Reported Earnings • May 19
First quarter 2026 earnings released: EPS: ฿0.046 (vs ฿0.002 in 1Q 2025) First quarter 2026 results: EPS: ฿0.046 (up from ฿0.002 in 1Q 2025). Revenue: ฿623.8m (up 32% from 1Q 2025). Net income: ฿96.8m (up ฿92.5m from 1Q 2025). Profit margin: 16% (up from 0.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% 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. New Risk • Mar 11
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: 9.7% Last year net profit margin: 16% 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 24% 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. Profit margins are more than 30% lower than last year (9.7% net profit margin). Declared Dividend • Mar 02
Dividend of ฿0.09 announced Shareholders will receive a dividend of ฿0.09. Ex-date: 11th March 2026 Payment date: 20th May 2026 Dividend yield will be 3.9%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 26% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.0% EPS decline seen over the last 5 years. Announcement • Feb 27
Asia Plus Group Holdings Public Company Limited announces Annual dividend, payable on May 20, 2026 Asia Plus Group Holdings Public Company Limited announced Annual dividend of THB 0.0900 per share payable on May 20, 2026, ex-date on March 11, 2026 and record date on March 12, 2026. Announcement • Feb 26
Asia Plus Group Holdings Public Company Limited, Annual General Meeting, Apr 28, 2026 Asia Plus Group Holdings Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.03 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.06 (up from ฿0.03 in 3Q 2024). Revenue: ฿640.3m (up 18% from 3Q 2024). Net income: ฿125.8m (up 84% from 3Q 2024). Profit margin: 20% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿2.22, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 26x in the Capital Markets industry in Thailand. Total loss to shareholders of 12% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.02 (vs ฿0.041 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.02 (down from ฿0.041 in 2Q 2024). Revenue: ฿443.0m (down 9.7% from 2Q 2024). Net income: ฿48.4m (down 39% from 2Q 2024). Profit margin: 11% (down from 16% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% 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. Buy Or Sell Opportunity • Jul 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ฿2.26. The fair value is estimated to be ฿1.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Earnings per share has declined by 26%. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ฿0.002 (vs ฿0.07 in 1Q 2024) First quarter 2025 results: EPS: ฿0.002 (down from ฿0.07 in 1Q 2024). Revenue: ฿472.6m (down 28% from 1Q 2024). Net income: ฿4.38m (down 97% from 1Q 2024). Profit margin: 0.9% (down from 22% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 10
Now 22% overvalued Over the last 90 days, the stock has fallen 18% to ฿1.91. The fair value is estimated to be ฿1.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 28%. Announcement • Mar 25
Asia Plus Group Holdings Public Company Limited (SET:ASP) announces an Equity Buyback for 210,000,000 shares, representing 9.97% for THB 500 million. Asia Plus Group Holdings Public Company Limited (SET:ASP) announces a share repurchase program. Under the program, the company will repurchase up to 210,000,000 shares, representing 9.97% for THB 500 million. The purchase shall not exceed 115% of the average closing price of 5 consecutive days prior to share repurchase date. The purpose of the program is excess liquidity management and to assure the investors and shareholders of the company of its capability to generate future profit as well as to build trustworthiness of company's financial status. The repurchase program is valid till September 30, 2025. As of March 8, 2024, the company had 2,105,656,044 shares issued and outstanding. Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: ฿0.17 (vs ฿0.19 in FY 2023) Full year 2024 results: EPS: ฿0.17 (down from ฿0.19 in FY 2023). Revenue: ฿2.20b (flat on FY 2023). Net income: ฿356.4m (down 13% from FY 2023). Profit margin: 16% (down from 19% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Mar 02
Asia Plus Group Holdings Public Company Limited, Annual General Meeting, Apr 30, 2025 Asia Plus Group Holdings Public Company Limited, Annual General Meeting, Apr 30, 2025, at 14:00 SE Asia Standard Time. New Risk • Nov 21
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Dividend is not well covered by earnings (104% payout ratio). Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿2.60, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 17x in the Capital Markets industry in Thailand. Total loss to shareholders of 5.6% over the past three years. Upcoming Dividend • Aug 21
Upcoming dividend of ฿0.07 per share Eligible shareholders must have bought the stock before 27 August 2024. Payment date: 12 September 2024. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 7.4%. Within top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (4.1%). Announcement • Aug 17
