Reported Earnings • May 11
First quarter 2026 earnings released: EPS: ฿0.19 (vs ฿0.15 in 1Q 2025) First quarter 2026 results: EPS: ฿0.19 (up from ฿0.15 in 1Q 2025). Revenue: ฿205.9m (up 6.7% from 1Q 2025). Net income: ฿115.4m (up 24% from 1Q 2025). Profit margin: 56% (up from 48% in 1Q 2025). The increase in margin was primarily 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 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 02
Upcoming dividend of ฿0.14 per share Eligible shareholders must have bought the stock before 09 April 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 7.1%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.1%). Buy Or Sell Opportunity • Mar 12
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to ฿4.04. The fair value is estimated to be ฿3.37, 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 grown by 9.9%. New Risk • Mar 02
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: 6.9% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 20% 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. Market cap is less than US$100m (฿2.50b market cap, or US$79.6m). Declared Dividend • Feb 23
Dividend of ฿0.14 announced Shareholders will receive a dividend of ฿0.14. Ex-date: 9th April 2026 Payment date: 30th April 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (14% 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 62% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.5% EPS decline seen over the last 5 years. Announcement • Feb 19
S 11 Group Public Company Limited, Annual General Meeting, Apr 02, 2026 S 11 Group Public Company Limited, Annual General Meeting, Apr 02, 2026, at 10:00 SE Asia Standard Time. Location: s 11 group pcl. located on 888 soi.chatuchot 10, chatuchot rd., ao-ngeon, saimai, bangkok 10220, bangkok Thailand Upcoming Dividend • Nov 13
Upcoming dividend of ฿0.11 per share Eligible shareholders must have bought the stock before 20 November 2025. Payment date: 04 December 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Thai dividend payers (8.0%). In line with average of industry peers (3.1%). Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.098 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.15 (up from ฿0.098 in 3Q 2024). Revenue: ฿225.6m (up 28% from 3Q 2024). Net income: ฿91.4m (up 52% from 3Q 2024). Profit margin: 41% (up from 34% 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 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: ฿0.14 (vs ฿0.047 loss in 2Q 2024) Second quarter 2025 results: EPS: ฿0.14 (up from ฿0.047 loss in 2Q 2024). Revenue: ฿177.7m (up 154% from 2Q 2024). Net income: ฿83.6m (up ฿112.5m from 2Q 2024). Profit margin: 47% (up from net loss in 2Q 2024). The move to profitability was primarily 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 15% per year, which means it has not declined as severely as earnings. Reported Earnings • May 11
First quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.039 loss in 1Q 2024) First quarter 2025 results: EPS: ฿0.15 (up from ฿0.039 loss in 1Q 2024). Revenue: ฿192.9m (up 131% from 1Q 2024). Net income: ฿92.9m (up ฿116.6m from 1Q 2024). Profit margin: 48% (up from net loss in 1Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% 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. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿2.90, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 13x in the Consumer Finance industry in Thailand. Total loss to shareholders of 49% over the past three years. Upcoming Dividend • Apr 04
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 11 April 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (7.7%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ฿2.50, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 13x in the Consumer Finance industry in Thailand. Total loss to shareholders of 58% over the past three years. Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: ฿0.19 (vs ฿0.081 in FY 2023) Full year 2024 results: EPS: ฿0.19 (up from ฿0.081 in FY 2023). Revenue: ฿541.6m (up 3.2% from FY 2023). Net income: ฿116.6m (up 136% from FY 2023). Profit margin: 22% (up from 9.4% in FY 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • Feb 14
S 11 Group Public Company Limited Proposes Dividend for the Year 2024 Ended 31 December, 2024, Payable on April 30, 2025 S 11 Group Public Company Limited at the Board of Directors' Meeting held on February 13, 2025, dividend payment of THB 0.10 per share or total dividend payout amount THB 61,300,000. The above dividend distribution shall be payable to the shareholders whose names are listed in the Record Date on April 16, 2025 for the year 2024 ended 31 December, 2024. The payment of the dividend will be made on April 30, 2025. And the Board of Directors proposed to the shareholders meeting for the approval. The dividend payment is uncertain and subject To Approve the shareholders' meeting to be held on April 3, 2025. New Risk • Feb 14
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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 34% per year over the past 5 years. Minor Risks High level of debt (92% net debt to equity). 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 (7.9% average weekly change). Market cap is less than US$100m (฿1.42b market cap, or US$42.3m). Announcement • Feb 14
S 11 Group Public Company Limited, Annual General Meeting, Apr 03, 2025 S 11 Group Public Company Limited, Annual General Meeting, Apr 03, 2025, at 10:00 SE Asia Standard Time. Location: s 11 group pcl. located on 888, soi.chatuchot 10, chatuchot rd., ao-ngeon,saimai, bangkok 10220 Thailand Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.053 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.10 (up from ฿0.053 in 3Q 2023). Revenue: ฿176.9m (up 4.6% from 3Q 2023). Net income: ฿60.1m (up 84% from 3Q 2023). Profit margin: 34% (up from 19% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • Oct 02
