Reported Earnings • Mar 04
Full year 2025 earnings released Full year 2025 results: Revenue: ฿648.3m (up 28% from FY 2024). Net loss: ฿79.4m (down ฿82.4m from profit in FY 2024). Announcement • Mar 02
Thai Parcels Public Company Limited, Annual General Meeting, Apr 27, 2026 Thai Parcels Public Company Limited, Annual General Meeting, Apr 27, 2026, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 15
Third quarter 2025 earnings released: ฿0.043 loss per share (vs ฿0.004 loss in 3Q 2024) Third quarter 2025 results: ฿0.043 loss per share (further deteriorated from ฿0.004 loss in 3Q 2024). Revenue: ฿142.3m (up 15% from 3Q 2024). Net loss: ฿23.1m (loss widened ฿21.0m from 3Q 2024). New Risk • Nov 14
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 9.3% 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 (9.3% average weekly change). Earnings have declined by 78% per year over the past 5 years. Shareholders have been substantially diluted in the past year (119% increase in shares outstanding). Minor Risk Market cap is less than US$100m (฿609.3m market cap, or US$18.8m). New Risk • Oct 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 111% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 78% per year over the past 5 years. Shareholders have been substantially diluted in the past year (111% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (฿740.4m market cap, or US$22.9m). Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0 (vs ฿0.008 loss in 2Q 2024) Second quarter 2025 results: EPS: ฿0 (improved from ฿0.008 loss in 2Q 2024). Revenue: ฿120.3m (up 2.6% from 2Q 2024). Net loss: ฿137.0k (loss narrowed 97% from 2Q 2024). Announcement • May 30
Thai Parcels Public Company Limited (SET:TPL) agreed to acquire 73.32% stake in Chalermpat Corporation Co., Ltd. from Aqua Corporation Public Company Limited (SET:AQUA) for THB 300 million. Thai Parcels Public Company Limited (SET:TPL) agreed to acquire 73.32% stake in Chalermpat Corporation Co., Ltd. from Aqua Corporation Public Company Limited (SET:AQUA) for THB 300 million on May 28, 2025. The consideration consists of 428.57 million common equity of Thai Parcels Public Company Limited having a value of THB 300 million to be issued for common equity of Chalermpat Corporation Co., Ltd. As part of consideration, THB 300 million is paid towards common equity of Chalermpat Corporation Co., Ltd. The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and consummation of private placement. The deal has been approved by the board. Aqua Corporation Public Company Limited has obtained the Whitewash approval from the SEC. New Risk • May 28
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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 81% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿398.2m market cap, or US$12.2m). Reported Earnings • May 15
First quarter 2025 earnings released: ฿0.004 loss per share (vs ฿0.004 profit in 1Q 2024) First quarter 2025 results: ฿0.004 loss per share (down from ฿0.004 profit in 1Q 2024). Revenue: ฿121.0m (down 9.1% from 1Q 2024). Net loss: ฿2.31m (down 208% from profit in 1Q 2024). Announcement • Feb 28
Thai Parcels Public Company Limited Appoints Yuttapong Artharn as Chief Financial Officer Thai Parcels Public Company Limited announced appointment of Mr. YUTTAPONG ARTHARN as Chief Financial Officer. Effective Date of appointment is February 26, 2025. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: ฿0.006 (vs ฿0.007 loss in FY 2023) Full year 2024 results: EPS: ฿0.006 (up from ฿0.007 loss in FY 2023). Revenue: ฿507.5m (up 1.1% from FY 2023). Net income: ฿3.02m (up ฿6.18m from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). Announcement • Feb 27
Thai Parcels Public Company Limited, Annual General Meeting, Apr 25, 2025 Thai Parcels Public Company Limited, Annual General Meeting, Apr 25, 2025, at 14:00 SE Asia Standard Time. Location: at the company`s meeting room at 1018, 1018 luang phaeng road thap yao, subdistrict, lat krabang district, bangkok 10520, bangkok Thailand New Risk • Feb 26
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 6.6% 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 Earnings have declined by 65% per year over the past 5 years. Market cap is less than US$10m (฿314.4m market cap, or US$9.32m). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). New Risk • Feb 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿330.1m (US$9.75m) 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 65% per year over the past 5 years. Market cap is less than US$10m (฿330.1m market cap, or US$9.75m). Announcement • Jan 30
