Reported Earnings • May 21
First quarter 2026 earnings released: EPS: ฿0.04 (vs ฿0.065 in 1Q 2025) First quarter 2026 results: EPS: ฿0.04 (down from ฿0.065 in 1Q 2025). Revenue: ฿372.4m (down 23% from 1Q 2025). Net income: ฿27.8m (down 36% from 1Q 2025). Profit margin: 7.5% (down from 9.0% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 21
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 28 April 2026. Payment date: 15 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). In line with average of industry peers (6.5%). New Risk • Feb 24
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: 3.9% Last year net profit margin: 7.6% 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 Earnings have declined by 15% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (203% payout ratio). Profit margins are more than 30% lower than last year (3.9% net profit margin). Market cap is less than US$100m (฿1.86b market cap, or US$59.7m). Reported Earnings • Feb 24
Full year 2025 earnings released: EPS: ฿0.098 (vs ฿0.25 in FY 2024) Full year 2025 results: EPS: ฿0.098 (down from ฿0.25 in FY 2024). Revenue: ฿1.70b (down 23% from FY 2024). Net income: ฿65.7m (down 61% from FY 2024). Profit margin: 3.9% (down from 7.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 21
UAC Global Public Company Limited announces Annual dividend, payable on May 15, 2026 UAC Global Public Company Limited announced Annual dividend of THB 0.2000 per share payable on May 15, 2026, ex-date on April 28, 2026 and record date on April 29, 2026. Tillkännagivande • Feb 20
UAC Global Public Company Limited, Annual General Meeting, Apr 21, 2026 UAC Global Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.046 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.04 (down from ฿0.046 in 2Q 2024). Revenue: ฿482.3m (up 2.3% from 2Q 2024). Net income: ฿26.0m (down 16% from 2Q 2024). Profit margin: 5.4% (down from 6.6% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.07 (vs ฿0.09 in 1Q 2024) First quarter 2025 results: EPS: ฿0.07 (down from ฿0.09 in 1Q 2024). Revenue: ฿484.9m (up 1.3% from 1Q 2024). Net income: ฿43.4m (down 28% from 1Q 2024). Profit margin: 9.0% (down from 13% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Apr 25
UAC Global Public Company Limited Approves Dividend for the Year 2024, Payable on May 9, 2025 UAC Global Public Company Limited at its Annual General Meeting of Shareholders, held on April 24, 2025, approved the dividend payment for the 2024 performance to shareholders at the rate of THB 0.50 per share. The Company has already paid the interim dividend at the rate of THB 0.25 per share. Therefore, the remaining dividend would be at the rate of THB 0.25 per share. The record date to entitle rightful shareholders who may receive the dividend was on March 18, 2025. The dividend payment will be made on May 9, 2025. New Risk • Mar 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 198% Paying a dividend despite having no free cash flows. Earnings have declined by 5.7% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (7.6% net profit margin). Market cap is less than US$100m (฿2.02b market cap, or US$59.8m). Declared Dividend • Mar 03
Dividend of ฿0.25 announced Shareholders will receive a dividend of ฿0.25. Ex-date: 17th March 2025 Payment date: 9th May 2025 Dividend yield will be 17%, which is higher than the industry average of 7.1%. Sustainability & Growth Dividend is not covered by earnings (267% earnings payout ratio) nor is it covered by cash flows (448% cash payout ratio). The dividend has increased by an average of 45% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 196% to bring the payout ratio under control. However, EPS has declined by 3.6% over the last 5 years so the company would need to reverse this trend. Buy Or Sell Opportunity • Dec 20
Now 22% overvalued Over the last 90 days, the stock has fallen 11% to ฿3.02. The fair value is estimated to be ฿2.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has declined by 11%. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 2.3% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 171% Cash payout ratio: 358% Earnings have declined by 2.3% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.7% net profit margin). Market cap is less than US$100m (฿2.40b market cap, or US$68.5m). Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0.14 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.05 (down from ฿0.14 in 2Q 2023). Revenue: ฿471.3m (up 23% from 2Q 2023). Net income: ฿31.0m (down 66% from 2Q 2023). Profit margin: 6.6% (down from 24% in 2Q 2023). 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 13% per year. New Risk • Jun 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿2.32b market cap, or US$63.5m). Tillkännagivande • Apr 20
