Reported Earnings • 20h
Second quarter 2026 earnings released: EPS: ฿0.016 (vs ฿0.021 in 2Q 2025) Second quarter 2026 results: EPS: ฿0.016 (down from ฿0.021 in 2Q 2025). Revenue: ฿105.8m (up 13% from 2Q 2025). Net income: ฿6.41m (down 26% from 2Q 2025). Profit margin: 6.1% (down from 9.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2026 earnings released: EPS: ฿0.021 (vs ฿0.008 in 1Q 2025) First quarter 2026 results: EPS: ฿0.021 (up from ฿0.008 in 1Q 2025). Revenue: ฿97.4m (up 21% from 1Q 2025). Net income: ฿8.41m (up 149% from 1Q 2025). Profit margin: 8.6% (up from 4.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 05
Upcoming dividend of ฿0.046 per share Eligible shareholders must have bought the stock before 11 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.8%). Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: ฿0.18 (vs ฿0.09 in FY 2024) Full year 2025 results: EPS: ฿0.18 (up from ฿0.09 in FY 2024). Revenue: ฿396.9m (up 15% from FY 2024). Net income: ฿71.4m (up 96% from FY 2024). Profit margin: 18% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 28
Dividend increased to ฿0.046 Dividend of ฿0.046 is 24% higher than last year. Ex-date: 11th May 2026 Payment date: 22nd May 2026 Dividend yield will be 6.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 26
Akkhie Prakarn Public Company Limited Proposes Cash Dividend for the Operating Period from January 1, 2025, to December 31, 2025, Payable on May 22, 2026 AKKHIE PRAKARN PUBLIC COMPANY LIMITED at its AGM to be held on April 24, 2026, proposed a cash dividend of THB 0.046 per share for the operating period from January 1, 2025, to December 31, 2025. Payment date is May 22, 2026, Ex-dividend date is May 11, 2026, and Record Date is May 12, 2026. Announcement • Feb 25
Akkhie Prakarn Public Company Limited, Annual General Meeting, Apr 24, 2026 Akkhie Prakarn Public Company Limited, Annual General Meeting, Apr 24, 2026, at 10:00 SE Asia Standard Time. Location: physical meeting, akkhie prakarn public company limited, Thailand Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ฿0.096 (vs ฿0.029 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.096 (up from ฿0.029 in 3Q 2024). Revenue: ฿96.9m (up 9.9% from 3Q 2024). Net income: ฿38.9m (up 232% from 3Q 2024). Profit margin: 40% (up from 13% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. New Risk • Sep 04
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 Risks Earnings have declined by 5.3% per year over the past 5 years. Market cap is less than US$10m (฿274.7m market cap, or US$8.51m). 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 (7.2% average weekly change). Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ฿0.021 (vs ฿0.033 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.021 (down from ฿0.033 in 2Q 2024). Revenue: ฿93.3m (up 4.0% from 2Q 2024). Net income: ฿8.68m (down 35% from 2Q 2024). Profit margin: 9.3% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.008 (vs ฿0.004 in 1Q 2024) First quarter 2025 results: EPS: ฿0.008 (up from ฿0.004 in 1Q 2024). Revenue: ฿80.5m (up 3.1% from 1Q 2024). Net income: ฿3.38m (up 129% from 1Q 2024). Profit margin: 4.2% (up from 1.9% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: ฿0.35 (vs ฿0.042 in FY 2023) Full year 2024 results: EPS: ฿0.35 (up from ฿0.042 in FY 2023). Revenue: ฿345.6m (down 4.1% from FY 2023). Net income: ฿36.4m (up 116% from FY 2023). Profit margin: 11% (up from 4.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Feb 27
Akkhie Prakarn Public Company Limited, Annual General Meeting, Apr 25, 2025 Akkhie Prakarn Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time. Location: at the meeting room of akkhi prakan public company, limited, no. 792 moo 2, soi 1c/1, bag pu industrial estate.sukhumvit road, bang pu mai subdistrict mueang samut prakan, district samut Thailand Announcement • Feb 26
Akkhie Prakarn Public Company Limited Proposes Dividend for the Year 2024, Payable on May 23, 2025 Akkhie Prakarn Public Company Limited announced that at the board meeting held on February 26, 2025, It is deemed appropriate to propose to the 2025 Annual General Meeting of Shareholders for consideration and approval of the payment of dividends to the Company's shareholders from the operating results for the year 2024 at the rate of THB 0.037 per share, par value of THB 0.50 per share, totaling THB 14,948,000., which has determined the list of shareholders (Record Date) entitled to receive dividends on May 9 2025, and has determined the dividend payment date on May 23, 2025. However, the right to receive such dividends is still uncertain as it is awaiting approval from the 2025 Annual General Meeting of Shareholders. New Risk • Nov 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿335.3m (US$9.78m) 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 (12% average weekly change). Earnings have declined by 10% per year over the past 5 years. Market cap is less than US$10m (฿335.3m market cap, or US$9.78m). Minor Risk Dividend is not well covered by earnings (168% payout ratio). Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to ฿1.14, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 17x in the Commercial Services industry in Thailand. Total loss to shareholders of 43% over the past three years. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ฿0.033 (vs ฿0.003 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.033 (up from ฿0.003 in 2Q 2023). Revenue: ฿86.1m (flat on 2Q 2023). Net income: ฿13.3m (up ฿12.1m from 2Q 2023). Profit margin: 16% (up from 1.4% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. New Risk • Jul 21
