Reported Earnings • Aug 17
Second quarter 2026 earnings released: ฿0.07 loss per share (vs ฿0.044 profit in 2Q 2025) Second quarter 2026 results: ฿0.07 loss per share (down from ฿0.044 profit in 2Q 2025). Revenue: ฿1.37b (up 12% from 2Q 2025). Net loss: ฿220.4m (down 220% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Aug 10
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 6.2% 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 Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.33b market cap, or US$40.4m). New Risk • Jun 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 152% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (฿1.33b market cap, or US$40.3m). Reported Earnings • May 19
First quarter 2026 earnings released: ฿0.034 loss per share (vs ฿0.065 loss in 1Q 2025) First quarter 2026 results: ฿0.034 loss per share (improved from ฿0.065 loss in 1Q 2025). Revenue: ฿1.29b (up 68% from 1Q 2025). Net loss: ฿71.8m (loss narrowed 74% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Mar 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 99% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings are forecast to decline by an average of 99% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (฿1.62b market cap, or US$51.5m). New Risk • Mar 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.2% Last year net profit margin: 10.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (฿1.75b market cap, or US$55.7m). Reported Earnings • Feb 25
Full year 2025 earnings released Full year 2025 results: Revenue: ฿6.55b (up 1.6% from FY 2024). Net income: ฿55.7m (up 1.1% from FY 2024). Profit margin: 0.8% (down from 0.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 22% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Thailand are expected to grow by 4.7%. Announcement • Feb 25
Ananda Development Public Company Limited (SET:ANAN) entered into shareholders agreement to acquire remaining 49% stake in Ananda MF Asia Thonglor Co., Ltd. from Mitsui Fudosan Asia (Thailand) Co., Ltd. for approximately THB 290 million. Ananda Development Public Company Limited (SET:ANAN) entered into shareholders agreement to acquire remaining 49% stake in Ananda MF Asia Thonglor Co., Ltd. from Mitsui Fudosan Asia (Thailand) Co., Ltd. for approximately THB 290 million on February 23, 2026. A cash consideration of THB 290 million will be paid by Ananda Development Public Company Limited. As part of consideration, THB 290 million is paid towards common equity of Ananda MF Asia Thonglor Co., Ltd. Upon completion, Ananda Development Public Company Limited will own 100% stake in Ananda MF Asia Thonglor Co., Ltd.
The transaction is expected to be completed by 31 March 2026.
The transaction is subject to approval of Ananda Development Public Company board. The transaction is approved by Ananda Development Public Company board. Announcement • Feb 24
Ananda Development Public Company Limited, Annual General Meeting, Apr 23, 2026 Ananda Development Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:00 SE Asia Standard Time. New Risk • Jan 15
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 Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (฿2.00b market cap, or US$63.8m). Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ฿0.014 (vs ฿0.012 loss in 3Q 2024) Third quarter 2025 results: EPS: ฿0.014 (up from ฿0.012 loss in 3Q 2024). Revenue: ฿2.05b (up 83% from 3Q 2024). Net income: ฿129.6m (up ฿179.3m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Thailand are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • Sep 08
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 7.3% 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 Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿2.29b market cap, or US$72.1m). Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ฿0.044 (vs ฿0.008 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.044 (up from ฿0.008 in 2Q 2024). Revenue: ฿1.26b (down 28% from 2Q 2024). Net income: ฿253.6m (up ฿218.3m from 2Q 2024). Profit margin: 20% (up from 2.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. New Risk • Jun 13
New major risk - Revenue and earnings growth Earnings have declined by 35% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (฿1.67b market cap, or US$51.3m). Reported Earnings • May 10
First quarter 2025 earnings released: ฿0.078 loss per share (vs ฿0.03 profit in 1Q 2024) First quarter 2025 results: ฿0.078 loss per share (down from ฿0.03 profit in 1Q 2024). Revenue: ฿750.2m (down 64% from 1Q 2024). Net loss: ฿256.9m (down 303% from profit in 1Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • Mar 07
