Reported Earnings • May 17
First quarter 2026 earnings released: EPS: ฿0.16 (vs ฿0.10 in 1Q 2025) First quarter 2026 results: EPS: ฿0.16 (up from ฿0.10 in 1Q 2025). Revenue: ฿1.11b (up 30% from 1Q 2025). Net income: ฿318.6m (up 61% from 1Q 2025). Profit margin: 29% (up from 23% 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 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 14
Upcoming dividend of ฿0.31 per share Eligible shareholders must have bought the stock before 20 April 2026. Payment date: 07 May 2026. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 7.1%. Lower than top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (3.8%). Announcement • Mar 14
KGI Securities (Thailand) Public Company Limited Appoints Chi-Sheng Niu as Chief Operating Officer, Effective March 13, 2026 and as Authorized Director, Effective March 12, 2026 KGI Securities (Thailand) Public Company Limited announced that the Meeting of the Board of Directors No. 1/2026, held on February 25, 2026, approved the appointment of Mr. Chi-Sheng Niu as the new Chief Operating Officer and Authorized Director of the Company, subject to SEC approval. The Securities and Exchange Commission approved the appointment of Mr. Chi-Sheng Niu as a Director (with Authority) and a Manager under the Securities and Exchange Act and the Derivatives Act on March 11, 2026. The effective date of the appointment of Mr. Chi-Sheng Niu as Authorized Director is March 12, 2026, and as Chief Operating Officer is March 13, 2026. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: ฿0.43 (vs ฿0.43 in FY 2024) Full year 2025 results: EPS: ฿0.43. Revenue: ฿3.58b (flat on FY 2024). Net income: ฿866.0m (flat on FY 2024). Profit margin: 24% (in line with FY 2024). Declared Dividend • Feb 28
Dividend of ฿0.31 announced Dividend of ฿0.31 is the same as last year. Ex-date: 20th April 2026 Payment date: 7th May 2026 Dividend yield will be 6.9%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (49% 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 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 27
KGI Securities (Thailand) Public Company Limited announces Annual dividend, payable on May 07, 2026 KGI Securities (Thailand) Public Company Limited announced Annual dividend of THB 0.3100 per share payable on May 07, 2026, ex-date on April 20, 2026 and record date on April 21, 2026. Announcement • Feb 26
KGI Securities (Thailand) Public Company Limited, Annual General Meeting, Apr 08, 2026 KGI Securities (Thailand) Public Company Limited, Annual General Meeting, Apr 08, 2026, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ฿0.18 (vs ฿0.10 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.18 (up from ฿0.10 in 3Q 2024). Revenue: ฿1.10b (up 15% from 3Q 2024). Net income: ฿357.6m (up 73% from 3Q 2024). Profit margin: 32% (up from 22% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.056 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.07 (up from ฿0.056 in 2Q 2024). Revenue: ฿803.7m (up 13% from 2Q 2024). Net income: ฿148.8m (up 32% from 2Q 2024). Profit margin: 19% (up from 16% in 2Q 2024). 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 8% per year, which means it has not declined as severely as earnings. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: ฿0.10 (vs ฿0.13 in 1Q 2024) First quarter 2025 results: EPS: ฿0.10 (down from ฿0.13 in 1Q 2024). Revenue: ฿860.7m (down 8.2% from 1Q 2024). Net income: ฿197.7m (down 26% from 1Q 2024). Profit margin: 23% (down from 28% 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 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 15
Upcoming dividend of ฿0.31 per share Eligible shareholders must have bought the stock before 21 April 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 71% and the cash payout ratio is 76%. Trailing yield: 7.4%. Lower than top quartile of Thai dividend payers (8.1%). Higher than average of industry peers (4.4%). Announcement • Apr 10
Kgi Securities (Thailand) Public Company Limited Approves Dividend from the 2024, to Be Paid on or About 8Th May 2025 KGI Securities (Thailand) Public Company Limited approved at its AGM held on April 9, 2025 payment of a dividend from the 2024 operating results of THB 0.31 per share, representing a payout ratio of 71% of net profit of separate financial statements amounting to approximately THB 617 million, which is in-line with the Company's dividend policy. The record date for shareholders to have the right to receive the dividend will be on 22nd April 2025. The dividend is expected to be paid on or about 8th May 2025. Declared Dividend • Feb 28
Dividend of ฿0.31 announced Dividend of ฿0.31 is the same as last year. Ex-date: 21st April 2025 Payment date: 8th May 2025 Dividend yield will be 7.3%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (76% 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 8.2% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.3% EPS decline seen over the last 5 years. Announcement • Feb 27
