Buy Or Sell Opportunity • Aug 10
Now 21% undervalued Over the last 90 days, the stock has risen 15% to ฿2.60. The fair value is estimated to be ฿3.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 8.0%. Reported Earnings • Aug 08
Second quarter 2026 earnings released: EPS: ฿0.064 (vs ฿0.029 in 2Q 2025) Second quarter 2026 results: EPS: ฿0.064 (up from ฿0.029 in 2Q 2025). Revenue: ฿2.59b (flat on 2Q 2025). Net income: ฿38.6m (up 125% from 2Q 2025). Profit margin: 1.5% (up from 0.7% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 09
First quarter 2026 earnings released: EPS: ฿0.07 (vs ฿0.041 in 1Q 2025) First quarter 2026 results: EPS: ฿0.07 (up from ฿0.041 in 1Q 2025). Revenue: ฿2.90b (up 11% from 1Q 2025). Net income: ฿43.3m (up 75% from 1Q 2025). Profit margin: 1.5% (up from 0.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 27
Copperwired Public Company Limited Proposes Dividend for the Period of 01 January 2025 to 31 December 2025, Payable on 14 May 2026 Copperwired Public Company Limited proposed to consider and approved the dividend payment from the Company's profits as of December 31, 2025 at the rate of THB 0.190 per share, totaling THB 114 million, representing a dividend payout ratio of 89.46% of net profit, and to appropriate THB 2.60 million to legal reserve. As the Company already paid an interim dividend from the operating results for the six-month period ended June 30, 2025, at the rate of THB 0.04 per share on 4 September 2025 amounting of THB 24 million, the final dividend to be paid is THB 0.15 per share, totaling THB 90 million. The record date for the right to receive dividend is 10 March 2026, and the dividend will be paid on 14 May 2026. However, this is subject to approval at the AGM. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: ฿0.21 (vs ฿0.17 in FY 2024) Full year 2025 results: EPS: ฿0.21 (up from ฿0.17 in FY 2024). Revenue: ฿10.8b (up 22% from FY 2024). Net income: ฿127.4m (up 23% from FY 2024). Profit margin: 1.2% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 25
Copperwired Public Company Limited, Annual General Meeting, Apr 23, 2026 Copperwired Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.039 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.04 (up from ฿0.039 in 3Q 2024). Revenue: ฿2.50b (up 24% from 3Q 2024). Net income: ฿25.7m (up 10.0% from 3Q 2024). Profit margin: 1.0% (down from 1.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 10
First half dividend of ฿0.04 announced Dividend of ฿0.04 is the same as last year. Ex-date: 21st August 2025 Payment date: 4th September 2025 Dividend yield will be 7.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (341% cash payout ratio). The dividend has increased by an average of 25% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 9.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: ฿0.03 (vs ฿0.018 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.03 (up from ฿0.018 in 2Q 2024). Revenue: ฿2.57b (up 25% from 2Q 2024). Net income: ฿17.1m (up 55% from 2Q 2024). Profit margin: 0.7% (up from 0.5% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ฿2.20, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 13x in the Specialty Retail industry in Thailand. Total loss to shareholders of 32% over the past three years. Reported Earnings • May 11
First quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.041 in 1Q 2024) First quarter 2025 results: EPS: ฿0.04. Revenue: ฿2.62b (up 18% from 1Q 2024). Net income: ฿24.7m (flat on 1Q 2024). Profit margin: 0.9% (down from 1.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Tillkännagivande • Apr 24
Copperwired Public Company Limited Approves Final Dividend Payment for the Fiscal Year 2024 Copperwired Public Company Limited at its Annual General Meeting of Shareholders for the year 2025 on 23 April 2025 approved the dividend payment for the fiscal year 2024 at the rate of THB 0.160 per share, amounting to a total of THB 92,000,000, and appropriation of legal reserve totaling THB 5,300,000. As the Company already paid an interim dividend from the operating results for the six-month period ended June 30, 2024, at the rate of THB 0.04 per share on 11 September 2024 amounting to THB 24,000000, the final dividend to be paid is THB 0.12 per hare, totaling THB 72,000,000, and appropriation of legal reserve totaling THB 5,300,000. Declared Dividend • Mar 02
Final dividend of ฿0.12 announced Shareholders will receive a dividend of ฿0.12. Ex-date: 7th March 2025 Payment date: 14th May 2025 Dividend yield will be 7.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is well covered by cash flows (37% cash payout ratio). The dividend has increased by an average of 31% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.8% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: ฿0.17 (vs ฿0.21 in FY 2023) Full year 2024 results: EPS: ฿0.17 (down from ฿0.21 in FY 2023). Revenue: ฿8.81b (up 18% from FY 2023). Net income: ฿103.8m (down 20% from FY 2023). Profit margin: 1.2% (down from 1.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 25