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 9.2% 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 Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (฿2.29b market cap, or US$68.1m). Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: ฿0.013 (vs ฿0.28 loss in FY 2023) Full year 2024 results: EPS: ฿0.013 (up from ฿0.28 loss in FY 2023). Revenue: ฿6.68b (up 96% from FY 2023). Net income: ฿334.2m (up ฿1.50b from FY 2023). Profit margin: 5.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Feb 28
Ananda Development Public Company Limited, Annual General Meeting, Apr 24, 2025 Ananda Development Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Price Target Changed • Feb 11
Price target decreased by 11% to ฿0.62 Down from ฿0.70, the current price target is an average from 3 analysts. New target price is 52% above last closing price of ฿0.41. Stock is down 54% over the past year. The company is forecast to post earnings per share of ฿0 next year compared to a net loss per share of ฿0.28 last year. New Risk • Nov 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (฿2.71b market cap, or US$78.0m). Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: ฿0.008 (vs ฿0.037 loss in 2Q 2023) Second quarter 2024 results: EPS: ฿0.008 (up from ฿0.037 loss in 2Q 2023). Revenue: ฿1.89b (up 215% from 2Q 2023). Net income: ฿104.9m (up ฿259.2m from 2Q 2023). Profit margin: 5.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Thailand are expected to remain flat. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Price Target Changed • May 16
Price target increased by 9.1% to ฿0.72 Up from ฿0.66, the current price target is an average from 3 analysts. New target price is 11% below last closing price of ฿0.81. Stock is down 20% over the past year. The company is forecast to post a net loss per share of ฿0.11 next year compared to a net loss per share of ฿0.28 last year. Breakeven Date Change • May 15
Forecast to breakeven in 2026 The 3 analysts covering Ananda Development expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 34% per year to 2025. The company is expected to make a profit of ฿60.0m in 2026. Average annual earnings growth of 64% is required to achieve expected profit on schedule. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.03 loss in 1Q 2023) First quarter 2024 results: EPS: ฿0.03 (up from ฿0.03 loss in 1Q 2023). Revenue: ฿2.11b (up 188% from 1Q 2023). Net income: ฿195.4m (up ฿321.7m from 1Q 2023). Profit margin: 9.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Breakeven Date Change • Mar 31
Forecast to breakeven in 2026 The 2 analysts covering Ananda Development expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 48% per year to 2025. The company is expected to make a profit of ฿112.0m in 2026. Average annual earnings growth of 81% is required to achieve expected profit on schedule. Reported Earnings • Mar 02
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: ฿0.28 loss per share (further deteriorated from ฿0.16 loss in FY 2022). Revenue: ฿3.82b (up 23% from FY 2022). Net loss: ฿887.0m (loss widened 35% from FY 2022). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to stay flat during the next 2 years compared to a 1.8% growth forecast for the Real Estate industry in Thailand. 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 24% per year, which means it has not declined as severely as earnings. Announcement • Mar 01
Ananda Development Public Company Limited, Annual General Meeting, Apr 25, 2024 Ananda Development Public Company Limited, Annual General Meeting, Apr 25, 2024, at 14:00 SE Asia Standard Time. Agenda: To acknowledge the report on the Company's operation for the year 2023; To consider and approve the financial statements of the Company for the year 2023 ended 31 December 2023; To consider and approve the omission of dividend payment; To consider and approve the determination of the directors' remuneration for the year 2024; To consider and approve the election of the directors to replace the directors who will retire by rotation; and to discuss other matters. Price Target Changed • Dec 29
Price target decreased by 18% to ฿0.89 Down from ฿1.07, the current price target is an average from 2 analysts. New target price is 15% above last closing price of ฿0.77. Stock is down 47% over the past year. The company is forecast to post a net loss per share of ฿0.23 next year compared to a net loss per share of ฿0.16 last year. Reported Earnings • Nov 14
Third quarter 2023 earnings released: ฿0.15 loss per share (vs ฿0.026 loss in 3Q 2022) Third quarter 2023 results: ฿0.15 loss per share (further deteriorated from ฿0.026 loss in 3Q 2022). Revenue: ฿936.8m (up 15% from 3Q 2022). Net loss: ฿542.5m (loss widened 405% from 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 62% 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. Reported Earnings • Aug 17
