Reported Earnings • Mar 01
Full year 2025 earnings released: ฿0.079 loss per share (vs ฿0.042 loss in FY 2024) Full year 2025 results: ฿0.079 loss per share (further deteriorated from ฿0.042 loss in FY 2024). Revenue: ฿859.4m (down 20% from FY 2024). Net loss: ฿128.0m (loss widened 89% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 47% 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. Announcement • Feb 27
Richy Place 2002 Public Company Limited, Annual General Meeting, Apr 28, 2026 Richy Place 2002 Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time. New Risk • Nov 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿309.4m (US$9.57m) 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 Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (฿309.4m market cap, or US$9.57m). New Risk • Sep 26
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 (0.7x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 63% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿455.9m market cap, or US$14.1m). Reported Earnings • Aug 16
Second quarter 2025 earnings released: ฿0.039 loss per share (vs ฿0.018 loss in 2Q 2024) Second quarter 2025 results: ฿0.039 loss per share (further deteriorated from ฿0.018 loss in 2Q 2024). Revenue: ฿175.6m (down 11% from 2Q 2024). Net loss: ฿63.0m (loss widened 111% from 2Q 2024). 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. New Risk • Apr 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 12% 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 (0.7x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 58% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿635.0m market cap, or US$19.0m). Announcement • Apr 26
Richy Place Company 2002 Limited Appoints Mr. Benjamin Attabunwong as Director Richy Place Company 2002 Limited at its AGM held on April 25, 2025, approved to appoint Mr. Benjamin Attabunwong as a director of the company. Buy Or Sell Opportunity • Apr 04
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to ฿0.31. The fair value is estimated to be ฿0.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 02
Full year 2024 earnings released: ฿0.042 loss per share (vs ฿0.038 loss in FY 2023) Full year 2024 results: ฿0.042 loss per share (further deteriorated from ฿0.038 loss in FY 2023). Revenue: ฿1.08b (up 48% from FY 2023). Net loss: ฿67.9m (loss widened 9.7% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Feb 28
Richy Place 2002 Public Company Limited, Annual General Meeting, Apr 25, 2025 Richy Place 2002 Public Company Limited, Annual General Meeting, Apr 25, 2025, at 14:00 SE Asia Standard Time. New Risk • Dec 25
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 8.8% 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 Debt is not well covered by operating cash flow (4.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.8% average weekly change). Earnings have declined by 55% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿667.6m market cap, or US$19.6m). Reported Earnings • Aug 15
Second quarter 2024 earnings released: ฿0.019 loss per share (vs ฿0.014 loss in 2Q 2023) Second quarter 2024 results: ฿0.019 loss per share (further deteriorated from ฿0.014 loss in 2Q 2023). Revenue: ฿200.6m (up 13% from 2Q 2023). Net loss: ฿29.9m (loss widened 33% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. New Risk • Jun 28
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 Risks Interest payments are not well covered by earnings (0.2x net interest cover). Earnings have declined by 52% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (฿928.1m market cap, or US$25.3m). Reported Earnings • May 19
First quarter 2024 earnings released: ฿0.021 loss per share (vs ฿0.011 loss in 1Q 2023) First quarter 2024 results: ฿0.021 loss per share (further deteriorated from ฿0.011 loss in 1Q 2023). Revenue: ฿162.7m (up 17% from 1Q 2023). Net loss: ฿35.0m (loss widened 89% from 1Q 2023). 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. Buy Or Sell Opportunity • May 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ฿0.58. The fair value is estimated to be ฿0.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 03
Full year 2023 earnings released: ฿0.038 loss per share (vs ฿0.008 profit in FY 2022) Full year 2023 results: ฿0.038 loss per share (down from ฿0.008 profit in FY 2022). Revenue: ฿800.2m (down 8.2% from FY 2022). Net loss: ฿61.9m (down ฿75.2m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Nov 16
Richy Place 2002 Public Company Limited Announces Chief Executive Officer Changes The board of directors of Richy Place 2002 Public Company Limited at its meeting No. 5/2023 on November 14, 2023, Resolved to consider and approved Dr. Apa Ataboonwongse Resigned from the position of Chief Executive Officer Remaining positions of Chairman of the Executive Committee and Director of the Company Ms. Pitchaya Tansode holds the position of sole Chief Executive Officer. New Risk • Oct 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 44% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (฿1.09b market cap, or US$30.3m). Buying Opportunity • Oct 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be ฿0.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Oct 01
Richy Place 2002 Public Company Limited Announces Resignation of Karoon Chantharangsu as Director and Chairman of Risk Management Committee, Effective from 1 October 2023 Onwards Richy Place 2002 Public Company Limited announced that Dr. Karoon Chantharangsu has requested to resign from the position of Company Director and Chairman of the Risk Management Committee of the Company due to other duties the resignation will be effective from 1 October 2023 onwards. Reported Earnings • Aug 19
Second quarter 2023 earnings released: ฿0.014 loss per share (vs ฿0.004 profit in 2Q 2022) Second quarter 2023 results: ฿0.014 loss per share (down from ฿0.004 profit in 2Q 2022). Revenue: ฿177.3m (down 21% from 2Q 2022). Net loss: ฿22.4m (down 456% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Jul 20
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 6.4% 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 (0.4x net interest cover). Earnings have declined by 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (฿1.14b market cap, or US$33.5m). Reported Earnings • May 19