Asia Plus Group Holdings Public Company Limited Announcea Interim Cash Dividend for the Operating Period from 01-January-2024 to 30-June-2024, Payable on September 12, 2024 Asia Plus Group Holdings Public Company Limited announced Interim cash dividend for the Operating period from 01-January-2024 to 30-June-2024. Record date for the right to receive dividends 28-August-2024. Ex-dividend date 27-August-2024. Cash dividend payment (baht per share) THB 0.07. Par value (baht) THB 1.00. Payment date 12-September-2024. Declared Dividend • Aug 16
First half dividend reduced to ฿0.07 Dividend of ฿0.07 is 12% lower than last year. Ex-date: 27th August 2024 Payment date: 12th September 2024 Dividend yield will be 7.7%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) nor is it covered by cash flows (218% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 3.7% to bring the payout ratio under control, which is less than the 7.0% EPS growth achieved over the last 5 years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.05 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.04 (down from ฿0.05 in 2Q 2023). Revenue: ฿511.5m (down 6.2% from 2Q 2023). Net income: ฿79.2m (down 29% from 2Q 2023). Profit margin: 16% (down from 20% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: ฿0.07 (vs ฿0.06 in 1Q 2023) First quarter 2024 results: EPS: ฿0.07 (up from ฿0.06 in 1Q 2023). Revenue: ฿654.8m (up 6.6% from 1Q 2023). Net income: ฿145.7m (up 14% from 1Q 2023). Profit margin: 22% (up from 21% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% 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. Announcement • Apr 27
Asia Plus Group Holdings Public Company Limited Approves Dividend for the Year 2023, Payable on May 17, 2024 Asia Plus Group Holdings Public Company Limited at the AGM held on April 26, 2024 approved dividend payment for the year 2023 at the rate of THB 0.18 per share or THB 379,018,087.92 in total or 92.91% of the annual net profit which is in line with the Company's dividend payment policy. The Company had paid an interim dividend on September 12, 2023 at the rate of THB 0.08 per share, totaling THB 168,452,483.52. The remaining dividend will be paid at the rate of THB 0.10 per share totaling THB 210,565,604. 40 which derived from net profit that was subject to corporate income tax of 20%. The shareholders also approved to set the date to determine the list of shareholders entitled to receive dividend on March 8, 2024. The dividend payment shall be made on May 17, 2024 as proposed by the Board of Directors. Upcoming Dividend • Feb 29
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 17 May 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 7.4%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (3.9%). Declared Dividend • Feb 25
Final dividend reduced to ฿0.10 Dividend of ฿0.10 is 23% lower than last year. Ex-date: 7th March 2024 Payment date: 17th May 2024 Dividend yield will be 6.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 5.3% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.2% EPS decline seen over the last 5 years. New Risk • Feb 24
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 61% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (61% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Feb 24
Asia Plus Group Holdings Public Company Limited, Annual General Meeting, Apr 26, 2024 Asia Plus Group Holdings Public Company Limited, Annual General Meeting, Apr 26, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider acknowledgement of directors' report relating to the operation of the company for the year 2023; to consider and approve the audited financial statements for the year ended the 31st of December 2023; to consider and approve the appropriation of profit and the payment of dividend for the year 2023; to consider and approve the election of directors to replace those who retired by rotation; to consider acknowledgement of directors' remuneration; to consider and approve the appointment of the company's auditor for the year 2024 and to fix their remuneration; and to consider Other business (if any). Buy Or Sell Opportunity • Feb 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to ฿2.84. The fair value is estimated to be ฿2.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.6%. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.05 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.05 (in line with 3Q 2022). Revenue: ฿553.5m (down 5.5% from 3Q 2022). Net income: ฿103.0m (down 4.2% from 3Q 2022). Profit margin: 19% (in line with 3Q 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 15% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 21
Upcoming dividend of ฿0.08 per share at 7.1% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 12 September 2023. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 7.1%. Within top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (4.6%). New Risk • Aug 17
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 71% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (71% net debt to equity). Dividend is not well covered by earnings (92% payout ratio). Reported Earnings • Aug 16