KGI Securities (Thailand) Public Company Limited Proposes Cash Dividend for the Year 2024, Payable on May 8, 2025 The board of directors of KGI Securities (Thailand) Public Company Limited meeting held on February 26, 2025, proposed to shareholders for their approval the distribution of a dividend for the year 2024. Cash dividend payment: THB 0.31 per share. Ex-dividend date: April 21, 2025. Record date for the right to receive dividends: April 22, 2025. Payment date: May 8, 2025. Shareholder's meeting date: April 9, 2025. Paid from: operating period from January 1, 2024 to December 31, 2024. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: ฿0.43 (vs ฿0.44 in FY 2023) Full year 2024 results: EPS: ฿0.43 (down from ฿0.44 in FY 2023). Revenue: ฿3.55b (down 1.6% from FY 2023). Net income: ฿864.7m (flat on FY 2023). Profit margin: 24% (in line with FY 2023). 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 15% per year, which means it has not declined as severely as earnings. Announcement • Feb 27
KGI Securities (Thailand) Public Company Limited, Annual General Meeting, Apr 09, 2025 KGI Securities (Thailand) Public Company Limited, Annual General Meeting, Apr 09, 2025, at 14:00 SE Asia Standard Time. Buy Or Sell Opportunity • Nov 11
Now 21% undervalued Over the last 90 days, the stock has risen 6.9% to ฿4.32. The fair value is estimated to be ฿5.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 35%. Buy Or Sell Opportunity • Oct 25
Now 20% undervalued Over the last 90 days, the stock has risen 3.8% to ฿4.36. The fair value is estimated to be ฿5.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 35%. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: ฿0.06 (vs ฿0.13 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.06 (down from ฿0.13 in 2Q 2023). Revenue: ฿709.2m (down 24% from 2Q 2023). Net income: ฿112.3m (down 58% from 2Q 2023). Profit margin: 16% (down from 28% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: ฿0.13 (vs ฿0.09 in 1Q 2023) First quarter 2024 results: EPS: ฿0.13 (up from ฿0.09 in 1Q 2023). Revenue: ฿910.8m (flat on 1Q 2023). Net income: ฿266.4m (up 45% from 1Q 2023). Profit margin: 29% (up from 20% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% 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. Upcoming Dividend • Apr 15
Upcoming dividend of ฿0.31 per share Eligible shareholders must have bought the stock before 22 April 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (3.8%). Announcement • Apr 10
KGI Securities (Thailand) Public Company Limited Approves Dividend from the 2023 Operating Results, Payable on or About 9 May 2024 KGI Securities (Thailand) Public Company Limited approved at its AGM held on 10 April 2024 dividend from the 2023 operating results of THB 0.31 per share, representing a payout ratio of 71% of net profit of separate financial statements amounting to approximately THB 617 million, which is in-line with the Company's dividend policy. The record date for shareholders to have the right to receive the dividend will be on 23 April 2024. The dividend is expected to be paid on or about 9 May 2024. Declared Dividend • Feb 23
Dividend of ฿0.31 announced Shareholders will receive a dividend of ฿0.31. Ex-date: 22nd April 2024 Payment date: 9th May 2024 Dividend yield will be 6.4%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is well covered by cash flows (43% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.3% to bring the payout ratio under control. However, EPS has declined by 4.3% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: ฿0.44 (vs ฿0.50 in FY 2022) Full year 2023 results: EPS: ฿0.44 (down from ฿0.50 in FY 2022). Revenue: ฿3.65b (down 5.1% from FY 2022). Net income: ฿868.5m (down 14% from FY 2022). Profit margin: 24% (down from 26% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ฿0.13 (vs ฿0.18 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.13 (down from ฿0.18 in 3Q 2022). Revenue: ฿943.4k (down 100% from 3Q 2022). Net income: ฿255.7k (down 100% from 3Q 2022). Profit margin: 27% (down from 32% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: ฿0.13 (vs ฿0.13 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.13 (down from ฿0.13 in 2Q 2022). Revenue: ฿933.2m (down 1.3% from 2Q 2022). Net income: ฿266.4m (flat on 2Q 2022). Profit margin: 28% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Announcement • Aug 22
Thai Beverage Public Company Limited (SGX:Y92) completed the acquisition of remaining 20.34% stake in Oishi Group Public Company Limited (SET:OISHI) from a group of shareholders. Thai Beverage Public Company Limited (SGX:Y92) made an offer to acquire remaining 20.34% stake in Oishi Group Public Company Limited (SET:OISHI) from a group of shareholders for THB 4.5 billion on March 10, 2023. As reported, Thai Beverage Public Company will make a tender offer for 76,279,602 shares in Oishi Group at a price of THB 59 per share, payable in cash. The deal will be financed through internal funds. In this regard, Thai Beverage Public Company has source of fund for this tender offer from credit facility from Siam Commercial Bank PCL under its’s existing credit facility with the Bank. Following the completion, Thai Beverage Public Company plans to delist the shares of Oishi from being securities listed on the Stock Exchange of Thailand. The offer is subject to approval from Oishi’s shareholders. On May 3, 2023, Oishi Group shareholders approved the transaction. As of May 12, 2023, all the conditions precedent for the transaction have been fulfilled. The offer period will be a total of 45 business days, from June 15, 2023 to August 21, 2023. Kiatnakin Phatra Bank Public Company Limited (SET:KKP) acted as financial advisor and Weerawong, Chinnavat & Peangpanor Ltd. acted as legal advisor to Thai Beverage Public Company Limited. Jay Capital Advisory Limited acted as independent financial advisor and provided fairness opinion to the Board of Oishi Group.Thai Beverage Public Company Limited (SGX:Y92) completed the acquisition of remaining 20.34% stake in Oishi Group Public Company Limited (SET:OISHI) from a group of shareholders on August 21, 2023. Buying Opportunity • Aug 03
