New Risk • 10h
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 10% 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 Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (฿540.0m market cap, or US$16.2m). 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 6.4% 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: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (฿540.0m market cap, or US$16.6m). Buy Or Sell Opportunity • May 05
Now 22% undervalued Over the last 90 days, the stock has risen 2.7% to ฿0.38. The fair value is estimated to be ฿0.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 09
Now 20% undervalued Over the last 90 days, the stock has risen 5.6% to ฿0.38. The fair value is estimated to be ฿0.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: ฿0.034 (vs ฿0.051 in FY 2024) Full year 2025 results: EPS: ฿0.034 (down from ฿0.051 in FY 2024). Revenue: ฿600.7m (up 6.9% from FY 2024). Net income: ฿41.2m (down 32% from FY 2024). Profit margin: 6.9% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Mar 02
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: 6.9% Last year net profit margin: 11% 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 Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (฿444.0m market cap, or US$14.1m). Announcement • Feb 26
Salee Printing Public Company Limited, Annual General Meeting, Apr 23, 2026 Salee Printing Public Company Limited, Annual General Meeting, Apr 23, 2026, at 10:00 SE Asia Standard Time. Location: at the meeting room 116 of salee printing pcl, no. 19, moo 10, klong 4 sub-district, khlong luang, pathumthani province 12120, Thailand Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: ฿0.005 (vs ฿0.008 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.005 (down from ฿0.008 in 3Q 2024). Revenue: ฿142.9m (up 5.8% from 3Q 2024). Net income: ฿5.45m (down 41% from 3Q 2024). Profit margin: 3.8% (down from 6.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ฿0.006 (vs ฿0.006 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.006 (in line with 2Q 2024). Revenue: ฿142.4m (up 2.4% from 2Q 2024). Net income: ฿7.11m (down 5.7% from 2Q 2024). Profit margin: 5.0% (down from 5.4% 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 102% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • May 11
First quarter 2025 earnings released: EPS: ฿0.011 (vs ฿0.015 in 1Q 2024) First quarter 2025 results: EPS: ฿0.011 (down from ฿0.015 in 1Q 2024). Revenue: ฿155.1m (down 3.7% from 1Q 2024). Net income: ฿12.8m (down 27% from 1Q 2024). Profit margin: 8.3% (down from 11% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Feb 27
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 9.9% 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 Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risk Market cap is less than US$100m (฿444.0m market cap, or US$13.1m). Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: ฿0.051 (vs ฿0.014 loss in FY 2023) Full year 2024 results: EPS: ฿0.051 (up from ฿0.014 loss in FY 2023). Revenue: ฿561.7m (up 7.2% from FY 2023). Net income: ฿60.7m (up ฿77.3m from FY 2023). Profit margin: 11% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Feb 26
Salee Printing Public Company Limited, Annual General Meeting, Apr 24, 2025 Salee Printing Public Company Limited, Annual General Meeting, Apr 24, 2025, at 09:00 SE Asia Standard Time. Location: salee printing public company limited, no. 19, moo 10, klong 4 sub-district, khlong luang, pathumthani province 12120, Thailand New Risk • Nov 20
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 6.6% 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (฿612.0m market cap, or US$17.6m). Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: ฿0.008 (vs ฿0.006 loss in 3Q 2023) Third quarter 2024 results: EPS: ฿0.008 (up from ฿0.006 loss in 3Q 2023). Revenue: ฿135.1m (up 4.3% from 3Q 2023). Net income: ฿9.20m (up ฿16.3m from 3Q 2023). Profit margin: 6.8% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.006 (vs ฿0.005 loss in 2Q 2023) Second quarter 2024 results: EPS: ฿0.006 (up from ฿0.005 loss in 2Q 2023). Revenue: ฿139.1m (up 16% from 2Q 2023). Net income: ฿7.54m (up ฿13.6m from 2Q 2023). Profit margin: 5.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: ฿0.015 (vs ฿0.007 loss in 1Q 2023) First quarter 2024 results: EPS: ฿0.015 (up from ฿0.007 loss in 1Q 2023). Revenue: ฿161.1m (up 19% from 1Q 2023). Net income: ฿17.4m (up ฿26.4m from 1Q 2023). Profit margin: 11% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Feb 28
