Reported Earnings • Feb 14
Full year 2025 earnings released: ฿0.32 loss per share (vs ฿0.28 loss in FY 2024) Full year 2025 results: ฿0.32 loss per share (further deteriorated from ฿0.28 loss in FY 2024). Revenue: ฿858.4m (down 55% from FY 2024). Net loss: ฿410.8m (loss widened 15% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Feb 13
Chewathai Public Company Limited, Annual General Meeting, Mar 27, 2026 Chewathai Public Company Limited, Annual General Meeting, Mar 27, 2026, at 14:00 SE Asia Standard Time. New Risk • Nov 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿318.8m (US$9.81m) 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 58% per year over the past 5 years. Market cap is less than US$10m (฿318.8m market cap, or US$9.81m). Reported Earnings • Nov 14
Third quarter 2025 earnings released: ฿0.033 loss per share (vs ฿0.001 profit in 3Q 2024) Third quarter 2025 results: ฿0.033 loss per share (down from ฿0.001 profit in 3Q 2024). Revenue: ฿172.0m (down 65% from 3Q 2024). Net loss: ฿41.5m (down ฿43.1m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. New Risk • Oct 22
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 10% 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 (10% average weekly change). Earnings have declined by 45% per year over the past 5 years. Minor Risks High level of debt (190% net debt to equity). Market cap is less than US$100m (฿433.5m market cap, or US$13.2m). New Risk • Aug 29
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 Earnings have declined by 45% per year over the past 5 years. Minor Risks High level of debt (190% net debt to equity). Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (฿344.3m market cap, or US$10.6m). Reported Earnings • Aug 08
Second quarter 2025 earnings released: ฿0.015 loss per share (vs ฿0.004 profit in 2Q 2024) Second quarter 2025 results: ฿0.015 loss per share (down from ฿0.004 profit in 2Q 2024). Revenue: ฿247.7m (down 47% from 2Q 2024). Net loss: ฿19.7m (down ฿24.4m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
First quarter 2025 earnings released: ฿0.035 loss per share (vs ฿0.013 profit in 1Q 2024) First quarter 2025 results: ฿0.035 loss per share (down from ฿0.013 profit in 1Q 2024). Revenue: ฿159.6m (down 70% from 1Q 2024). Net loss: ฿45.2m (down 368% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. New Risk • Mar 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿331.5m (US$9.83m) 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 Earnings have declined by 4.7% per year over the past 5 years. Market cap is less than US$10m (฿331.5m market cap, or US$9.83m). Minor Risks High level of debt (164% net debt to equity). Share price has been volatile over the past 3 months (8.8% average weekly change). Reported Earnings • Feb 15
Full year 2024 earnings released: ฿0.28 loss per share (vs ฿0.054 loss in FY 2023) Full year 2024 results: ฿0.28 loss per share (further deteriorated from ฿0.054 loss in FY 2023). Revenue: ฿1.90b (up 1.3% from FY 2023). Net loss: ฿356.4m (loss widened 416% from FY 2023). 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. Announcement • Feb 14
Chewathai Public Company Limited, Annual General Meeting, Mar 28, 2025 Chewathai Public Company Limited, Annual General Meeting, Mar 28, 2025, at 14:00 SE Asia Standard Time. New Risk • Nov 12
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 Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (฿510.0m market cap, or US$14.6m). New Risk • Aug 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 6.9% 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 Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (฿382.5m market cap, or US$10.9m). Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.004 (vs ฿0.03 loss in 2Q 2023) Second quarter 2024 results: EPS: ฿0.004 (up from ฿0.03 loss in 2Q 2023). Revenue: ฿467.4m (up 25% from 2Q 2023). Net income: ฿4.72m (up ฿42.4m from 2Q 2023). Profit margin: 1.0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. New Risk • Jun 13
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 (0.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (฿535.5m market cap, or US$14.6m). Reported Earnings • May 17
First quarter 2024 earnings released: EPS: ฿0.013 (vs ฿0.006 in 1Q 2023) First quarter 2024 results: EPS: ฿0.013 (up from ฿0.006 in 1Q 2023). Revenue: ฿540.0m (up 42% from 1Q 2023). Net income: ฿16.9m (up 137% from 1Q 2023). Profit margin: 3.1% (up from 1.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year and the company’s share price has also fallen by 25% per year. Announcement • Feb 14