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ฿545.0m (up 14% from 2Q 2022). Net income: ฿110.9m (up 216% from 2Q 2022). Profit margin: 20% (up from 7.4% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.07 in 1Q 2022) First quarter 2023 results: EPS: ฿0.06 (down from ฿0.07 in 1Q 2022). Revenue: ฿614.1m (down 7.4% from 1Q 2022). Net income: ฿127.6m (down 13% from 1Q 2022). Profit margin: 21% (down from 22% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 01
Upcoming dividend of ฿0.13 per share at 8.8% yield Eligible shareholders must have bought the stock before 08 March 2023. Payment date: 17 May 2023. Trailing yield: 8.8%. Within top quartile of Thai dividend payers (5.6%). Higher than average of industry peers (4.8%). Board Change • Nov 16
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. 2 experienced directors. 7 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Chanitr Charnchainarong was the last independent director to join the board, commencing their role in 2020. 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 01
Third quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.09 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.05 (down from ฿0.09 in 3Q 2021). Revenue: ฿585.7m (down 24% from 3Q 2021). Net income: ฿107.5m (down 45% from 3Q 2021). Profit margin: 18% (down from 26% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 17
Upcoming dividend of ฿0.07 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 09 September 2022. Payout ratio is on the higher end at 97% but the company is not cash flow positive. Trailing yield: 8.5%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (4.5%). Announcement • Aug 13
Asia Plus Group Holdings Public Company Limited Announces Interim Dividend Payment, Payable 09-September-2022 Asia Plus Group Holdings Public Company Limited announced Cash dividend payment of 0.07 Paid from Operating period from 01-Jan-2022 to 30-Jun-2022. Record date for the right to receive dividends: 25-Aug-2022. Ex-dividend date 4-Aug-2022. Payment date 09-Sep-2022. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: ฿0.017 (vs ฿0.11 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.017 (down from ฿0.11 in 2Q 2021). Revenue: ฿476.2m (down 41% from 2Q 2021). Net income: ฿35.1m (down 85% from 2Q 2021). Profit margin: 7.4% (down from 28% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 05
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: ฿0.07 (down from ฿0.17 in 1Q 2021). Revenue: ฿663.5m (down 39% from 1Q 2021). Net income: ฿146.2m (down 58% from 1Q 2021). Profit margin: 22% (down from 32% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Chanitr Charnchainarong was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 29
Asia Plus Group Holdings Public Company Limited, Annual General Meeting, Apr 28, 2022 Asia Plus Group Holdings Public Company Limited, Annual General Meeting, Apr 28, 2022, at 07:00 Coordinated Universal Time. Agenda: AGM 2022. Upcoming Dividend • Mar 03
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 10 March 2022. Payment date: 17 May 2022. Payout ratio is on the higher end at 86% but the company is not cash flow positive. Trailing yield: 10%. Within top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.9%). Announcement • Feb 26
Asia Plus Group Holdings Public Company Limited Proposes Dividend For the Year 2021, Payable on 17 May 2022 Asia Plus Group Holdings Public Company Limited reported the resolutions of the Board of Directors Meeting, which was held on the 25th of February 2022 as follows: Dividend payment from 2021 operating results to the shareholders at the rate of THB 0.40 per share totaling THB 842,262,417.60 equal to 86% of the annual net profit. company had paid interim dividend at the rate of THB 0.20 per share totaling THB 421,131,208.80 on the 8th of September 2021 and that the remaining amount be paid at the rate of THB 0.20 per share totaling THB 421,131,208.80. The dividend will be payable on the 17th of May 2022 after obtaining approval from the Annual General Meeting of Shareholders via electronic meeting (E-AGM No. 28. Such dividend payment was derived from profit that was subject to corporate income tax of 20%. The rights to receive above dividend is depend upon the approval of the Annual General Meeting of Shareholders' via electronic meeting (E-AGM) No. 28. Reported Earnings • Feb 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ฿0.46 (up from ฿0.20 in FY 2020). Revenue: ฿3.35b (up 62% from FY 2020). Net income: ฿978.4m (up 135% from FY 2020). Profit margin: 29% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS ฿0.09 (vs ฿0.05 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿768.8m (up 56% from 3Q 2020). Net income: ฿196.9m (up 83% from 3Q 2020). Profit margin: 26% (up from 22% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 20
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 08 September 2021. Trailing yield: 9.1%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (3.8%). Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.07 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿812.1m (up 43% from 2Q 2020). Net income: ฿231.3m (up 50% from 2Q 2020). Profit margin: 28% (up from 27% 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 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