Salee Printing Public Company Limited, Annual General Meeting, Apr 25, 2024 Salee Printing Public Company Limited, Annual General Meeting, Apr 25, 2024, at 09:00 SE Asia Standard Time. Location: meeting room 116 of Salee Printing Public Company Limited, No. 19, Moo 10, Klong 4 Sub-district, Khlong Luang Pathumthani Thailand Agenda: To consider and certify the minutes of the 2023 Annual General Meeting of Shareholders; to consider and certify the Company's operating results for 2023; to consider, approve and certify the statement of financial position and the Company's auditor's report ends as of December 31, 2023; to consider and approve the omission of dividend payment for the operating results of the year 2023; to consider and approve the determination of directors' remuneration for the year 2024; and to discuss other matters. Reported Earnings • Feb 28
Full year 2023 earnings released: ฿0.014 loss per share (vs ฿0.035 loss in FY 2022) Full year 2023 results: ฿0.014 loss per share (improved from ฿0.035 loss in FY 2022). Revenue: ฿523.8m (up 1.2% from FY 2022). Net loss: ฿16.5m (loss narrowed 61% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2023 earnings released: ฿0.005 loss per share (vs ฿0.005 loss in 2Q 2022) Second quarter 2023 results: ฿0.005 loss per share (in line with 2Q 2022). Revenue: ฿120.2m (flat on 2Q 2022). Net loss: ฿6.05m (loss narrowed 1.5% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Jun 24
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 6.3% 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 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (฿504.0m market cap, or US$14.3m). 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. 4 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Suchat Boonbanjerdsri was the last independent director to join the board, commencing their role in 2014. 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 • Aug 13
Second quarter 2022 earnings released: ฿0.005 loss per share (vs ฿0.005 loss in 2Q 2021) Second quarter 2022 results: ฿0.005 loss per share (vs ฿0.005 loss in 2Q 2021). Revenue: ฿120.7m (up 13% from 2Q 2021). Net loss: ฿6.15m (flat on 2Q 2021). 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. Reported Earnings • May 16
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: ฿0.003 (up from ฿0.003 loss in 1Q 2021). Revenue: ฿157.9m (up 42% from 1Q 2021). Net income: ฿4.06m (up ฿7.65m from 1Q 2021). Profit margin: 2.6% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 2% 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. 4 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Suchat Boonbanjerdsri was the last independent director to join the board, commencing their role in 2014. 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 • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿0.032 loss per share (down from ฿0.018 loss in FY 2020). Revenue: ฿445.8m (up 8.4% from FY 2020). Net loss: ฿37.8m (loss widened 74% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 54% 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 15
Third quarter 2021 earnings released: ฿0.003 loss per share (vs ฿0.004 loss in 3Q 2020) The company reported a poor third quarter result with increased losses and weaker control over costs, although revenues were flat. Third quarter 2021 results: Revenue: ฿109.1m (flat on 3Q 2020). Net loss: ฿6.65m (loss widened 27% from 3Q 2020). 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 11
Second quarter 2021 earnings released: ฿0.005 loss per share (vs ฿0.004 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿107.1m (up 6.5% from 2Q 2020). Net loss: ฿6.13m (loss widened 15% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 25
Full year 2020 earnings released: ฿0.018 loss per share (vs ฿0.036 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: ฿411.2m (up 6.3% from FY 2019). Net loss: ฿21.8m (loss narrowed 49% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 04
New 90-day high: ฿0.63 The company is up 47% from its price of ฿0.43 on 06 November 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 19% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: ฿0.46 The company is up 5.0% from its price of ฿0.44 on 09 October 2020. The Thai market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 4.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: ฿0.004 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: ฿108.2m (up 12% from 3Q 2019). Net loss: ฿5.26m (loss narrowed 40% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 110% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. 
