Announcement • Jun 21
KWI Public Company Limited Announces Board Appointments, Effective June 19, 2025 KWI Public Company Limited announced election of Mr. Jirawat Jirapokawin and Miss Sirintra Kongpaisarnnatee as Directors, effective June 19, 2025. The date of board's resolution/submit news is June 20, 2025. Board Change • Jun 05
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director M.R. Yugala was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 25
KWI Public Company Limited Announces Appointment of Captain M.R. Chularangsri Yugala as Independent Director and Member of the Audit Committee KWI Public Company Limited announced appointment of CAPTAIN M.R. Chularangsri Yugala as new independent director and a new member of the Audit Committee in replacement of resigned director Effective Date: 24 March 2025. The Audit Committee is consisted of: CHAIRMAN OF THE AUDIT COMMITTEE: Mrs. JIRAPORN PIMPOORASH and Audit Committee CAPTAIN M.R. Chularangsri Yugala. AUDIT COMMITTEE: Mr. ROBERT BOUGHEY; SECRETARY OF THE AUDIT COMMITTEE Ms. Matchima Akaradilok. Determination/Change in the scope of duties and responsibilities of the Audit Committee with the following details: 1. Review financial statements to ensure adequacy, accuracy and proper disclosure as required by accounting standards and relevant laws. 2. Review the efficiency of the internal audit system set by management. 3. Review business operations in accordance with the requirements of the Securities and Exchanges Act, Rules and Principle Standards of the SET or any other laws related to the Company's. 4. Consider, select, and nominate an independent person as the Company's auditor, and to propose the aforementioned person's remuneration, as well as to attend the meeting separately with external auditors to discuss any matters without the presence of management at least once a year. 5. Review relevant transactions for any conflicts of interest, adherence to related laws and regulations of compliance and to ensure that such transactions are transparent. 6. Ensure transparency and accuracy in the Company's disclosure of relevant transactions, conflicts of interest or any other operation which may cause significant impact on the Company. 7. Report on activities of the AC in the Company's annual reports which must be signed by the Chairman of the AC. 8. Perform any other act as assigned by the Board of Directors with the agreement of the AC. Announcement • Mar 13
KWI Public Company Limited Announces the Resignation of Luo Jianrong as Director KWI Public Company Limited announced that Mr. Luo Jianrong, Director has submitted his resignation. The Company received his resignation letter on 6 March 2025. Therefore, his resignation will take effect from the date the Company received the resignation letter. New Risk • Feb 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risk Market cap is less than US$100m (฿899.5m market cap, or US$26.6m). Announcement • Jan 06
KWI Public Company Limited Announces Resignation of Somprasong Makkasaman as Independent Director and Audit Committee KWI Public Company Limited announced that Mr. Somprasong Makkasaman, Independent Director and Audit Committee has submitted his resignation due to health issues. The Company received his resignation letter on 6 January 2025. Therefore, his resignation will take effect from the date the Company received the resignation letter. Announcement • Sep 03
KWI Public Company Limited Appoints Robert Boughey as New Independent Director and A New Member of the Audit Committee KWI Public Company Limited announced that the Board of Directors' Meeting No. 7/2024 ("Meeting"), held on 3 September 2024, resolved to approve the appointment of Mr. Robert Boughey to be a new independent director and a new member of the Audit Committee replacing Mr. Prasertsakdhi Sribhibhadh who submitted his resignation effective August 14, 2024, as previously disclosed to the Stock Exchange of Thailand. The audit committee is consisted of: Chairman of the audit committee Mrs. Jiraporn Pimpoorash remaining term in office 1 year 8 months, Member of the audit committee Mr. Somprasong Makkasaman remaining term in office 8_months, Member of the audit committee Mr. Robert Boughey remaining term in office 2 years 8 months. Announcement • Aug 16
KWI Public Company Limited Announces Resignation of Prasertsakdhi Sribhibhadh as Independent Director and Audit Committee KWI Public Company Limited announced that the Board of Directors' Meeting No. 6/2024, which was held on 14 August 2024, resolved to acknowledge the resignation of Mr. Prasertsakdhi Sribhibhadh, Independent Director and Audit Committee due to his health issue, effective from 14 August 2024 onward. Reported Earnings • Aug 16