Copperwired Public Company Limited, Annual General Meeting, Apr 23, 2025 Copperwired Public Company Limited, Annual General Meeting, Apr 23, 2025, at 14:00 SE Asia Standard Time. Tillkännagivande • Feb 24
Copperwired Public Company Limited Proposes Dividend for the Fiscal Year Ended 31 December 2024, Payable on 14 May 2025 Copperwired Public Company Limited announced that at its board meeting held on 24 February 2025, approved to propose to the AGM to declare dividend for the fiscal year ended 31 December 2024 at THB 0.16 per share, totaling THB 96 million, representing a dividend payout ratio of 92.51% of net profit, and to appropriate THB 5.30 million to legal reserve. As the company already paid an interim dividend from the operating results for the six-month period ended June 30, 2024, at the rate of THB 0.04 per share on 11 September 2024 amounting of THB 24 million, the final dividend to be paid is THB 0.12 per share, totaling THB 72 million. The record date for the right to receive dividend is 10 March 2025, and the dividend will be paid on 14 May 2025. However, this is subject to approval at the AGM. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.099 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.04 (down from ฿0.099 in 3Q 2023). Revenue: ฿2.01b (up 12% from 3Q 2023). Net income: ฿23.3m (down 61% from 3Q 2023). Profit margin: 1.2% (down from 3.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. New Risk • Sep 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿1.86b market cap, or US$54.9m). Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿3.00, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 20x in the Specialty Retail industry in Thailand. Total loss to shareholders of 14% over the past three years. Upcoming Dividend • Aug 21
Upcoming dividend of ฿0.04 per share Eligible shareholders must have bought the stock before 28 August 2024. Payment date: 11 September 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (6.8%). In line with average of industry peers (3.2%). Tillkännagivande • Aug 17
Copperwired Public Company Limited Announces Interim Cash Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on September 11, 2024 Copperwired Public Company Limited announced interim cash dividend of THB 0.04 per share for the operating period from January 1, 2024 to June 30, 2024, payable on September 11, 2024. Record date for the right to receive dividends is August 29, 2024. Ex-dividend date is August 28, 2024. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.014 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.02 (up from ฿0.014 in 2Q 2023). Revenue: ฿2.07b (up 32% from 2Q 2023). Net income: ฿11.1m (up 29% from 2Q 2023). Profit margin: 0.5% (in line with 2Q 2023). 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 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.034 in 1Q 2023) First quarter 2024 results: EPS: ฿0.04 (up from ฿0.034 in 1Q 2023). Revenue: ฿2.23b (up 15% from 1Q 2023). Net income: ฿24.6m (up 21% from 1Q 2023). Profit margin: 1.1% (up from 1.0% in 1Q 2023). The increase in margin was driven by higher revenue. 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 15% per year, which means it is significantly lagging earnings. Tillkännagivande • Apr 19
Copperwired Public Company Limited Approves Dividend for the Fiscal Year 2023 Copperwired Public Company Limited at its annual general meeting of shareholders for the year 2024 on 18 April 2024 approved the dividend payment for the fiscal year 2023 at the rate of THB 0.140 per share, amounting to a total of THB 84,000,000, and appropriation of legal reserve totaling THB 6,500,000. Upcoming Dividend • Feb 29
Upcoming dividend of ฿0.14 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 08 May 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.6%). Declared Dividend • Feb 21
Dividend of ฿0.14 announced Shareholders will receive a dividend of ฿0.14. Ex-date: 7th March 2024 Payment date: 8th May 2024 Dividend yield will be 5.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 17% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 1.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.029 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.10 (up from ฿0.029 in 3Q 2022). Revenue: ฿1.80b (up 11% from 3Q 2022). Net income: ฿59.1m (up 237% from 3Q 2022). Profit margin: 3.3% (up from 1.1% 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 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Oct 11
