 loss per share (further deteriorated from ฿0.002 loss in 1Q 2024). Revenue: ฿166.5m (down 1.2% from 1Q 2024). Net loss: ฿2.83m (loss widened 248% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Apr 09
Thai Enger Holding Public Company Limited Appoints Preecha Suan as an Independent Director Thai Enger Holding Public Company Limited Annual General Meeting of Shareholders held on April 9, 2025, approved to appoint Dr. Preecha Suan as a new independent director in replacement of Miss Pichaya Praisunwit. Announcement • Feb 24
Thai Enger Holding Public Company Limited Announces Retirement of Pichaya Praisunwit as Independent Director and from Audit Committee, Effective April 9, 2025 Thai Enger Holding Public Company Limited announced that Miss Pichaya Praisunwit retires from office at the end of the term. Position in company: Independent Director and Audit Committee. Effective Date is April 7, 2023 and Expire Date is April 9, 2025. Reported Earnings • Feb 24
Full year 2024 earnings released: ฿0.10 loss per share (vs ฿0.009 profit in FY 2023) Full year 2024 results: ฿0.10 loss per share (down from ฿0.009 profit in FY 2023). Revenue: ฿688.5m (down 28% from FY 2023). Net loss: ฿47.7m (down ฿51.6m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Feb 21
Thai Enger Holding Public Company Limited, Annual General Meeting, Apr 09, 2025 Thai Enger Holding Public Company Limited, Annual General Meeting, Apr 09, 2025, at 14:00 SE Asia Standard Time. Location: the meeting room named wissawa-piwat, 7th fl., the council of engineers 1616/1, -lat phrao road,wangthonglang, bangkok 10310 Thailand Buy Or Sell Opportunity • Feb 21
Now 20% overvalued Over the last 90 days, the stock has fallen 11% to ฿0.56. The fair value is estimated to be ฿0.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jan 30
Now 27% overvalued Over the last 90 days, the stock has fallen 10% to ฿0.62. The fair value is estimated to be ฿0.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jan 15
Now 22% overvalued Over the last 90 days, the stock has fallen 18% to ฿0.59. The fair value is estimated to be ฿0.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Nov 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 53% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 59% per year over the past 5 years. Market cap is less than US$10m (฿289.8m market cap, or US$8.40m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 14
Second quarter 2024 earnings released: ฿0.02 loss per share (vs ฿0.01 loss in 2Q 2023) Second quarter 2024 results: ฿0.02 loss per share (further deteriorated from ฿0.01 loss in 2Q 2023). Revenue: ฿162.0m (down 41% from 2Q 2023). Net loss: ฿9.06m (loss widened 88% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Jul 04
Thai Enger Holding Public Company Limited Announces Board Changes The Board of Directors' Meeting of Thai Enger Holding Public Company Limited announced which was held on 13 May 2024, the Board acknowledged the resignation of Mr.Viboon Pojanalai, as the Director, effective from 03 July 2024 onwards. The Board approved the appointment of the new Director, Miss Kamolwan Siripanich, to replace the resigned Director which will be effective from 4 July 2024 onwards. Reported Earnings • May 15
First quarter 2024 earnings released: ฿0.002 loss per share (vs ฿0.007 profit in 1Q 2023) First quarter 2024 results: ฿0.002 loss per share (down from ฿0.007 profit in 1Q 2023). Revenue: ฿168.5m (down 1.9% from 1Q 2023). Net loss: ฿814.6k (down 127% from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. New Risk • Apr 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.9% 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 have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (฿395.6m market cap, or US$10.8m). New Risk • Apr 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿345.0m (US$9.40m) 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 Earnings have declined by 48% per year over the past 5 years. Market cap is less than US$10m (฿345.0m market cap, or US$9.40m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Announcement • Feb 21
Thai Enger Holding Public Company Limited, Annual General Meeting, Apr 05, 2024 Thai Enger Holding Public Company Limited, Annual General Meeting, Apr 05, 2024, at 14:00 SE Asia Standard Time. Location: The Meeting Room named Wissawa-piwat, 7thfl The Council of Engineers 1616/1 Lat Phrao Road, Bangkok Thailand Agenda: To consider and acknowledge the Minutes of Annual General Meeting of Shareholders 2023 which was held on 07 April 2023; to consider and acknowledge the annual business performance by the Board of Directors for the year 2023; to consider and approve the separated financial statement of the Company and the consolidated financial statement of the Company and the subsidiaries for the year ending at 31 December 2023 and acknowledge report by the Company's auditor; to consider and approve the allocation of the net profits as legal reserves and no dividend payment for the year 2023; and to consider other matters. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: ฿0.009 (vs ฿0.013 in FY 2022) Full year 2023 results: EPS: ฿0.009 (down from ฿0.013 in FY 2022). Revenue: ฿949.2m (up 43% from FY 2022). Net income: ฿3.91m (down 36% from FY 2022). Profit margin: 0.4% (down from 0.9% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 14