UAC Global Public Company Limited Approves Dividend for 2023, Payable on April 29, 2024 UAC Global Public Company Limited at the AGM held on April 18, 2024 approved the dividend payment for the 2023 performance to shareholders at the rate of THB 0.22 per share. The Company has already paid the interim dividend at the rate of THB 0.12 per share. Therefore, the remaining dividend would be at the rate of THB 0.10 per share. The record date to entitle rightful shareholders who may receive the dividend was on March 8, 2024. The dividend payment will be made on April 29, 2024. Upcoming Dividend • Feb 29
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 29 April 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (6.8%). Declared Dividend • Feb 25
Final dividend of ฿0.10 announced Shareholders will receive a dividend of ฿0.10. Ex-date: 7th March 2024 Payment date: 29th April 2024 Dividend yield will be 5.8%, which is lower than the industry average of 7.1%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: ฿0.41 (vs ฿0.12 in FY 2022) Full year 2023 results: EPS: ฿0.41 (up from ฿0.12 in FY 2022). Revenue: ฿1.76b (up 2.5% from FY 2022). Net income: ฿274.7m (up 248% from FY 2022). Profit margin: 16% (up from 4.6% in FY 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Nov 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 93% 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (฿2.52b market cap, or US$70.0m). Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ฿0.11 (vs ฿0.008 loss in 3Q 2022) Third quarter 2023 results: EPS: ฿0.11 (up from ฿0.008 loss in 3Q 2022). Revenue: ฿470.8m (up 11% from 3Q 2022). Net income: ฿76.4m (up ฿81.7m from 3Q 2022). Profit margin: 16% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Aug 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 250% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 138% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.0% net profit margin). Market cap is less than US$100m (฿2.59b market cap, or US$73.2m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.14 (vs ฿0.027 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.14 (up from ฿0.027 in 2Q 2022). Revenue: ฿442.5m (up 21% from 2Q 2022). Net income: ฿92.1m (up 412% from 2Q 2022). Profit margin: 21% (up from 4.9% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Jun 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 338% 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.3% net profit margin). Market cap is less than US$100m (฿2.63b market cap, or US$75.5m). Upcoming Dividend • May 23
Upcoming dividend of ฿0.12 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 09 June 2023. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Thai dividend payers (6.4%). Lower than average of industry peers (6.9%). Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿0.13 (vs ฿0.11 in 1Q 2022) First quarter 2023 results: EPS: ฿0.13 (up from ฿0.11 in 1Q 2022). Revenue: ฿497.6m (down 4.9% from 1Q 2022). Net income: ฿85.3m (up 19% from 1Q 2022). Profit margin: 17% (up from 14% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 02
Upcoming dividend of ฿0.12 per share at 6.3% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 19 April 2023. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 6.3%. Within top quartile of Thai dividend payers (5.7%). In line with average of industry peers (6.6%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Vice Chairman Aekkachai Nittayakasetwat was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: ฿0.27 (vs ฿0.085 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.27. Revenue: ฿366.5m (down 4.5% from 2Q 2021). Net income: ฿18.0m (down 68% from 2Q 2021). Profit margin: 4.9% (down from 15% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Reported Earnings • May 16
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: ฿0.11 (down from ฿0.12 in 1Q 2021). Revenue: ฿523.1m (up 56% from 1Q 2021). Net income: ฿71.9m (down 6.7% from 1Q 2021). Profit margin: 14% (down from 23% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) missed analyst estimates by 4.2%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Vice Chairman Aekkachai Nittayakasetwat was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Apr 09
UAC Global Public Company Limited Approves Dividend for the 2021, Payable on May 6, 2022 UAC Global Public Company Limited approved the dividend payment for the 2021 performance to shareholders at the rate of THB 0.28 per share. The Company has already paid the interim dividend at the rate of THB 0.08 per share. Therefore, the remaining dividend would be at the rate of THB 0.20 per share. The record date to entitle rightful shareholders who may receive the dividend was on March 11, 2022. The dividend payment will be made on May 6, 2022. Upcoming Dividend • Mar 03