Chewathai Public Company Limited Announces CFO Changes, Effective 26 February 2024 Chewathai Public Company Limited announced termination of Mr. Thanisorn Nitisaropas as CFO. Effective Date of Termination is 26 February 2024. Company announced appointment of Mr. Boon Choon Kiat as CFO. Effective Date of Appointment is 26 February 2024. Announcement • Feb 13
Chewathai Public Company Limited, Annual General Meeting, Mar 29, 2024 Chewathai Public Company Limited, Annual General Meeting, Mar 29, 2024, at 07:00 Coordinated Universal Time. Agenda: To consider certifying the minutes of the 2023 Annual General Meeting of Shareholders; Consider acknowledging the company's operating results in 2023; Consider and approve the company's financial statements. For the accounting period ending 31 December 2023; Consider approving the suspension of dividend payments and the allocation of profits as legal reserves. For the operating results for the year 2023 Consider and approve the election of directors to replace those who retire by rotation; and to discuss other matters. Reported Earnings • Feb 13
Full year 2023 earnings released: ฿0.05 loss per share (vs ฿0.091 profit in FY 2022) Full year 2023 results: ฿0.05 loss per share (down from ฿0.091 profit in FY 2022). Revenue: ฿1.88b (down 12% from FY 2022). Net loss: ฿69.1m (down 160% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Feb 12
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 7.5% 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 (1.0x net interest cover). Earnings have declined by 20% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (฿816.0m market cap, or US$22.7m). Announcement • Nov 15
Chewathai Public Company Limited Announces Appointment of Suparat Ngamsuptaweekoon as Acting Company Secretary Chewathai Public Company Limited informed the resolution of the Board of Directors meeting No. 6/2023 held on November 13, 2023 was resolved to appoint Ms. Suparat Ngamsuptaweekoon as the acting company secretary effective from November 13, 2023. The Company is proceeding to recruit the qualified person to replace vacancy of a company secretary. The Company will further notify once the Board of Directors resolves to appoint the new company secretary. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.011 (vs ฿0.006 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.011 (up from ฿0.006 in 3Q 2022). Revenue: ฿532.2m (up 8.3% from 3Q 2022). Net income: ฿14.0m (up 76% from 3Q 2022). Profit margin: 2.6% (up from 1.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Chewathai Public Company Limited Announces Resignation of Ms. Chanitsara Yingnork as Company Secretary, Effective from November 1, 2023 Chewathai Public Company Limited announced that Ms. Chanitsara Yingnork has resigned from the position of the company secretary due to the retirement effective from November 1, 2023. Announcement • Sep 26
Chewathai Public Company Limited Announces Changing of Chief Accountant Chewathai Public Company Limited announced Termination of Miss Prapussorn Phanchanuan and appointment Miss Krassanee Krassanairawiwong of effective 26 September 2023. Reported Earnings • Aug 12
Second quarter 2023 earnings released: ฿0.03 loss per share (vs ฿0.08 profit in 2Q 2022) Second quarter 2023 results: ฿0.03 loss per share (down from ฿0.08 profit in 2Q 2022). Revenue: ฿375.1m (down 58% from 2Q 2022). Net loss: ฿37.7m (down 138% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
First quarter 2023 earnings released: EPS: ฿0.006 (vs ฿0.003 loss in 1Q 2022) First quarter 2023 results: EPS: ฿0.006 (up from ฿0.003 loss in 1Q 2022). Revenue: ฿379.7m (up 25% from 1Q 2022). Net income: ฿7.12m (up ฿11.1m from 1Q 2022). Profit margin: 1.9% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 31
Upcoming dividend of ฿0.018 per share at 2.6% yield Eligible shareholders must have bought the stock before 07 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (5.9%). Lower than average of industry peers (4.0%). Announcement • Feb 15
Chewathai Public Company Limited, Annual General Meeting, Mar 31, 2023 Chewathai Public Company Limited, Annual General Meeting, Mar 31, 2023, at 14:00 SE Asia Standard Time. Location: Budsaba room, 1st Mandarin Bangkok Hotel 662 Rama IV Rd., Maha Phruettharam Subdistrict, Bang Rak District Bangkok Thailand Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Pinit Harnphanich was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 12