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 6.4% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 168% Cash payout ratio: 103% Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (฿258.6m market cap, or US$7.11m). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ฿0.004 (vs ฿0.013 loss in 1Q 2023) First quarter 2024 results: EPS: ฿0.004 (up from ฿0.013 loss in 1Q 2023). Revenue: ฿78.0m (down 4.9% from 1Q 2023). Net income: ฿1.47m (up ฿6.54m from 1Q 2023). Profit margin: 1.9% (up from net loss in 1Q 2023). The move to profitability 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 18% per year, which means it has not declined as severely as earnings. New Risk • Apr 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿355.5m (US$9.78m) 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 168% Cash payout ratio: 96% Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (฿355.5m market cap, or US$9.78m). Minor Risk Profit margins are more than 30% lower than last year (4.7% net profit margin). Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: ฿0.042 (vs ฿0.072 in FY 2022) Full year 2023 results: EPS: ฿0.042 (down from ฿0.072 in FY 2022). Revenue: ฿360.5m (down 3.9% from FY 2022). Net income: ฿16.9m (down 42% from FY 2022). Profit margin: 4.7% (down from 7.8% in FY 2022). 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 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.018 (vs ฿0.058 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.018 (down from ฿0.058 in 3Q 2022). Revenue: ฿92.9m (down 15% from 3Q 2022). Net income: ฿7.08m (down 70% from 3Q 2022). Profit margin: 7.6% (down from 21% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Nov 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 9.6% 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: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (฿424.2m market cap, or US$11.8m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: ฿0.003 (vs ฿0.007 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.003 (down from ฿0.007 in 2Q 2022). Revenue: ฿86.7m (down 1.6% from 2Q 2022). Net income: ฿1.20m (down 55% from 2Q 2022). Profit margin: 1.4% (down from 3.0% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Jun 27
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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 Risk Earnings have declined by 9.0% per year over the past 5 years. 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 (6.8% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (฿456.5m market cap, or US$13.0m). Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ฿1.13, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 24x in the Commercial Services industry in Thailand. Total returns to shareholders of 26% over the past three years. New Risk • Jun 17
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 6.1% 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 9.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (฿565.6m market cap, or US$16.3m). Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ฿1.78, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 31x in the Commercial Services industry in Thailand. Total returns to shareholders of 87% over the past three years. Upcoming Dividend • Apr 26
Upcoming dividend of ฿0.025 per share at 1.6% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 34% and the cash payout ratio is 77%. Trailing yield: 1.6%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (3.5%). Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ฿2.00, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 25x in the Commercial Services industry in Thailand. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 17% share price gain to ฿2.26, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 26x in the Commercial Services industry in Thailand. Total returns to shareholders of 132% 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. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Sakchai Wongchaisuriya was the last independent director to join the board, commencing their role in 2011. 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 12
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 33x. Average trailing P/E is 32x in the Commercial Services industry in Thailand. Total returns to shareholders of 54% over the past three years. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: ฿0.007 (vs ฿0.027 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.007 (down from ฿0.027 in 2Q 2021). Revenue: ฿88.1m (down 4.9% from 2Q 2021). Net income: ฿2.65m (down 76% from 2Q 2021). Profit margin: 3.0% (down from 12% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ฿2.46, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 54x in the Commercial Services industry in Thailand. Total returns to shareholders of 89% over the past three years. Reported Earnings • May 19
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: ฿0.001 (down from ฿0.036 in 1Q 2021). Revenue: ฿75.8m (down 25% from 1Q 2021). Net income: ฿406.0k (down 97% from 1Q 2021). Profit margin: 0.5% (down from 14% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. 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 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ฿2.92, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 45x in the Commercial Services industry in Thailand. Total returns to shareholders of 74% over the past three years. Upcoming Dividend • Apr 28