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ฿5.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 26%. Announcement • Jun 22
China Development Financial Holding Corporation, KGI Securities (Thailand) Public Company Limited, Annual General Meeting, Jun 21, 2023 China Development Financial Holding Corporation, KGI Securities (Thailand) Public Company Limited, Annual General Meeting, Jun 21, 2023. Agenda: To consider ratification of the proposal for Y2022 earnings distribution; to ratification of the Y2022 Business Report, Financial Statements and Consolidated Financial Statements; and to consider other matters. Reported Earnings • May 13
First quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.16 in 1Q 2022) First quarter 2023 results: EPS: ฿0.09 (down from ฿0.16 in 1Q 2022). Revenue: ฿902.6m (down 16% from 1Q 2022). Net income: ฿183.5m (down 42% from 1Q 2022). Profit margin: 20% (down from 29% 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 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 11
Upcoming dividend of ฿0.35 per share at 7.0% yield Eligible shareholders must have bought the stock before 18 April 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 7.0%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.3%). Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: ฿0.50 (vs ฿0.93 in FY 2021) Full year 2022 results: EPS: ฿0.50 (down from ฿0.93 in FY 2021). Revenue: ฿3.85b (down 27% from FY 2021). Net income: ฿1.00b (down 46% from FY 2021). Profit margin: 26% (down from 35% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Vice Chairman Picharn Kullavanijaya 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. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: ฿0.13 (vs ฿0.21 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.13 (down from ฿0.21 in 2Q 2021). Revenue: ฿945.3m (down 27% from 2Q 2021). Net income: ฿267.7m (down 37% from 2Q 2021). Profit margin: 28% (down from 33% 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 34% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: ฿0.16 (vs ฿0.36 in 1Q 2021) First quarter 2022 results: EPS: ฿0.16 (down from ฿0.36 in 1Q 2021). Revenue: ฿1.08b (down 37% from 1Q 2021). Net income: ฿317.0m (down 56% from 1Q 2021). Profit margin: 29% (down from 42% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% 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 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. 1 experienced director. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Vice Chairman Picharn Kullavanijaya 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. Upcoming Dividend • Apr 11
Upcoming dividend of ฿0.55 per share Eligible shareholders must have bought the stock before 18 April 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 8.3%. Within top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (4.4%). Announcement • Apr 09
KGI Securities (Thailand) Public Company Limited Approves Dividend for the Year 2021, Payable on or About 5 May 2022 KGI Securities (Thailand) Public Company Limited at its AGM held on April 7, 2022, approved the payment of a dividend from the 2021 operating results of THB 0.55 per share, amounting to approximately THB 1,095 million. The record date for shareholders to have the right to receive the dividend will be on 19 April 2022 (Ex-dividend date: April 2022). The dividend is expected to be paid on or about 5 May 2022. Announcement • Feb 25
KGI Securities (Thailand) Public Company Limited, Annual General Meeting, Apr 07, 2022 KGI Securities (Thailand) Public Company Limited, Annual General Meeting, Apr 07, 2022, at 07:00 Coordinated Universal Time. Agenda: To acknowledge the Board of Directors' Annual Report for 2021; to consider and approve the audited financial statements for the year ended 31st December 2021; to consider and approve the distribution of a dividend for the year 2021; to consider and approve the re-election of Directors who retire by rotation; to consider and approve the Directors' remuneration for 2022; to consider and approve the appointment of the auditors and the audit fee for 2022; and to consider other matters. Announcement • Feb 24