Thai Parcels Public Company Limited Announces Resignation of Roongsak Sae-Eung as Chief Financial Officer Thai Parcels Public Company Limited announced resignation of Mr. Roongsak Sae-eung as Chief Financial Officer. Effective Date of Termination is 16 December 2024. Announcement • Sep 05
Thai Parcels Public Company Limited Announces Change of Chief Executive Officer Thai Parcels Public Company Limited in its Board of Directors Meeting held on September 4,2024 resolved as follows: Acknowledged the resignation of Mr. Komsahaspob Nuttayakul, the Chief Executive Officer effective from September 1, 2024 onwards. Approved the appointment of Mr. Chaipipat Kaewtrirat become Chief Executive Officer on September 4, 2024 onwards. Reported Earnings • Aug 15
Second quarter 2024 earnings released: ฿0.008 loss per share (vs ฿0.01 loss in 2Q 2023) Second quarter 2024 results: ฿0.008 loss per share (improved from ฿0.01 loss in 2Q 2023). Revenue: ฿117.3m (down 1.3% from 2Q 2023). Net loss: ฿3.94m (loss narrowed 2.4% from 2Q 2023). Announcement • Jul 04
Thai Parcels Public Company Limited Announces Board Changes Thai Parcels Public Company Limited informed the Stock Exchange of Thailand that the Company's Board of Director's meeting no.3/2024, held on July 4, 2024, The details are as follows: Mr. Somchai Meesen has resigned from the position of the Director, due to his other business engagement, effective since July 1, 2024 onward. The Board of Directors has considered and approved to appoint Mr. Chaipipat Kaewtrirat as the new Director effective from July 4, 2024 onward. It was resolved to appoint Mr. Chaipipat Kaewtrirat as a Executive Committee, effective from July 4, 2024 onward. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ฿0.004 (vs ฿0.023 in 1Q 2023) First quarter 2024 results: EPS: ฿0.004 (down from ฿0.023 in 1Q 2023). Revenue: ฿133.1m (up 3.7% from 1Q 2023). Net income: ฿2.14m (down 77% from 1Q 2023). Profit margin: 1.6% (down from 7.1% in 1Q 2023). The decrease in margin was driven by higher expenses. New Risk • Apr 04
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 9.2% 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 (9.2% average weekly change). Earnings have declined by 33% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿775.5m market cap, or US$21.1m). Announcement • Mar 12
Thai Parcels Public Company Limited Announces Chief Accountant Changes Thai Parcels Public Company Limited announced termination of Mr. Siriwat Saihuy as Chief accountant (Accounting manager), effective February 29,2024 Company also announced appointment of Mrs. Wasana Sugpuek as Chief accountant (Accounting Manager), effective March 11, 2024. Announcement • Feb 29
Thai Parcels Public Company Limited to Report Fiscal Year 2023 Results on Feb 27, 2024 Thai Parcels Public Company Limited announced that they will report fiscal year 2023 results on Feb 27, 2024 Announcement • Feb 28
Thai Parcels Public Company Limited Announces Board Changes Thai Parcels Public Company Limited announced that at the board meeting held on February 27, 2024 announced that Mr. Pongdith Potchana has resigned from the position of the Chairman of the board Directors and Independent Director, caused of health problems, effective since March 1, 2024 onward. The Board of Directors has considered and approved to appoint Mr. Punn Kasemsup as the new chairman effective from March 1, 2024 onward. The Board of Directors approved the recommendation to appoint Mr. Anake Pinvanichkul as the new Independent Director replacing Mr. Pongdith Potchana. The Nomination and Remuneration Committee has considered that he had the knowledge, capability, and qualification in accordance with the relevant laws and company regulations. It was also resolved to appoint Mr. Roengsak Sae-Eung and Mr. Chusak Tubwong as a Executive Committee effective from March 1, 2024 onward. ?After the appointment mentioned above the Board of Directors and sub-committees will consist of the following directors: 10 members of the Company's Board of Directors consists of; Mr. Punn Kasemsup- Chairman/Independent Director; Dr. Varanyu Suchivoraphanpong- Director/Independent Director; Mr. Phairat Watcharasathapornphong- Director/Independent Director; Mr. Anake Pinvanichkul- Director/Independent Director; Mrs. Warangkana Kalayanapradit- Director; Mr. Somchai Meesen- Director; Mr. Chalermchai Chinavicharana- Director; Mrs. Vassa Chinavicharana- Director; Miss Patcharaporn Chinavicharana- Director; Mr. Komsahaspob Nuttayakul- Director. 