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (฿1.56b market cap, or US$42.9m). Buying Opportunity • Sep 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.4%. The fair value is estimated to be ฿3.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 32% in the next 2 years. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: ฿0.01 (vs ฿0.022 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.01 (down from ฿0.022 in 2Q 2022). Revenue: ฿1.57b (down 6.3% from 2Q 2022). Net income: ฿8.60m (down 35% from 2Q 2022). Profit margin: 0.5% (down from 0.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: ฿0.01 (vs ฿0.022 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.01 (down from ฿0.022 in 2Q 2022). Revenue: ฿1.57b (down 6.3% from 2Q 2022). Net income: ฿8.60m (down 35% from 2Q 2022). Profit margin: 0.5% (down from 0.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Reported Earnings • May 09
First quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.03 in 1Q 2022) First quarter 2023 results: EPS: ฿0.03 (in line with 1Q 2022). Revenue: ฿1.94b (up 8.3% from 1Q 2022). Net income: ฿20.3m (up 14% from 1Q 2022). Profit margin: 1.0% (in line with 1Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ฿3.12, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Specialty Retail industry in Thailand. Total returns to shareholders of 248% over the past three years. Upcoming Dividend • Mar 02
Upcoming dividend of ฿0.08 per share at 2.2% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (5.7%). In line with average of industry peers (2.2%). 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 Pornchai Chunhachinda 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. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: ฿0.029 (vs ฿0.006 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.029 (up from ฿0.006 in 3Q 2021). Revenue: ฿1.63b (up 126% from 3Q 2021). Net income: ฿17.5m (up 405% from 3Q 2021). Profit margin: 1.1% (up from 0.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 18% share price gain to ฿4.12, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Specialty Retail industry in Thailand. Total returns to shareholders of 13% over the past year. Price Target Changed • Jul 23
Price target decreased to ฿3.34 Down from ฿4.93, the current price target is provided by 1 analyst. New target price is 19% below last closing price of ฿4.12. Stock is up 12% over the past year. The company is forecast to post earnings per share of ฿0.13 for next year compared to ฿0.14 last year. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ฿3.70, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Specialty Retail industry in Thailand. Total loss to shareholders of 3.1% over the past year. Price Target Changed • Apr 27
Price target increased to ฿5.48 Up from ฿4.93, the current price target is provided by 1 analyst. New target price is 5.4% above last closing price of ฿5.20. Stock is up 34% over the past year. The company is forecast to post earnings per share of ฿0.20 for next year compared to ฿0.14 last year. 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 Pornchai Chunhachinda 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 • Mar 01
Upcoming dividend of ฿0.08 per share Eligible shareholders must have bought the stock before 08 March 2022. Payment date: 09 May 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Thai dividend payers (5.2%). In line with average of industry peers (1.6%). Tillkännagivande • Feb 25
Copperwired Public Company Limited, Annual General Meeting, Apr 22, 2022 Copperwired Public Company Limited, Annual General Meeting, Apr 22, 2022, at 14:00 SE Asia Standard Time. Agenda: To consider and approve the consolidated financial statements for the year ended 31 December 202; to consider and approve the dividend payment and appropriation of legal reserve; to consider and approve the appointment of directors replacing those retired by rotation; to consider and approve the director's remuneration; to consider and approve the appointment of auditors, and their remuneration; and to consider other matter also. Tillkännagivande • Feb 24