Second quarter 2024 earnings released: ฿0.12 loss per share (vs ฿0.03 loss in 2Q 2023) Second quarter 2024 results: ฿0.12 loss per share (further deteriorated from ฿0.03 loss in 2Q 2023). Revenue: ฿1.35b (up 432% from 2Q 2023). Net loss: ฿249.8m (loss widened 307% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Announcement • Jun 28
KWI Public Company Limited Announces Board and Committee Changes KWI Public Company Limited at its board meeting held on June 27, 2024, resolved to acknowledge the resignations of Lt. Gen. Anchalee Kerdpholngarm, who had served as an independent director and member of the Audit Committee, due to her personal missions, effective on 30 June 2024 onwards. Additionally, the Meeting also resolved to approve the appointment of Mr. Prasertsakdhi Sribhibhadh to be a new independent director and a new member of the Audit Committee in replacement of the resigned director. The audit committee is consisted of: Chairman of the audit committee Mrs. Jiraporn Pimpoorash remaining term in office 1 year 10 months; Member of the audit committee Mr. Somprasong Makkasaman remaining term in office 10 months; Member of the audit committee Mr. Prasertsakdhi Sribhibhadh remaining term in office 2 years 10 months Secretary of the audit committee Ms. Matchima Akaradilok. Reported Earnings • May 17
First quarter 2024 earnings released: ฿0.16 loss per share (vs ฿0.13 loss in 1Q 2023) First quarter 2024 results: ฿0.16 loss per share (further deteriorated from ฿0.13 loss in 1Q 2023). Revenue: ฿349.2m (up 42% from 1Q 2023). Net loss: ฿329.3m (loss widened 22% from 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 27% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Full year 2023 earnings released: ฿0.25 loss per share (vs ฿0.23 loss in FY 2022) Full year 2023 results: ฿0.25 loss per share (further deteriorated from ฿0.23 loss in FY 2022). Revenue: ฿1.38b (up 34% from FY 2022). Net loss: ฿504.3m (loss widened 14% from FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Feb 01
KWI Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 600 million. KWI Public Company Limited has filed a Follow-on Equity Offering in the amount of THB 600 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 857,142,857
Price\Range: THB 0.7
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 16
Third quarter 2023 earnings released: ฿0.025 loss per share (vs ฿0.081 loss in 3Q 2022) Third quarter 2023 results: ฿0.025 loss per share (improved from ฿0.081 loss in 3Q 2022). Revenue: ฿391.4m (up 28% from 3Q 2022). Net loss: ฿50.4m (loss narrowed 70% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Announcement • Nov 15
KWI Public Company Limited Appoints Banthara Nantha-Amornphong as Company Secretary KWI Public Company Limited at its board meeting held on November 14, 2023, resolved to appoint Miss. Banthara Nantha-Amornphong as the Company Secretary. This appointment shall be effective from 14 November 2023 onwards. Announcement • Nov 02
KWI Public Company Limited Changing of CFO Changes KWI Public Company Limited announced resignation of Mr. Ko Chuen Siew as Group Chief Financial Officer, Effective Date of Termination 31 October 2023 and appointment of Mr. Tim Tak Timothy as Group Chief Financial Officer, Effective Date of Appointment 01 November 2023. Announcement • Oct 28
Kwi Public Company Limited Announces Executive Changes KWI Public Company Limited informed that the Board of Directors' Meeting held on 27 October 2023, resolved to acknowledge the resignations of Mr. Chukiat Pramoolphol, who had served as an independent director and member of the Audit Committee, due to his personal missions, as well as Mrs. Nie Jing, who had served as a director, effective on 25 and 26 October 2023 onwards,respectively. And, it resolved to approve the appointment of new directors in replacement of the resigned directors as follows: 1.Approved the appointment of Mrs. Anchalee Kerdpholngam to be an independent director and member of the Audit Committee. 2. Approved the appointment of Mr. Luo Jianrong to be a director. The audit committee is consisted of: 1. Chairman of the audit committee Mrs. Jiraporn Pimpoorash remaining term in office 2 years 6 months, 2. Member of the audit committee Mr. Somprasong Makkasaman remaining term in office 1 years 6 months, 3. Member of the audit committee Ms. Anchalee Kerdpholngarm remaining term in office 6 months, Secretary of the audit committee Mr. Natthawat Chilajindalert. Reported Earnings • Aug 12
Second quarter 2023 earnings released: ฿0.03 loss per share (vs ฿0.028 profit in 2Q 2022) Second quarter 2023 results: ฿0.03 loss per share (down from ฿0.028 profit in 2Q 2022). Revenue: ฿268.9m (up 46% from 2Q 2022). Net loss: ฿61.5m (down 208% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jul 01
KWI Public Company Limited Announces Resignation of Ms. Prispakorn Pangwiphat from the Position of Company Secretary, Effective on July 1, 2023 KWI Public Company Limited informed that Ms. Prispakorn Pangwiphat has resigned from the position of Company Secretary due to her resignation from the company, effective on 1 July 2023 onwards. Reported Earnings • May 18