Third quarter 2023 earnings released: ฿0.014 loss per share (vs ฿0.004 profit in 3Q 2022) Third quarter 2023 results: ฿0.014 loss per share (down from ฿0.004 profit in 3Q 2022). Revenue: ฿234.0m (up 52% from 3Q 2022). Net loss: ฿6.30m (down 477% 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 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
Second quarter 2023 earnings released: ฿0.01 loss per share (vs ฿0.01 profit in 2Q 2022) Second quarter 2023 results: ฿0.01 loss per share (down from ฿0.01 profit in 2Q 2022). Revenue: ฿273.2m (up 69% from 2Q 2022). Net loss: ฿4.83m (down 209% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. New Risk • Jun 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.2% 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 Earnings have declined by 32% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (150% payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (฿598.0m market cap, or US$17.0m). Reported Earnings • May 15
First quarter 2023 earnings released: EPS: ฿0.007 (vs ฿0.003 in 1Q 2022) First quarter 2023 results: EPS: ฿0.007 (up from ฿0.003 in 1Q 2022). Revenue: ฿171.7m (up 24% from 1Q 2022). Net income: ฿3.03m (up 96% from 1Q 2022). Profit margin: 1.8% (up from 1.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 17% share price gain to ฿2.02, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 31x in the Construction industry in Thailand. Total returns to shareholders of 20% over the past three years. 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. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Pitak Uthaitham 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. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 22% share price gain to ฿2.44, the stock trades at a trailing P/E ratio of 74x. Average trailing P/E is 30x in the Construction industry in Thailand. Total returns to shareholders of 33% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: ฿0.003 (vs ฿0.029 in 1Q 2021) First quarter 2022 results: EPS: ฿0.003 (down from ฿0.029 in 1Q 2021). Revenue: ฿138.5m (down 31% from 1Q 2021). Net income: ฿1.55m (down 88% from 1Q 2021). Profit margin: 1.1% (down from 6.7% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Pitak Uthaitham 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. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 18% share price gain to ฿2.38, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 33x in the Construction industry in Thailand. Total loss to shareholders of 6.5% over the past three years. Upcoming Dividend • Mar 02
Upcoming dividend of ฿0.055 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 06 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.5%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.02 (vs ฿0.028 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿176.2m (down 18% from 2Q 2020). Net income: ฿9.28m (down 27% from 2Q 2020). Profit margin: 5.3% (down from 5.9% in 2Q 2020). The decrease in margin was driven by lower revenue. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.029 (vs ฿0.031 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: ฿200.0m (down 16% from 1Q 2020). Net income: ฿13.3m (down 7.6% from 1Q 2020). Profit margin: 6.7% (up from 6.1% in 1Q 2020). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 44% share price gain to ฿3.26, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 27x in the Construction industry in Thailand. Total returns to shareholders of 129% over the past year. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improved over the past week After last week's 19% share price gain to ฿2.30, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 23x in the Construction industry in Thailand. Total returns to shareholders of 59% over the past year. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 33% share price gain to ฿2.32, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 22x in the Construction industry in Thailand. Total returns to shareholders of 45% over the past year. Is New 90 Day High Low • Mar 15
New 90-day low: ฿1.69 The company is down 1.0% from a price of ฿1.71 on 15 December 2020. Underperformed the Thai market, which is up 7.0% over the last 90 days. Lagged the Construction industry, which is up 1.0% over the same period. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS ฿0.099 (vs ฿0.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿898.6m (down 9.2% from FY 2019). Net income: ฿45.4m (down 43% from FY 2019). Profit margin: 5.1% (down from 8.0% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Feb 09
New 90-day high: ฿1.80 The company is up 8.0% from its price of ฿1.66 on 11 November 2020. The Thai market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 2.0% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS ฿0.04 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿224.6m (down 24% from 3Q 2019). Net income: ฿18.5m (down 38% from 3Q 2019). Profit margin: 8.2% (down from 10% in 3Q 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Oct 09
New 90-day high: ฿1.88 The company is up 16% from its price of ฿1.62 on 10 July 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 13% over the same period. Is New 90 Day High Low • Sep 21
New 90-day high: ฿1.74 The company is up 6.0% from its price of ฿1.64 on 23 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 11% over the same period.