Board Change • May 20
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. CEO & Director Issara Roungsuk-udom is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Dec 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risks Revenue is less than US$5m (฿131m revenue, or US$4.2m). Market cap is less than US$100m (฿1.18b market cap, or US$37.7m). Board Change • Dec 25
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Ekkawit Kaewwichian is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 04
Techlead NPN Public Company Limited Announces Resignation of Nopparat Suttiluk as Director and Independent Director, Effective from August 1, 2025 TECHLEAD NPN Public Company Limited (the Company) informed that Mrs. Nopparat Suttiluk has resigned from her positions as Director and Independent Director of the Company, effective from August 1, 2025 onward. However, Mrs. Nopparat Suttiluk will continue to serve as the Company Secretary. The Board of Directors will consider the appointment of a qualified person to fill the vacant directorship and will notify the Stock Exchange of Thailand accordingly. Announcement • Jul 23
Techlead NPN Public Company Limited announced that it expects to receive THB 431.309601 million in funding Techlead NPN Public Company Limited announced a private placement of 1,051,974,636 newly issued ordinary shares with a par value of THB 1.00 per share at a price of THB 0.41 per share for gross proceeds of THB431,309,600.76 on July 21, 2025. The transaction includes participation from Kereepat Supasinprapapong for 750,974,636 shares for proceeds of THB 307,899,600.76 with 14.2% shareholding ratio, Vichit Jiruttitijareon for 283,200,000 shares for proceeds of THB 116,112,000.00 with a shareholding ratio of 5.4%, Yossakorn Tripattanapong for 17,800,000 shares, for proceeds of THB 7,298,000.00 with a shareholding ratio of 0.3%. The transaction has been approved by board of directors of the company. The company will held its Extraordinary General Meeting of Shareholders on September 12, 2025. Announcement • Jun 10
Techlead NPN Public Company Limited and Chatchawong Thammarapa (SET:TL-R) agreed to acquire GuPay Company Limited from Patcharee Ruenroeng, Phawin Jiaravanon and Chaval Jiaravanon for THB 15 million. Techlead NPN Public Company Limited and Chatchawong Thammarapa (SET:TL-R) agreed to acquire GuPay Company Limited from Patcharee Ruenroeng, Phawin Jiaravanon and Chaval Jiaravanon for THB 15 million on June 6, 2025.
The Company expects that the Purchaser will enter into the Share Purchase Agreement and Service Agreement with the Software Developer and make payment under such agreement by 30 June 2025.
The transaction is subject to approval of offer by acquirer board, The Bank of Thailand has not issued an order to suspend or prohibit the Asset Acquisition Transactions under the Share Purchase Agreement, GuPay has received a letter of consent from the relevant counterparties, authorizing GuPay to allow other third parties to jointly use the payment services, Neither the Purchaser nor the Selling Shareholder has breached their obligations as stipulated in the Share Purchase Agreement, The representations and warranties of the Purchaser and the Selling Shareholder are true, accurate, and not materially misleading and There has been no material adverse effect up to the completion date of the purchase transaction. The deal has been approved by the board.
The funds used for the Asset Acquisition Transactions will be sourced from the capital increase proceeds obtained from the offering of newly issued ordinary shares through private placement, as approved by the Extraordinary General Meeting of Shareholders No. 1/2025 held on 7 February 2025.