S 11 Group Public Company Limited Announces Board and Committee Changes S 11 Group Public Company Limited announced resignation of Director of Mrs. Vachira Na Ranong and the appointment of Mr. Chusak Salee as independent director and audit committee member of the Company with the directorship's term equal to Mrs. Vachira Na Ranong's whose resigned which has been effective since September 29, 2024 onward. Appointment of Mr. Chusak Salee as Chairman of audit committee which has been effective since September 29, 2024 onward. New Risk • Aug 19
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 7.0% 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 Debt is not well covered by operating cash flow (8.2% operating cash flow to total debt). Earnings have declined by 29% 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 (7.0% average weekly change). Market cap is less than US$100m (฿1.29b market cap, or US$37.3m). Reported Earnings • Aug 12
Second quarter 2024 earnings released: ฿0.05 loss per share (vs ฿0.055 profit in 2Q 2023) Second quarter 2024 results: ฿0.05 loss per share (down from ฿0.055 profit in 2Q 2023). Revenue: ฿69.8m (down 55% from 2Q 2023). Net loss: ฿28.9m (down 186% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Reported Earnings • May 11
First quarter 2024 earnings released: ฿0.04 loss per share (vs ฿0.061 profit in 1Q 2023) First quarter 2024 results: ฿0.04 loss per share (down from ฿0.061 profit in 1Q 2023). Revenue: ฿83.5m (down 45% from 1Q 2023). Net loss: ฿23.7m (down 164% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: ฿0.08 (vs ฿0.57 in FY 2022) Full year 2023 results: EPS: ฿0.08 (down from ฿0.57 in FY 2022). Revenue: ฿525.1m (down 37% from FY 2022). Net income: ฿49.5m (down 86% from FY 2022). Profit margin: 9.4% (down from 42% 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 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Feb 29
S 11 Group Public Company Limited, Annual General Meeting, Apr 04, 2024 S 11 Group Public Company Limited, Annual General Meeting, Apr 04, 2024, at 10:00 SE Asia Standard Time. Location: 888 Soi.Chatuchot 10, Chatuchot Road, Ao-Ngoen Sub-district, Saimai District, Bangkok Thailand Agenda: To certify the minutes of the 2023 Annual General Meeting of Shareholders; to acknowledge the Company's operating performance for the year 2023; to consider and approve the consolidated financial statement of the Company and its subsidiary for the year 2023 ended 31 December 2023 which has been audited by external auditor; to consider and approve the profit allocation as legal reserve and non-dividend payment for the operating results of the year 2023 ended 31 December 2023; to consider and approve the re-election of directors who retired by rotation for the year 2024; to consider and approve the remunerations of the Board of Directors for the year 2024; to consider and approve the appointment of External Auditor and determine their remuneration for the year 2024; and to consider any other businesses. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿3.00, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 15x in the Consumer Finance industry in Thailand. Total loss to shareholders of 54% over the past three years. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.20 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.05 (down from ฿0.20 in 3Q 2022). Revenue: ฿169.0m (down 34% from 3Q 2022). Net income: ฿32.7m (down 74% from 3Q 2022). Profit margin: 19% (down from 49% in 3Q 2022). The decrease in margin was primarily 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 only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.10 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.06 (down from ฿0.10 in 2Q 2022). Revenue: ฿153.9m (down 10.0% from 2Q 2022). Net income: ฿33.8m (down 46% from 2Q 2022). Profit margin: 22% (down from 37% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. 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 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 10
Upcoming dividend of ฿0.10 per share at 4.0% yield Eligible shareholders must have bought the stock before 17 April 2023. Payment date: 03 May 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: ฿0.57 (vs ฿0.65 in FY 2021) Full year 2022 results: EPS: ฿0.57 (down from ฿0.65 in FY 2021). Revenue: ฿833.9m (down 13% from FY 2021). Net income: ฿351.7m (down 12% from FY 2021). Profit margin: 42% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 16% 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. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ฿0.20 (vs ฿0.18 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.20 (up from ฿0.18 in 3Q 2021). Revenue: ฿254.6m (down 2.4% from 3Q 2021). Net income: ฿123.4m (up 14% from 3Q 2021). Profit margin: 49% (up from 41% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year. 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. 3 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Thirawat Sarindu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 11
S 11 Group Public Company Limited Declares Dividend for the Operating Period from 01-Jan-2022 to 30-Sep-2022, Payable on 09 Dec. 2022 S 11 Group Public Company Limited declares dividend of THB 0.10 for the Operating period from 01-Jan-2022 to 30-Sep-2022, payable on 09 Dec. 2022. Record date for the right to receive dividends 24-Nov-2022 and Ex-dividend date 23-Nov-2022. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: ฿0.10 (vs ฿0.17 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.10 (down from ฿0.17 in 2Q 2021). Revenue: ฿171.0m (down 33% from 2Q 2021). Net income: ฿62.9m (down 41% from 2Q 2021). Profit margin: 37% (down from 42% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 15% per year. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: ฿0.13 (vs ฿0.14 in 1Q 2021) First quarter 2022 results: EPS: ฿0.13 (down from ฿0.14 in 1Q 2021). Revenue: ฿196.0m (down 16% from 1Q 2021). Net income: ฿79.0m (down 8.6% from 1Q 2021). Profit margin: 40% (up from 37% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. 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. 3 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Thirawat Sarindu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 09