Upcoming dividend of ฿0.05 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.0%). 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 not an independent director. The company's board is composed of: 1 new director. No experienced directors. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Sakchai Wongchaisuriya was the last independent director to join the board, commencing their role in 2011. 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 • Apr 01
Investor sentiment improved over the past week After last week's 36% share price gain to ฿3.54, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 46x in the Commercial Services industry in Thailand. Total returns to shareholders of 108% over the past three years. Reported Earnings • Mar 03
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: ฿0.12 (up from ฿0.086 in FY 2020). Revenue: ฿375.3m (up 8.0% from FY 2020). Net income: ฿46.8m (up 35% from FY 2020). Profit margin: 13% (up from 10.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. 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 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 19% share price gain to ฿2.84, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 22x in the Commercial Services industry in Thailand. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 19% share price gain to ฿2.50, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 21x in the Commercial Services industry in Thailand. Total returns to shareholders of 48% over the past three years. Reported Earnings • Nov 18
Third quarter 2021 earnings released The company reported a solid third quarter result with improved revenues, although earnings and profit margins were flat. Third quarter 2021 results: Revenue: ฿85.9m (up 5.2% from 3Q 2020). Net income: ฿12.6m (flat on 3Q 2020). Profit margin: 15% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 17% share price gain to ฿2.36, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 25x in the Commercial Services industry in Thailand. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 15% share price gain to ฿2.02, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 24x in the Commercial Services industry in Thailand. Total returns to shareholders of 37% over the past three years. Executive Departure • Aug 19
Company Secretary Suwanna Sukarakeyoon has left the company On the 14th of August, Suwanna Sukarakeyoon's tenure as Company Secretary ended. We don't have any record of a personal shareholding under Suwanna's name. Suwanna is the only executive to leave the company over the last 12 months. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.027 (vs ฿0.011 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿92.6m (up 38% from 2Q 2020). Net income: ฿10.8m (up 151% from 2Q 2020). Profit margin: 12% (up from 6.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ฿1.86, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 23x in the Commercial Services industry in Thailand. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 23% share price gain to ฿2.38, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 22x in the Commercial Services industry in Thailand. Total returns to shareholders of 58% over the past three years. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.036 (vs ฿0.018 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿101.3m (up 15% from 1Q 2020). Net income: ฿14.4m (up ฿21.4m from 1Q 2020). Profit margin: 14% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 29
Upcoming dividend of ฿0.023 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 25 May 2021. Trailing yield: 1.5%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 15% share price gain to ฿1.45, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 20x in the Commercial Services industry in Thailand. Total loss to shareholders of 18% over the past three years. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS ฿0.086 (vs ฿0.077 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿347.5m (down 17% from FY 2019). Net income: ฿34.7m (up 11% from FY 2019). Profit margin: 10.0% (up from 7.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% 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. Is New 90 Day High Low • Feb 10
New 90-day high: ฿1.07 The company is up 29% from its price of ฿0.83 on 12 November 2020. The Thai market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ฿0.96 The company is up 7.0% from its price of ฿0.90 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 6.0% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS ฿0.031 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿81.7m (down 25% from 3Q 2019). Net income: ฿12.7m (up 12% from 3Q 2019). Profit margin: 16% (up from 10% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 27% per year. Is New 90 Day High Low • Oct 16
New 90-day low: ฿0.80 The company is down 18% from its price of ฿0.97 on 17 July 2020. The Thai market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 17% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ฿0.83 The company is down 14% from its price of ฿0.96 on 25 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 23% over the same period.