For the year ended March 31, 2025 GuPay Company Limited reported total assets of THB 49.74 million, total common equity of THB 10.79 million, total revenue of THB 45.62 million and net loss of THB 0.59 million. Announcement • Mar 05
Techlead NPN Public Company Limited, Annual General Meeting, Apr 25, 2025 Techlead NPN Public Company Limited, Annual General Meeting, Apr 25, 2025, at 14:00 SE Asia Standard Time. Announcement • Feb 21
Techlead NPN Public Company LimitedAnnounces the Election of Sudjai Pansin as Independent Director and Audit Committee Member Techlead NPN Public Company Limited announced the election of Ms. Sudjai Pansin as Independent Director and Audit Committee Member, effective from 20 February 2025. The Audit Committee is consisted of: Mr.Woraphat Phucharoen - Chairman of the Audit Committee and Mr.Puttawat Yoodthanawachapong and Ms.Sudjai Pansin - member of Audit Committee. Announcement • Feb 17
Eternal Energy Public Company Limited Announces Resignation of Ekkawit Kaewwichian as Independent Director of Audit Committee Eternal Energy Public Company Limited announced the resignation of Mr. Ekkawit Kaewwichian as Independent Director of Audit Committee effective February 17, 2025. Ekkawit is the member of the Nomination, Remuneration and Corporate
Governance Committee. Resigned from position /the company due to due to other commitments that may affect his ability to perform his duties effectively. The Audit Committee is consisted of Mr. Woraphat Phucharoen, Chairman of the Audit Committee; Mr. Puttawat Yoodthanawachapong as member. Announcement • Feb 07
Eternal Energy Public Company Limited Appoints Chawanporn Niransawasdi as Additional Director Eternal Energy Public Company Limited at its EGM held on February 7, 2025, approved the appointment of an additional director, namely Ms. Chawanporn Niransawasdi. Board Change • Dec 25
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ekkawit Kaewwichian is the most experienced director on the board, commencing their role in 2021. Independent Director Woraphat Phucharoen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 14
Third quarter 2024 earnings released: ฿0.024 loss per share (vs ฿0.072 loss in 3Q 2023) Third quarter 2024 results: ฿0.024 loss per share (improved from ฿0.072 loss in 3Q 2023). Net loss: ฿66.1m (loss narrowed 67% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. New Risk • Nov 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m (฿5.6m revenue, or US$165k). Minor Risk Market cap is less than US$100m (฿444.8m market cap, or US$13.1m). Announcement • Aug 29
Eternal Energy Public Company Limited Announces Appointment of Naruemon Tirathampol as Chief Financial Officer (Acting) Eternal Energy Public Company Limited announced appointment of Mrs. Naruemon Tirathampol as Chief Financial Officer (Acting). Effective Date of Appointment is August 29, 2024. Reported Earnings • Aug 15
Second quarter 2024 earnings released: ฿0.029 loss per share (vs ฿0.057 loss in 2Q 2023) Second quarter 2024 results: ฿0.029 loss per share (improved from ฿0.057 loss in 2Q 2023). Net loss: ฿80.0m (loss narrowed 49% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. New Risk • Jul 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿361.4m (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 69% per year over the past 5 years. Revenue is less than US$1m (฿5.2m revenue, or US$143k). Market cap is less than US$10m (฿361.4m market cap, or US$9.99m). New Risk • Jun 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 69% per year over the past 5 years. Revenue is less than US$1m (฿5.2m revenue, or US$141k). Minor Risk Market cap is less than US$100m (฿444.8m market cap, or US$12.1m). Reported Earnings • May 15
First quarter 2024 earnings released: ฿0.011 loss per share (vs ฿0.002 loss in 1Q 2023) First quarter 2024 results: ฿0.011 loss per share (further deteriorated from ฿0.002 loss in 1Q 2023). Net loss: ฿30.6m (loss widened 398% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 24
Full year 2023 earnings released: ฿0.23 loss per share (vs ฿0.026 loss in FY 2022) Full year 2023 results: ฿0.23 loss per share (further deteriorated from ฿0.026 loss in FY 2022). Net loss: ฿653.1m (loss widened ฿579.7m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Feb 23
Eternal Energy Public Company Limited, Annual General Meeting, Apr 24, 2024 Eternal Energy Public Company Limited, Annual General Meeting, Apr 24, 2024, at 14:00 SE Asia Standard Time. Location: Meeting Room, 888 I Tower Building,8th Floor, Vibhavadi Rangsit Road, Chatuchak Sub-District, Chatuchak District, Bangkok 10900 Bangkok Thailand Agenda: To certify the minutes of the AGM of 2023 held on April 24, 2023; to acknowledge the Company business operations for the year 2023; to To consider and approve the audited financial statements for the year ended December 31, 2023; to To approve the omission of dividend payment for the year 2023; to To consider the election of directors in place of those to be retired by rotation; to To consider and approve the remuneration of directors for the year 2024; to To consider the appointment of auditors and fix the audit fee for the year 2024; and to consider other matters if any. Reported Earnings • Nov 17