S 11 Group Public Company Limited Approves Dividend Payment for the Year Ended 31 December 2021, Payable on May 6, 2022 S 11 Group Public Company Limited at its AGM held on April 7, 2022, approved the dividend payment for the operating results from the separate financial statement of the year 2021 ended 31 December 2021, by distributing the dividend payout rate of THB 0.26 per share, totaling THB 159,380,000. Moreover, the Company paid interim dividend at the rate of THB 0.10 per share and will pay the remaining dividend at the rate of THB 0.16 per share. The payment will be made on May 6, 2022. Upcoming Dividend • Apr 05
Upcoming dividend of ฿0.16 per share Eligible shareholders must have bought the stock before 12 April 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.65 (down from ฿0.80 in FY 2020). Revenue: ฿968.4m (down 19% from FY 2020). Net income: ฿400.0m (down 19% from FY 2020). Profit margin: 41% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Nov 17
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 24 November 2021. Payment date: 09 December 2021. Trailing yield: 3.0%. Lower than top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (1.9%). Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS ฿0.18 (vs ฿0.20 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿260.8m (down 12% from 3Q 2020). Net income: ฿108.1m (down 10% from 3Q 2020). Profit margin: 41% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.18 (vs ฿0.27 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿255.5m (down 28% from 2Q 2020). Net income: ฿106.7m (down 35% from 2Q 2020). Profit margin: 42% (down from 46% in 2Q 2020). The decrease in margin was driven by lower 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 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.18 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: ฿232.3m (down 22% from 1Q 2020). Net income: ฿86.5m (down 22% from 1Q 2020). Profit margin: 37% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 05
Upcoming dividend of ฿0.15 per share Eligible shareholders must have bought the stock before 12 April 2021. Payment date: 30 April 2021. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 17
Full year 2020 earnings released: EPS ฿0.80 (vs ฿0.86 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿1.20b (down 4.0% from FY 2019). Net income: ฿491.3m (down 7.1% from FY 2019). Profit margin: 41% (down from 42% in FY 2019). The decrease in margin was driven by lower revenue. 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 2% per year, which means it is significantly lagging earnings. Announcement • Feb 16
S 11 Group Public Company Limited, Annual General Meeting, Apr 01, 2021 S 11 Group Public Company Limited, Annual General Meeting, Apr 01, 2021, at 08:30 Indian Standard Time. Location: 888 Soi.Chatuchot 10, Chatuchot Road, Ao-Ngoen Sub-district, Saimai District Bangkok Thailand Agenda: To Certify the minutes of the 2020 Annual General Meeting of Shareholders Acknowledge the Company's operating performance for the year 2020; to Consider and approve the financial statement of the Company and its subsidiary for the year 2020 ended 31 December 2020 which has been audited by external auditor; to Acknowledge the interim dividend payment and approve the profit allocation as legal reserve and dividend payment for the operating results of the year 2020 ended 31 December 2020; to Consider and approve the re-election of directors who retired by rotation for the year 2021; to Consider and approve the remunerations of the Board of Directors for the year 2021; to Consider and approve the appointment of External Auditor and determine their remuneration for the year 2021; and to Consider any other businesses (if any). Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 16% share price gain to ฿7.80, the stock is trading at a trailing P/E ratio of 9x, up from the previous P/E ratio of 7.8x. This compares to an average P/E of 16x in the Consumer Finance industry in Thailand. Total returns to shareholders over the past three years are 15%. Is New 90 Day High Low • Dec 25
New 90-day high: ฿7.35 The company is up 18% from its price of ฿6.25 on 25 September 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Finance industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ฿6.90 The company is up 5.0% from its price of ฿6.60 on 09 September 2020. The Thai market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 31% over the same period. Upcoming Dividend • Nov 18
Upcoming Dividend of ฿0.10 Per Share Will be paid on the 9th of December to those who are registered shareholders by the 25th of November. The trailing yield of 6.8% is in the top quartile of Thai dividend payers (6.7%), and it is higher than industry peers (2.7%). Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ฿0.20 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿295.3m (down 7.0% from 3Q 2019). Net income: ฿120.4m (down 9.1% from 3Q 2019). Profit margin: 41% (down from 42% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 08
New 90-day high: ฿6.75 The company is up 34% from its price of ฿5.05 on 10 July 2020. The Thai market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 5.0% over the same period.