Upcoming dividend of ฿0.20 per share Eligible shareholders must have bought the stock before 10 March 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (4.3%). Reported Earnings • Feb 28
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ฿0.37 (down from ฿0.41 in FY 2020). Revenue: ฿1.52b (up 20% from FY 2020). Net income: ฿246.8m (down 9.0% from FY 2020). Profit margin: 16% (down from 21% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) missed analyst estimates by 4.2%. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 27% share price gain to ฿7.80, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 20x in the Trade Distributors industry in Thailand. Total returns to shareholders of 137% over the past three years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 25% share price decline to ฿5.15, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 22x in the Trade Distributors industry in Thailand. Total returns to shareholders of 55% over the past three years. Upcoming Dividend • Dec 28
Upcoming dividend of ฿0.08 per share Eligible shareholders must have bought the stock before 04 January 2022. Payment date: 17 January 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 18% share price gain to ฿5.90, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 21x in the Trade Distributors industry in Thailand. Total returns to shareholders of 68% over the past three years. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS ฿0.09 (vs ฿0.048 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿435.6m (up 58% from 3Q 2020). Net income: ฿58.4m (up 81% from 3Q 2020). Profit margin: 13% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS ฿0.085 (vs ฿0.04 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿374.9m (up 6.2% from 2Q 2020). Net income: ฿56.8m (up 115% from 2Q 2020). Profit margin: 15% (up from 7.5% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
First quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.16 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿340.2m (down 7.2% from 1Q 2020). Net income: ฿77.1m (down 27% from 1Q 2020). Profit margin: 23% (down from 29% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 08
Upcoming Dividend of ฿0.14 Per Share Will be paid on the 7th of May to those who are registered shareholders by the 15th of March. The trailing yield of 4.3% is below the top quartile of Thai dividend payers (5.6%), but is in line with industry peers (4.6%). Reported Earnings • Feb 27
Full year 2020 earnings released: EPS ฿0.41 (vs ฿0.24 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿1.29b (down 55% from FY 2019). Net income: ฿271.2m (up 66% from FY 2019). Profit margin: 21% (up from 5.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • Feb 26
UAC Global Public Company Limited, Annual General Meeting, Apr 08, 2021 UAC Global Public Company Limited, Annual General Meeting, Apr 08, 2021, at 14:00 SE Asia Standard Time. Location: Floor 25th, TP&T Tower, No. 1 Soi Vibhavadirangsit Road, Chatuchak Sub-district, Chatuchak District Bangkok Thailand Agenda: To consider and approve the minutes of 2020 annual general meeting of shareholders; to acknowledge the company's operating results for the year of 2020; to consider and approve the financial statements during the period of 1st January to 31st December 2020; to consider and approve annual dividend payment the year 2020; and other business. Is New 90 Day High Low • Feb 18
New 90-day high: ฿4.68 The company is up 19% from its price of ฿3.94 on 20 November 2020. The Thai market is up 11% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Trade Distributors industry, which is also up 19% over the same period. Is New 90 Day High Low • Feb 02
New 90-day high: ฿4.50 The company is up 11% from its price of ฿4.06 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 Trade Distributors industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ฿4.32 The company is up 16% from its price of ฿3.72 on 17 September 2020. The Thai market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is down 1.0% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS ฿0.048 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿285.3m (down 21% from 3Q 2019). Net income: ฿32.2m (up 156% from 3Q 2019). Profit margin: 11% (up from 3.5% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 03
New 90-day high: ฿4.00 The company is up 4.0% from its price of ฿3.84 on 05 August 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 5.0% over the same period. 