Second quarter 2023 earnings released: ฿0.037 loss per share (vs ฿0.031 loss in 2Q 2022) Second quarter 2023 results: ฿0.037 loss per share. Revenue: ฿818.2m (down 12% from 2Q 2022). Net loss: ฿84.5m (loss narrowed 35% from 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Real Estate industry in Thailand. New Risk • Aug 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.29b (US$95.4m) This is considered a minor 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 Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (฿3.29b market cap, or US$95.4m). Major Estimate Revision • Jul 29
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿4.68b to ฿4.21b. Forecast losses increased from -฿0.03 to -฿0.06 per share. Real Estate industry in Thailand expected to see average net income growth of 1.5% next year. Consensus price target down from ฿1.23 to ฿1.07. Share price fell 12% to ฿0.84 over the past week. Price Target Changed • Jul 28
Price target decreased by 18% to ฿1.07 Down from ฿1.31, the current price target is an average from 3 analysts. New target price is 28% above last closing price of ฿0.84. Stock is down 38% over the past year. The company is forecast to post a net loss per share of ฿0.04 next year compared to a net loss per share of ฿0.16 last year. New Risk • Jul 27
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 7.2% 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 Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). New Risk • Jun 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.50b (US$99.3m) This is considered a minor 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 Risk Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (฿3.50b market cap, or US$99.3m). Reported Earnings • May 18
First quarter 2023 earnings released: ฿0.03 loss per share (vs ฿0.09 loss in 1Q 2022) First quarter 2023 results: ฿0.03 loss per share (improved from ฿0.09 loss in 1Q 2022). Revenue: ฿731.1m (up 7.3% from 1Q 2022). Net loss: ฿59.6m (loss narrowed 84% from 1Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Mar 23
Consensus EPS estimates fall by 47% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -฿0.025 to -฿0.037 per share. Revenue forecast of ฿4.37b unchanged since last update. Real Estate industry in Thailand expected to see average net income growth of 4.3% next year. Consensus price target broadly unchanged at ฿1.32. Share price fell 2.4% to ฿1.24 over the past week. Reported Earnings • Feb 27
Full year 2022 earnings released: ฿0.16 loss per share (vs ฿0.26 loss in FY 2021) Full year 2022 results: ฿0.16 loss per share (improved from ฿0.26 loss in FY 2021). Revenue: ฿4.04b (up 8.9% from FY 2021). Net loss: ฿292.6m (loss narrowed 67% from FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Nov 17
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ฿3.95b to ฿3.82b. Now expected to report a loss of ฿0.08 per share instead of ฿0.04 per share profit previously forecast. Real Estate industry in Thailand expected to see average net income growth of 12% next year. Consensus price target broadly unchanged at ฿1.34. Share price fell 6.9% to ฿1.34 over the past week. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Pisit Serewiwattana was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Sep 08
Price target increased to ฿1.10 Up from ฿0.99, the current price target is an average from 4 analysts. New target price is 13% below last closing price of ฿1.27. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿0.04 next year compared to a net loss per share of ฿0.26 last year. Price Target Changed • Aug 16
Price target increased to ฿1.23 Up from ฿1.01, the current price target is an average from 4 analysts. New target price is 7.9% below last closing price of ฿1.33. Stock is down 14% over the past year. The company is forecast to post earnings per share of ฿0.04 next year compared to a net loss per share of ฿0.26 last year. Reported Earnings • Aug 13
Second quarter 2022 earnings released: ฿0.029 loss per share (vs ฿0.029 loss in 2Q 2021) Second quarter 2022 results: ฿0.029 loss per share (vs ฿0.029 loss in 2Q 2021). Revenue: ฿1.03b (down 7.1% from 2Q 2021). Net loss: ฿41.5m (loss narrowed 58% from 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 18% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Price Target Changed • May 16
Price target increased to ฿1.20 Up from ฿1.12, the current price target is an average from 3 analysts. New target price is 6.2% above last closing price of ฿1.13. Stock is down 44% over the past year. The company is forecast to post earnings per share of ฿0.04 next year compared to a net loss per share of ฿0.26 last year. Reported Earnings • May 15