3 members of the Audit committee consists of; Mr. Punn Kasemsup- Chairman of the Audit Committee; Mr. Varanyu Suchivoraphanpong- Audit Committee; Mr.Phairat Watcharas athapornphong- Audit Committee 3 members of the Nomination and Remuneration committee consists of; Mr. Varanyu Suchivoraphanpong- Chaiman of the Nomination and Remuneration Committee; Mr. Punn Kasemsup- Nomination and Remuneration Committee; Mrs. Warangkana Kalayanapradit- Nomination and Remuneration Committee. 3 members of the Risk Management Committee consists of; Mr. Phairat Watcharasathapornphong- Chairman of the Risk Management Committee; Mr. Chalermchai Chinavicharana- Risk Management Committee; Miss Patcharaporn Chinavicharana- Risk Management Committee. 6 members of the Executive Committee consists of; Mr. Chalermchai Chinavicharana- Executive Chairman ?; Mr.Komsahaspob Nuttayakul- Executive Committee; Mrs. Vassa Chinavicharana- Executive Committee; Miss Vamion Chinavijcharana- Executive Committee; Mr.Roengsak Sae-Eung- Executive Committee; Mr.Chusak Tubwong-Executive Committee. Reported Earnings • Feb 28
Full year 2023 earnings released: ฿0.007 loss per share (vs ฿0.052 profit in FY 2022) Full year 2023 results: ฿0.007 loss per share (down from ฿0.052 profit in FY 2022). Revenue: ฿502.0m (up 4.4% from FY 2022). Net loss: ฿3.15m (down 115% from profit in FY 2022). Reported Earnings • Nov 14
Third quarter 2023 earnings released: ฿0.014 loss per share (vs ฿0.017 profit in 3Q 2022) Third quarter 2023 results: ฿0.014 loss per share (down from ฿0.017 profit in 3Q 2022). Revenue: ฿117.7m (flat on 3Q 2022). Net loss: ฿7.11m (down 202% from profit in 3Q 2022). Announcement • Nov 02
Thai Parcels Public Company Limited Announces CFO Changes Thai Parcels Public Company Limited announced CFO changes. Resign: Position of CFO: Chief Financial Officer, Mr. Niti Panyawisitkul, Effective Date of Termination: 31-Oct-2023. Appoint Position of CFO: Chief Financial Officer, Mr. Roongsak Sae-eung, Effective Date of Appointment: 01-Nov-2023. Announcement • Sep 06
Thai Parcels Public Company Limited Announces Resignation of Pathrlap Davivongsa as Chief Executive Officer, Effective from September 30, 2023 Thai Parcels Public Company Limited announced the resignation of Pathrlap Davivongsa as Chief Executive Officer, Authorized Director on 31 August 2023, caused of health problems, inability to devote knowledge and skills for good performance, effective from 30 September, 2023 onwards. Announcement • Sep 05
Thai Parcels Public Company Limited Announces Resignation of Pathrlap Davivongsa as Director, Authorized Director, Effective from September 30, 2023 Thai Parcels Public Company Limited announced the resignation of Pathrlap Davivongsa as Director, Authorized Director on 31 August 2023, caused of health problems, inability to devote knowledge and skills for good performance, effective from 30 September, 2023 onwards. Reported Earnings • Aug 12
Second quarter 2023 earnings released: ฿0.01 loss per share (vs ฿0.007 profit in 2Q 2022) Second quarter 2023 results: ฿0.01 loss per share (down from ฿0.007 profit in 2Q 2022). Revenue: ฿118.9m (up 3.1% from 2Q 2022). Net loss: ฿4.04m (down 236% from profit in 2Q 2022). Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿1.95, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 11x in the Logistics industry in Thailand. Announcement • Aug 10
Thai Parcels Public Company Limited Announces the Resignation of Pongsutti Phuensane as Independent Director and Chairman of the Audit Committee Thai Parcels Public Company Limited announced that Mr. Pongsutti Phuensane, an independent director and chairman of the audit committee, has resigned from his positions as an independent director and from all positions on the board of directors due to other mission. This resignation is effective from August 5,2023 onwards. However, the board of directors will consider selecting qualified individuals to appoint to the vacant position of director in the company. The company will inform the Stock Exchange of Thailand and investors accordingly in the future. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿1.67, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 11x in the Logistics industry in Thailand. New Risk • Jul 10
New major risk - Revenue and earnings growth Earnings have declined by 16% 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 Shares are highly illiquid. Earnings have declined by 16% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿1.08b market cap, or US$30.7m). Announcement • Jul 01
Thai Parcels Public Company Limited has completed an IPO in the amount of THB 396 million. Thai Parcels Public Company Limited has completed an IPO in the amount of THB 396 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 120,000,000
Price\Range: THB 3.3