Chewathai Public Company Limited (SET:CHEWA) agreed to acquire remaining 50% stake Chewathai Hup Soon Limited from United Motor Works (Siam) PCL for THB 5 million. Chewathai Public Company Limited (SET:CHEWA) agreed to acquire remaining 50% stake Chewathai Hup Soon Limited from United Motor Works (Siam) PCL for THB 5 million on November 11, 2022. Chewathai Public Company Limited board of directors approved the transaction. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: ฿0.08 (vs ฿0.015 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.08 (up from ฿0.015 in 2Q 2021). Revenue: ฿884.6m (up 63% from 2Q 2021). Net income: ฿100.3m (up 410% from 2Q 2021). Profit margin: 11% (up from 3.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: ฿0.003 loss per share (down from ฿0.024 profit in 1Q 2021). Revenue: ฿302.7m (down 52% from 1Q 2021). Net loss: ฿4.01m (down 113% from profit in 1Q 2021). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Pinit Harnphanich was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 04
Upcoming dividend of ฿0.026 per share Eligible shareholders must have bought the stock before 11 April 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (3.1%). Announcement • Feb 22
Chewathai Public Company Limited Proposes Dividend for 2022, Payable on April 29, 2022 Chewathai Public Company Limited at its board meeting held on February 15, 2022 approved and at 2022 annual general meeting of shareholders, proposed dividend payment for the operating results of 2021 at the rate of THB 0.0259 per share. The Company will specify the names of the shareholders who have the right to receive the dividend payment on Tuesday, 12 April 2022 (Record Date). The dividend payment shall be made on 29 April 2022. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ฿0.06 (up from ฿0.073 loss in FY 2020). Revenue: ฿2.12b (up 30% from FY 2020). Net income: ฿70.1m (up ฿163.5m from FY 2020). Profit margin: 3.3% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 4.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ฿0.004 (vs ฿0.025 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿425.4m (up 61% from 3Q 2020). Net income: ฿4.70m (up ฿37.2m from 3Q 2020). Profit margin: 1.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. 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. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Pinit Harnphanich was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Pinit Harnphanich was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Executive Departure • May 26
Executive Vice President of Finance & Accounting Sunantra Mahaprasitchai has left the company On the 26th of May, Sunantra Mahaprasitchai's tenure in the role of Executive Vice President of Finance & Accounting ended. We don't have any record of a personal shareholding under Sunantra's name. A total of 2 executives have left over the last 12 months. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ฿0.02 (vs ฿0.02 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿623.7m (up 88% from 1Q 2020). Net income: ฿30.1m (up ฿56.0m from 1Q 2020). Profit margin: 4.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 01
Upcoming dividend of ฿0.021 per share Eligible shareholders must have bought the stock before 08 April 2021. Payment date: 30 April 2021. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (3.6%). Is New 90 Day High Low • Mar 05
New 90-day high: ฿0.61 The company is up 20% from its price of ฿0.51 on 04 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 2.0% over the same period. Announcement • Feb 26
Chewathai Public Company Limited, Annual General Meeting, Apr 01, 2021 Chewathai Public Company Limited, Annual General Meeting, Apr 01, 2021, at 07:00 Coordinated Universal Time. Location: Mandarin A room, 1st fl., Mandarin Bangkok Hotel 662 Rama IV Rd., Maha Phruettharam Subdistrict Bangkok Thailand Reported Earnings • Feb 17
Full year 2020 earnings released: ฿0.073 loss per share (vs ฿0.047 loss in FY 2019) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ฿1.63b (up 46% from FY 2019). Net loss: ฿93.4m (loss widened 54% from FY 2019). 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. Reported Earnings • Nov 16
Third quarter 2020 earnings released: ฿0.026 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: ฿266.0m (down 8.7% from 3Q 2019). Net loss: ฿32.5m (loss widened 53% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 29
New 90-day high: ฿0.53 The company is up 26% from its price of ฿0.42 on 01 July 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 7.0% over the same period. 