Copperwired Public Company Limited Proposes Dividend for the Fiscal Year 2021 Copperwired Public Company Limited proposes to the AGM to declare dividend for the fiscal year 2021 at THB 0.08 per share, totaling THB 48 million, representing a dividend payout ratio of 56.02% of net profit per the separated financial statements, and to appropriate THB 4.40 million to legal reserve. The record date for the right to receive dividend is 9 March 2022, and the dividend will be paid on 9 May 2022. However, this is subject to approval at the AGM. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿0.14 (up from ฿0.091 in FY 2020). Revenue: ฿5.25b (up 57% from FY 2020). Net income: ฿85.7m (up 56% from FY 2020). Profit margin: 1.6% (in line with FY 2020). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Over the next year, revenue is forecast to grow 53%, compared to a 11% growth forecast for the retail industry in Thailand. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 25% share price decline to ฿5.60, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 26x in the Specialty Retail industry in Thailand. Total returns to shareholders of 170% over the past year. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 33% share price gain to ฿5.45, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 26x in the Specialty Retail industry in Thailand. Total returns to shareholders of 168% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿9.91 per share. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS ฿0.006 (vs ฿0.005 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿721.0m (up 13% from 3Q 2020). Net income: ฿3.47m (up 6.2% from 3Q 2020). Profit margin: 0.5% (in line with 3Q 2020). Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 15% share price gain to ฿4.26, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 27x in the Specialty Retail industry in Thailand. Total returns to shareholders of 142% over the past year. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS ฿0.012 (vs ฿0.002 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿944.8m (up 60% from 2Q 2020). Net income: ฿6.95m (up 494% from 2Q 2020). Profit margin: 0.7% (up from 0.2% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • May 15
First quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.019 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.04b (up 33% from 1Q 2020). Net income: ฿25.0m (up 115% from 1Q 2020). Profit margin: 2.4% (up from 1.5% in 1Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 15% share price gain to ฿4.48, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 30x in the Specialty Retail industry in Thailand. Total returns to shareholders of 313% over the past year. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 18% share price gain to ฿3.66, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 29x in the Specialty Retail industry in Thailand. Total returns to shareholders of 218% over the past year. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 19% share price gain to ฿3.00, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 30x in the Specialty Retail industry in Thailand. Total returns to shareholders of 223% over the past year. Upcoming Dividend • Feb 26
Upcoming Dividend of ฿0.08 Per Share Will be paid on the 5th of May to those who are registered shareholders by the 5th of March. The trailing yield of 3.5% is below the top quartile of Thai dividend payers (5.9%), but it is higher than industry peers (1.0%). Tillkännagivande • Feb 23
Copperwired Public Company Limited, Annual General Meeting, Apr 19, 2021 Copperwired Public Company Limited, Annual General Meeting, Apr 19, 2021, at 07:00 Coordinated Universal Time. Agenda: To consider and adopt the minutes of the 2020 Annual General Meeting of Shareholders; To acknowledge the Company's 2020 operating results; To consider and approve the consolidated financial statements for the year ended 31 December 2020; To consider and approve the dividend payment and appropriation of legal reserve; To consider and approve the appointment of directors replacing those retired by rotation; To consider and approve the director's remuneration; To consider and approve the appointment of auditors, and their remuneration; To acknowledge the change in objectives of IPO proceeds utilization; and Other business. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS ฿0.09 (vs ฿0.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿3.34b (down 7.5% from FY 2019). Net income: ฿54.8m (down 29% from FY 2019). Profit margin: 1.6% (down from 2.1% in FY 2019). The decrease in margin was driven by lower revenue. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 2.1%, compared to a 13% growth forecast for the Specialty Retail industry in Thailand. Is New 90 Day High Low • Feb 17
New 90-day high: ฿2.42 The company is up 11% from its price of ฿2.18 on 19 November 2020. The Thai market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Oct 19
Market pulls back on stock over the past week After last week's 17% share price decline to ฿2.12, the stock is trading at a trailing P/E ratio of 18.3x, down from the previous P/E ratio of 22x. This compares to an average P/E of 23x in the Specialty Retail industry in Thailand. Total return to shareholders over the past year is a loss of 12%. Is New 90 Day High Low • Sep 25
New 90-day high: ฿2.24 The company is up 32% from its price of ฿1.70 on 26 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. 