Third quarter 2023 earnings released: ฿0.072 loss per share (vs ฿0.004 loss in 3Q 2022) Third quarter 2023 results: ฿0.072 loss per share (further deteriorated from ฿0.004 loss in 3Q 2022). Net loss: ฿200.5m (loss widened ฿189.5m from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Nov 04
Eternal Energy Public Company Limited Announces the Resignation of Mr. Issara Ruengsukudom as Director, the Member of the Nomination, Remuneration and Corporate Governance Committee Commitee and the Member of the Risk Management Committee Eternal Energy Public Company Limited informed the resignation of Mr. Issara Ruengsukudom from his positions as the Director, the member of the Nomination, Remuneration and Corporate Governance Committee Commitee and the member of the Risk Management Committee due to personal reasons, effective from 1 November 2023 onwards. Reported Earnings • Nov 19
Third quarter 2022 earnings released: ฿0.004 loss per share (vs ฿0.011 profit in 3Q 2021) Third quarter 2022 results: ฿0.004 loss per share (down from ฿0.011 profit in 3Q 2021). Net loss: ฿11.1m (down 136% from profit in 3Q 2021). 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 5% per year. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Vice Chairman Pipat Chanasongkram is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 19
Second quarter 2022 earnings released Second quarter 2022 results: Net loss: ฿20.1m (down 115% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
Eternal Energy Public Company Limited Announces Termination of Jiraporn Yuwasakulpongs as Acting Chief Financial Officer Eternal Energy Public Company Limited announced the termination of Miss Jiraporn Yuwasakulpongs as Acting Chief Financial Officer. Effective date of termination is May 31, 2022. Announcement • Jun 07
Eternal Energy Public Company Limited Announces Changing of Chief Accountant Eternal Energy Public Company Limited announced termination of Miss Jiraporn Yuwasakulpongs as Accounting Manager. Effective Date of Termination is May 31, 2022 and announced appointment of Mrs. Naruemon Tirathampol as Finance and Accounting manager. Effective Date of Appointment is June 01, 2022. Reported Earnings • May 16
First quarter 2022 earnings released: ฿0.006 loss per share (vs ฿0.007 profit in 1Q 2021) First quarter 2022 results: ฿0.006 loss per share (down from ฿0.007 profit in 1Q 2021). Net loss: ฿16.3m (down 185% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Pipat Chanasongkram is the most experienced director on the board, commencing their role in 2021. Independent Chairman Thanachai Santichaikul was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ฿1.29, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 11x in the Oil and Gas industry in Thailand. Total returns to shareholders of 122% over the past three years. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.07 (up from ฿0.002 in FY 2020). Net income: ฿195.4m (up ฿190.4m from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 42% per year. Announcement • Feb 25
Eternal Energy Public Company Limited, Annual General Meeting, Apr 29, 2022 Eternal Energy Public Company Limited, Annual General Meeting, Apr 29, 2022, at 14:00 SE Asia Standard Time. Agenda: To certify the minutes of the EGM No. 1/2022 held on January 28, 2022; to acknowledge the company business operations for the year 2021 and future plan; to consider and approve the certified by the auditor financial statements for the year ended December 31, 2021; and to discuss other matters. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ฿1.79, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 12x in the Oil and Gas industry in Thailand. Total returns to shareholders of 184% over the past three years. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ฿0.011 (vs ฿0.015 loss in 3Q 2020) Third quarter 2021 results: Net income: ฿31.2m (up ฿73.0m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ฿0.011 (vs ฿0.015 loss in 3Q 2020) Third quarter 2021 results: Net income: ฿31.2m (up ฿73.0m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Oct 07
Independent Director Wetang Phuangsup has left the company On the 29th of September, Wetang Phuangsup's tenure as Independent Director ended after 10.8 years in the role. We don't have any record of a personal shareholding under Wetang's name. A total of 6 executives have left over the last 12 months. Executive Departure • Oct 03