First quarter 2023 earnings released: ฿0.13 loss per share (vs ฿0.049 profit in 1Q 2022) First quarter 2023 results: ฿0.13 loss per share (down from ฿0.049 profit in 1Q 2022). Revenue: ฿256.7m (up 28% from 1Q 2022). Net loss: ฿271.1m (down 464% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Mar 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Chukiat Pramoolpol was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 19
Third quarter 2022 earnings released: ฿0.081 loss per share (vs ฿0.087 loss in 3Q 2021) Third quarter 2022 results: ฿0.081 loss per share. Revenue: ฿306.4m (up 32% from 3Q 2021). Net loss: ฿165.5m (loss widened 44% from 3Q 2021). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Chukiat Pramoolpol was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: ฿0.028 (vs ฿0.17 loss in 2Q 2021) Second quarter 2022 results: EPS: ฿0.028 (up from ฿0.17 loss in 2Q 2021). Revenue: ฿209.8m (up 28% from 2Q 2021). Net income: ฿57.2m (up ฿285.2m from 2Q 2021). Profit margin: 27% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: ฿0.049 (vs ฿0.081 loss in 1Q 2021) First quarter 2022 results: EPS: ฿0.049 (up from ฿0.081 loss in 1Q 2021). Revenue: ฿200.9m (up 155% from 1Q 2021). Net income: ฿74.5m (up ฿180.7m from 1Q 2021). Profit margin: 37% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. 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. 5 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Chukiat Pramoolpol was the last independent director to join the board, commencing their role in 2004. 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 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿0.42 loss per share (down from ฿0.27 loss in FY 2020). Revenue: ฿722.3m (up 204% from FY 2020). Net loss: ฿553.2m (loss widened 57% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Nov 17
Third quarter 2021 earnings released: ฿0.087 loss per share (vs ฿0.092 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ฿247.1m (up 379% from 3Q 2020). Net loss: ฿114.9m (loss narrowed 4.8% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Executive Departure • Aug 24
Company Secretary Jeerasuda Sasanus has left the company On the 23rd of August, Jeerasuda Sasanus' tenure as Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Jeerasuda's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.13 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 18
Second quarter 2021 earnings released: ฿0.17 loss per share (vs ฿0.047 loss in 2Q 2020) The company reported a decent second quarter result with improved revenues, although losses increased and control over costs was weaker. Second quarter 2021 results: Revenue: ฿165.5m (up 180% from 2Q 2020). Net loss: ฿228.1m (loss widened 265% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
First quarter 2021 earnings released: ฿0.08 loss per share (vs ฿0.057 loss in 1Q 2020) First quarter 2021 results: Net loss: ฿106.2m (loss widened 41% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 24
Deputy CEO & Director De Peng has left the company On the 16th of April, De Peng, was replaced as CEO by Tat Chan Hang. We don't have any record of a personal shareholding under De's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Feb 28
Full year 2020 earnings released: ฿0.26 loss per share (vs ฿0.29 loss in FY 2019) Full year 2020 results: Net loss: ฿351.2m (loss narrowed 7.3% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Executive Departure • Feb 18
Deputy CEO, Acting Company Secretary & Director Yupeng Huang has left the company On the 17th of February, Yupeng Huang, was replaced as CEO by Tat Chan Hang after 2.4 years in the role. We don't have any record of a personal shareholding under Yupeng's name. A total of 2 executives have left over the last 12 months. Under Yupeng's leadership, the company delivered a total shareholder return of -29%. Executive Departure • Feb 07
Chief Financial Officer has left the company On the 1st of February, Somchai Warunpantulak's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Somchai's name. Somchai is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Jan 14
New 90-day high: ฿1.60 The company is up 125% from its price of ฿0.71 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ฿0.87 The company is up 26% from its price of ฿0.69 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 20% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: ฿0.092 loss per share Third quarter 2020 results: Net loss: ฿120.8m (loss widened 149% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 98% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 22
New 90-day low: ฿0.67 The company is down 22% from its price of ฿0.86 on 24 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 10.0% over the same period. 