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: ฿0.099 loss per share (down from ฿0.038 loss in 1Q 2021). Revenue: ฿778.3m (down 16% from 1Q 2021). Net loss: ฿278.7m (loss widened 119% from 1Q 2021). Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 524%. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Chairman Narongchai Akrasanee was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: ฿0.27 loss per share (down from ฿0.12 profit in FY 2020). Revenue: ฿4.18b (up 1.8% from FY 2020). Net loss: ฿465.9m (down 215% from profit in FY 2020). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 524%. Over the next year, revenue is forecast to grow 8.2%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Price Target Changed • Dec 09
Price target decreased to ฿1.05 Down from ฿1.16, the current price target is an average from 5 analysts. New target price is 34% below last closing price of ฿1.60. Stock is down 22% over the past year. The company is forecast to post a net loss per share of ฿0.042 compared to earnings per share of ฿0.12 last year. Price Target Changed • Nov 24
Price target decreased to ฿1.08 Down from ฿1.17, the current price target is an average from 5 analysts. New target price is 33% below last closing price of ฿1.62. Stock is down 5.8% over the past year. The company is forecast to post a net loss per share of ฿0.042 compared to earnings per share of ฿0.12 last year. Reported Earnings • Nov 16
Third quarter 2021 earnings released: ฿0.11 loss per share (vs ฿0.067 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ฿662.1m (down 19% from 3Q 2020). Net loss: ฿356.2m (down 259% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 16
Price target decreased to ฿1.16 Down from ฿1.25, the current price target is an average from 5 analysts. New target price is 24% below last closing price of ฿1.53. Stock is down 12% over the past year. The company is forecast to post a net loss per share of ฿0.042 compared to earnings per share of ฿0.12 last year. Price Target Changed • Aug 21
Price target decreased to ฿1.09 Down from ฿1.39, the current price target is an average from 4 analysts. New target price is 31% below last closing price of ฿1.57. Stock is up 9.0% over the past year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: ฿0.029 loss per share (vs ฿0.017 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿989.9m (up 2.3% from 2Q 2020). Net loss: ฿98.1m (loss widened 78% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Price Target Changed • May 15
Price target increased to ฿1.45 Up from ฿1.29, the current price target is an average from 5 analysts. New target price is 24% below last closing price of ฿1.91. Stock is up 31% over the past year. Reported Earnings • May 13
First quarter 2021 earnings released: ฿0.04 loss per share (vs ฿0.015 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ฿1.05b (down 25% from 1Q 2020). Net loss: ฿25.9m (down 153% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Executive Departure • Mar 02
Chief Financial Officer has left the company On the 28th of February, Chaiyuth Chunnahacha's tenure as Chief Financial Officer ended after 2.7 years in the role. We don't have any record of a personal shareholding under Chaiyuth's name. A total of 2 executives have left over the last 12 months. Price Target Changed • Jan 31
Price target raised to ฿1.29 Up from ฿1.19, the current price target is an average from 6 analysts. The new target price is 34% below the current share price of ฿1.94. As of last close, the stock is down 5.8% over the past year. Is New 90 Day High Low • Dec 04
New 90-day high: ฿1.81 The company is up 27% from its price of ฿1.43 on 03 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.48 per share. Is New 90 Day High Low • Nov 10
New 90-day high: ฿1.57 The company is up 5.0% from its price of ฿1.49 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.61 per share. Reported Earnings • Nov 10
Third quarter 2020 earnings released: EPS ฿0.06 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿1.37b (down 47% from 3Q 2019). Net income: ฿292.3m (up 123% from 3Q 2019). Profit margin: 21% (up from 5.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 10
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 35%. Over the next year, revenue is expected to shrink by 23% compared to a 5.7% decline forecast for the Real Estate industry in Thailand. Is New 90 Day High Low • Sep 24
New 90-day low: ฿1.34 The company is down 17% from its price of ฿1.62 on 25 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 Real Estate industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.59 per share.