Chairman of the Board of Director Surachai Suksriwong has left the company On the 22nd of September, Surachai Suksriwong's tenure as Chairman of the Board of Director ended after 13.9 years in the role. As of June 2021, Surachai still personally held 30.86m shares (฿33m worth at the time). A total of 5 executives have left over the last 12 months. Executive Departure • Sep 28
Chairman of the Board of Director Surachai Suksriwong has left the company On the 22nd of September, Surachai Suksriwong's tenure as Chairman of the Board of Director ended after 13.9 years in the role. As of June 2021, Surachai still personally held 30.86m shares (฿33m worth at the time). A total of 5 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 30% share price gain to ฿1.94, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 14x in the Oil and Gas industry in Thailand. Total returns to shareholders of 181% over the past three years. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 19% share price gain to ฿1.24, the stock trades at a trailing P/E ratio of 73.9x. Average trailing P/E is 15x in the Oil and Gas industry in Thailand. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 17% share price gain to ฿1.08, the stock trades at a trailing P/E ratio of 64.4x. Average trailing P/E is 16x in the Oil and Gas industry in Thailand. Total returns to shareholders of 46% over the past three years. Executive Departure • Jun 03
Independent Director Thanachai Thirapatanawong has left the company On the 27th of May, Thanachai Thirapatanawong's tenure as Independent Director ended after 10.1 years in the role. We don't have any record of a personal shareholding under Thanachai's name. A total of 4 executives have left over the last 12 months. Announcement • Jun 02
Eastern Cogeneration Company Limited agreed to acquire 25% stake in SSUT Co., Ltd. from Eternal Energy Public Company Limited (SET:EE-R) for THB 1.2 billion. Eastern Cogeneration Company Limited agreed to acquire 25% stake in SSUT Co., Ltd. from Eternal Energy Public Company Limited (SET:EE-R) for THB 1.2 billion on May 31, 2021. Eastern Cogeneration Company acquired 7,297,500 ordinary shares of SSUT at a price of THB 170.76 per share, or 25.00 percent of the total paid-up shares. The board of Directors of Eastern Power Group Public Company Limited, the parent of Eastern Cogeneration Company Limited, approved the transaction. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.004 (vs ฿0.011 loss in 1Q 2020) First quarter 2021 results: Net income: ฿12.3m (up ฿41.7m from 1Q 2020). 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 2% per year, which means it has not declined as severely as earnings. Executive Departure • May 15
Independent Director has left the company On the 10th of May, Apivut Thongkam's tenure as Independent Director ended after 4.5 years in the role. We don't have any record of a personal shareholding under Apivut's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS ฿0.002 (vs ฿0.034 in FY 2019) Full year 2020 results: Net income: ฿4.99m (down 95% from FY 2019). 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 1% per year, which means it has not declined as severely as earnings. Announcement • Feb 24
Eternal Energy Public Company Limited, Annual General Meeting, Apr 26, 2021 Eternal Energy Public Company Limited, Annual General Meeting, Apr 26, 2021, at 14:00 SE Asia Standard Time. Location: Meeting Room, 888 I Tower Building, 16th Floor Vibhavadi Rangsit Road, Chatuchak Sub-District, Chatuchak District, Bangkok 10900 Bangkok Thailand Agenda: To consider certify the minutes of the 2020 AGM held on July 31, 2020; to consider acknowledge the Company business operations for the year 2020 and future plan; to consider consider and approve the financial statements for the year ended December 31, 2020; to consider approve the omission of dividend payment for the year 2020; to consider consider the election of directors in place of those to be retired by rotation; and to consider other matters. Is New 90 Day High Low • Nov 25
New 90-day low: ฿0.62 The company is down 6.0% from its price of ฿0.66 on 27 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 8.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: ฿0.015 loss per share Third quarter 2020 results: Net loss: ฿41.8m (down 326% from profit in 3Q 2019). 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 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Sep 30
New 90-day high: ฿0.75 The company is up 60% from its price of ฿0.47 on 02 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 Oil and Gas industry, which is down 15% over the same period.