First quarter 2023 earnings released: ฿0.012 loss per share (vs ฿0.003 profit in 1Q 2022) First quarter 2023 results: ฿0.012 loss per share (down from ฿0.003 profit in 1Q 2022). Revenue: ฿127.1m (down 37% from 1Q 2022). Net loss: ฿18.5m (down 427% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Jaree Wuthisanti was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: ฿0.004 (vs ฿0.069 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.004 (down from ฿0.069 in 2Q 2021). Revenue: ฿221.9m (down 43% from 2Q 2021). Net income: ฿6.31m (down 93% from 2Q 2021). Profit margin: 2.8% (down from 23% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Director Jaree Wuthisanti was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.16 (up from ฿0.082 in FY 2020). Revenue: ฿1.38b (up 69% from FY 2020). Net income: ฿202.1m (up 99% from FY 2020). Profit margin: 15% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 37% 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. Buying Opportunity • Mar 02
Now 20% undervalued Over the last 90 days, the stock is up 2.3%. The fair value is estimated to be ฿1.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 41% per annum over the last 3 years. Earnings per share has declined by 46% per annum over the last 3 years. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS ฿0.067 (vs ฿0.006 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿433.0m (up 236% from 3Q 2020). Net income: ฿78.8m (up ฿71.2m from 3Q 2020). Profit margin: 18% (up from 5.9% in 3Q 2020). The increase in margin was driven by higher revenue. 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 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ฿1.33, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 13x in the Real Estate industry in Thailand. Total loss to shareholders of 3.3% over the past three years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improved over the past week After last week's 18% share price gain to ฿1.43, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 12x in the Real Estate industry in Thailand. Total returns to shareholders of 1.7% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 16% share price gain to ฿1.38, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 12x in the Real Estate industry in Thailand. Total returns to shareholders of 1.5% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.074 (vs ฿0.024 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ฿391.8m (up 206% from 2Q 2020). Net income: ฿91.0m (up 207% from 2Q 2020). Profit margin: 23% (in line with 2Q 2020). 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 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 18% share price gain to ฿1.35, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 13x in the Real Estate industry in Thailand. Total returns to shareholders of 6.3% over the past three years. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.018 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿270.7m (up 16% from 1Q 2020). Net income: ฿37.1m (up 75% from 1Q 2020). Profit margin: 14% (up from 9.1% in 1Q 2020). The increase in margin was driven by higher revenue. 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 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 19% share price gain to ฿1.30, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total loss to shareholders of 2.8% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 35% share price gain to ฿1.35, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 7.4% over the past three years. Is New 90 Day High Low • Mar 08
New 90-day high: ฿0.91 The company is up 32% from its price of ฿0.69 on 08 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 3.0% over the same period. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS ฿0.09 (vs ฿0.12 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿814.5m (down 32% from FY 2019). Net income: ฿101.5m (down 31% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Feb 25
Richy Place 2002 Public Company Limited, Annual General Meeting, Apr 24, 2021 Richy Place 2002 Public Company Limited, Annual General Meeting, Apr 24, 2021, at 07:00 Coordinated Universal Time. Location: SD Avenue Hotel, 3st Floor, 94 Boromarajonani Road Bangbamru, Bang Phlat Bangkok Thailand Agenda: To consider and approve of the annual general meeting of Shareholders for year 2020 which held on September 25, 2020; to acknowledge the company's operational performance for the year 2020; to consider and approve of the financial statements for the year ended 31 December 2020; to consider and approve of the profit allocation and dividend payment of the 2020 operating result; to consider and approve the reduction of registered capital; to consider the increase of capital from the existing registered capital; to consider appointing the directors who have completed the term of office back into the positions; to consider the remuneration of Directions for the year 2021; to consider appointment of the auditors and fixing audit fee year 2021; and to consider other matters. Is New 90 Day High Low • Feb 02
New 90-day high: ฿0.81 The company is up 19% from its price of ฿0.68 on 04 November 2020. The Thai market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ฿0.71 The company is up 1.0% from its price of ฿0.70 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 23
New 90-day low: ฿0.65 The company is down 3.0% from its price of ฿0.67 on 25 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 Real Estate industry, which is up 7.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS ฿0.01 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿128.8m (down 19% from 3Q 2019). Net income: ฿7.62m (down 56% from 3Q 2019). Profit margin: 5.9% (down from 11% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Oct 07
Richy Place 2002 Public Company Limited Appoints Jaree Wuthisanti as Member of the Audit Committee and Director Richy Place 2002 Public Company Limited at its shareholders meeting held on 25 September 2020 appointed Mrs. Jaree Wuthisanti as member of the audit committee and Director, with effect from 25 September 2020.