First quarter 2021 earnings released: EPS ฿0.17 (vs ฿0.011 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.09b (up 191% from 1Q 2020). Net income: ฿349.6m (up ฿325.5m from 1Q 2020). Profit margin: 32% (up from 6.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improved over the past week After last week's 29% share price gain to ฿3.46, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 15x in the Capital Markets industry in Thailand. Total returns to shareholders of 12% over the past three years. Announcement • Apr 29
Asia Plus Group Holdings Public Company Limited Approves Dividend for the Year 2020, Payable on May 17, 2021 Asia Plus Group Holdings Public Company Limited approved dividend payment for the year 2020 at the rate of THB 0.18 per share or THB 379,018,087.92 in total or 96.16% of the annual net profit which is in line with the Company's dividend payment policy. The shareholders also approved to set the date to determine the list of shareholders entitled to receive dividend on March 11, 2021. The dividend payment shall be made on May 17, 2021 as proposed by the Board of Directors. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 16% share price gain to ฿2.58, the stock is trading at a trailing P/E ratio of 13.1x, up from the previous P/E ratio of 11.2x. This compares to an average P/E of 13x in the Capital Markets industry in Thailand. Total return to shareholders over the past three years is a loss of 21%. Upcoming Dividend • Mar 03
Upcoming Dividend of ฿0.12 Per Share Will be paid on the 17th of May to those who are registered shareholders by the 10th of March. The trailing yield of 7.3% is in the top quartile of Thai dividend payers (5.8%), and it is higher than industry peers (5.0%). Reported Earnings • Mar 02
Full year 2020 earnings released: EPS ฿0.20 (vs ฿0.17 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿2.07b (up 12% from FY 2019). Net income: ฿415.8m (up 16% from FY 2019). Profit margin: 20% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 01
New 90-day high: ฿2.42 The company is up 20% from its price of ฿2.02 on 01 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 8.0% over the same period. Announcement • Feb 28
Asia Plus Group Holdings Public Company Limited, Annual General Meeting, Apr 28, 2021 Asia Plus Group Holdings Public Company Limited, Annual General Meeting, Apr 28, 2021, at 14:00 SE Asia Standard Time. Location: 3rd Floor, Sathorn City Tower, 175 South Sathorn Road, Khwang Thungmahamek, Khet Sathorn Bangkok Thailand Agenda: To consider the acknowledgement of directors' report relating to the operation of the company for the year 2020; to consider the Consideration and approval of the audited financial statements for the year ended the 31st of December 2020; to consider the Consideration and approval of the appropriation of profit and the payment of dividend for the year 2020; to consider the approval of the election of directors to replace those who retired by rotation; to consider the acknowledgement of directors' remuneration; to consider the Consideration and approval of the appointment of the company's auditor for the year 2021 and to fix their remuneration; and to consider other business. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS ฿0.20 (vs ฿0.17 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿2.07b (up 11% from FY 2019). Net income: ฿415.8m (up 16% from FY 2019). Profit margin: 20% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 12
New 90-day high: ฿2.30 The company is up 36% from its price of ฿1.69 on 14 October 2020. The Thai market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ฿2.20 The company is up 29% from its price of ฿1.70 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period. Reported Earnings • Nov 20
Third quarter 2020 earnings released: EPS ฿0.05 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿492.4m (up 9.1% from 3Q 2019). Net income: ฿107.7m (up 20% from 3Q 2019). Profit margin: 22% (up from 20% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 17
New 90-day high: ฿1.82 The company is up 1.0% from its price of ฿1.81 on 19 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 11% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of ฿369.4m, up 22% from the prior year. Total revenue was ฿1.90b over the last 12 months, largely unchanged from the prior year. Is New 90 Day High Low • Oct 28
New 90-day low: ฿1.66 The company is down 1.0% from its price of ฿1.68 on 30 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 17% over the same period. Announcement • Sep 24
Asia Plus Group Holdings Public Company Limited Appoints Chanitr Charnchainarong as Independent Director, Member of the Audit Committee, Nomination Committee, Risk Management Committee and Member of the Corporate Governance and Social Responsibility Committee Asia Plus Group Holdings Public Company Limited announced in the Board of Director's meeting held on September 23, 2020 has passed a resolution on the appointment of Mr. Chanitr Charnchainarong as Independent Director, member of the Audit Committee, member of the Nomination Committee, member of the Risk Management Committee and member of the Corporate Governance and Social Responsibility Committee for replacement of director. This appointment is effective from September 23, 2020 onwards. 