KGI Securities (Thailand) Public Company Limited Proposes Dividend for the Year 2021, Payable on or About 5 May 2022 KGI Securities (Thailand) Public Company Limited announced that at its board meeting held on 23 February 2022, approved the payment of a dividend from the 2021 operating results of THB 0.55 per share, representing a payout ratio of 59% of net profit of separate financial statements which amounts to approximately THB 1,095 million, which is in-line with the company's dividend policy. The record date for shareholders to have the right to receive the dividend will be on 19 April 2022. The dividend is expected to be paid on or about 5 May 2022. The dividend will be proposed to the Annual General Meeting of Shareholders for approval. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.93 (up from ฿0.28 in FY 2020). Revenue: ฿5.28b (up 91% from FY 2020). Net income: ฿1.86b (up 227% from FY 2020). Profit margin: 35% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS ฿0.20 (vs ฿0.24 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿1.20b (up 14% from 3Q 2020). Net income: ฿403.3m (down 15% from 3Q 2020). Profit margin: 34% (down from 45% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS ฿0.21 (vs ฿0.098 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿1.27b (up 89% from 2Q 2020). Net income: ฿422.0m (up 117% from 2Q 2020). Profit margin: 33% (up from 29% 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 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ฿6.00, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 12x in the Capital Markets industry in Thailand. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 28% share price gain to ฿8.10, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 12x in the Capital Markets industry in Thailand. Total returns to shareholders of 138% over the past three years. Reported Earnings • May 14
First quarter 2021 earnings released: EPS ฿0.36 (vs ฿0.25 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and profit margins, although earnings were improved. First quarter 2021 results: Revenue: ฿1.70b (down 1,221% from 1Q 2020). Net income: ฿713.7m (up ฿1.22b from 1Q 2020). Profit margin: 42% (down from 335% in 1Q 2020). The decrease in margin was primarily driven by lower revenue. 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 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improved over the past week After last week's 15% share price gain to ฿5.15, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 18x in the Capital Markets industry in Thailand. Total returns to shareholders of 46% over the past three years. Upcoming Dividend • Apr 10
Upcoming dividend of ฿0.25 per share Eligible shareholders must have bought the stock before 16 April 2021. Payment date: 05 May 2021. Trailing yield: 5.4%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (4.7%). Announcement • Mar 12
KGI Securities (Thailand) Public Company Limited Proposes Dividend Payable on May 5, 2021 The Board of Directors of KGI Securities (Thailand) Public Company Limited has proposed the payment of a dividend of THB 0.25 per share. This is equivalent to a dividend payout ratio of 88%. This cash dividend will be proposed to shareholders at the forthcoming Annual General Meeting and if approved is expected to be paid on or about 5th May 2021. Announcement • Feb 25
KGI Securities (Thailand) Public Company Limited, Annual General Meeting, Apr 07, 2021 KGI Securities (Thailand) Public Company Limited, Annual General Meeting, Apr 07, 2021, at 14:00 SE Asia Standard Time. Agenda: To consider and certify the minutes of the Annual General Meeting of Shareholders No.1/2020 held on 22nd September 2020; to acknowledge the Board of Directors' Annual Report for 2020; to consider and approve the audited financial statements for the year ended 31st December 2020; to consider and approve the appropriation of profit and the distribution of a dividend for the year 2020; to consider and approve the re-election of Directors who retire by rotation; to consider and approve the Directors' remuneration for 2021; to consider and approve the appointment of the auditors and the audit fee for 2021; and to consider other matters. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS ฿0.28 (vs ฿0.49 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿2.76b (down 15% from FY 2019). Net income: ฿567.6m (down 42% from FY 2019). Profit margin: 21% (down from 30% in FY 2019). The decrease in margin was driven by lower revenue. 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 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 17
New 90-day high: ฿4.34 The company is up 25% from its price of ฿3.46 on 19 November 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 12% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: ฿4.06 The company is up 39% from its price of ฿2.92 on 12 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 • Nov 19
New 90-day high: ฿3.46 The company is up 2.0% from its price of ฿3.38 on 21 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 8.0% over the same period. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 18% share price gain to ฿3.38, the stock is trading at a trailing P/E ratio of 17.3x, up from the previous P/E ratio of 14.7x. This compares to an average P/E of 12x in the Capital Markets industry in Thailand. Total return to shareholders over the past three years is a loss of 2.3%. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS ฿0.24 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.05b (up 27% from 3Q 2019). Net income: ฿473.7m (up 104% from 3Q 2019). Profit margin: 45% (up from 28% in 3Q 2019). The increase in margin was primarily 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 12% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 19
New 90-day low: ฿2.76 The company is down 21% from its price of ฿3.48 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 16% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ฿2.88 The company is down 17% from its price of ฿3.48 on 26 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 Capital Markets industry, which is down 14% over the same period.