Upcoming Dividend • Apr 15
Upcoming dividend of ฿0.21 per share Eligible shareholders must have bought the stock before 22 April 2026. Payment date: 08 May 2026. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 7.4%. Within top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (5.4%). Reported Earnings • Mar 15
Full year 2025 earnings released: EPS: ฿0.38 (vs ฿0.37 in FY 2024) Full year 2025 results: EPS: ฿0.38 (up from ฿0.37 in FY 2024). Revenue: ฿6.82b (down 5.3% from FY 2024). Net income: ฿581.1m (up 1.5% from FY 2024). Profit margin: 8.5% (up from 8.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year. Declared Dividend • Feb 23
Dividend of ฿0.21 announced Shareholders will receive a dividend of ฿0.21. Ex-date: 22nd April 2026 Payment date: 8th May 2026 Dividend yield will be 7.1%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (143% earnings payout ratio) nor is it covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 3.0% 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 59% 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. Tillkännagivande • Feb 20
Advanced Information Technology Public Company Limited, Annual General Meeting, Apr 09, 2026 Advanced Information Technology Public Company Limited, Annual General Meeting, Apr 09, 2026, at 14:00 SE Asia Standard Time. Location: broadcast from avani ratchada bangkok hotel, Thailand Tillkännagivande • Feb 07
Advanced Information Technology Public Company Limited Announces Executive Changes, Effective from February 5, 2026 Advanced Information Technology Public Company Limited announced the resignation of Mr. Thongdee Paso from his positions as Independent Director and member of the Corporate Governance and Sustainable Development Committee, effective from December 15, 2023, with expiration on February 5, 2026. Mr. Thongdee Paso resigned from his position due to the additional workload. AIT Public Company Limited also announced the resignation of Mr. Thanarak Phongphatar from his positions as Independent Director, member of the Audit Committee, and Chairman of the Corporate Governance and Sustainable Development Committee, effective from April 5, 2012, with expiration on February 5, 2026. Mr. Thanarak Phongphatar resigned from his position due to the additional workload. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: ฿0.10 (vs ฿0.099 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.10 (up from ฿0.099 in 3Q 2024). Revenue: ฿1.86b (down 3.7% from 3Q 2024). Net income: ฿154.8m (up 2.1% from 3Q 2024). Profit margin: 8.3% (up from 7.9% in 3Q 2024). The increase in margin was driven by lower expenses. 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 12% per year. Declared Dividend • Aug 09
First half dividend of ฿0.15 announced Shareholders will receive a dividend of ฿0.15. Ex-date: 21st August 2025 Payment date: 5th September 2025 Dividend yield will be 11%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (143% earnings payout ratio) nor is it covered by cash flows (129% cash payout ratio). The dividend has increased by an average of 4.3% 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 59% to bring the payout ratio under control, which is more than the 3.7% EPS growth achieved over the last 5 years. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: ฿0.09 (vs ฿0.09 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.09 (in line with 2Q 2024). Revenue: ฿1.69b (down 9.4% from 2Q 2024). Net income: ฿143.7m (up 3.6% from 2Q 2024). Profit margin: 8.5% (up from 7.4% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: ฿0.093 (vs ฿0.087 in 1Q 2024) First quarter 2025 results: EPS: ฿0.093 (up from ฿0.087 in 1Q 2024). Revenue: ฿1.74b (up 3.4% from 1Q 2024). Net income: ฿142.6m (up 7.5% from 1Q 2024). Profit margin: 8.2% (up from 7.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 13% per year. Upcoming Dividend • Apr 11
Upcoming dividend of ฿0.40 per share Eligible shareholders must have bought the stock before 18 April 2025. Payment date: 02 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 12%. Within top quartile of Thai dividend payers (8.1%). Higher than average of industry peers (7.4%). Declared Dividend • Feb 20
Final dividend increased to ฿0.40 Dividend of ฿0.40 is 135% higher than last year. Ex-date: 18th April 2025 Payment date: 2nd May 2025 Dividend yield will be 12%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio) nor is it covered by cash flows (262% cash payout ratio). The dividend has increased by an average of 4.3% 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 64% 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. Tillkännagivande • Feb 18
Advanced Information Technology Public Company Limited Proposes Dividend Payment for the Year 2024, Payable on May 2, 2025 Advanced Information Technology Public Company Limited Board of Directors deems it appropriate to propose to the Annual General Meeting of Shareholders to be held on April 4, 2025 to approve the dividend payment for the year 2024 from the Company's net profit and retained earnings to shareholders at a rate of THB 0.40 per share (Forty Satang). The list of shareholders entitled to receive the dividend (Record Date) will be set on April 21, 2025, with the dividend payment scheduled for May 2, 2025. Reported Earnings • Feb 18
Full year 2024 earnings released: EPS: ฿0.37 (vs ฿0.36 in FY 2023) Full year 2024 results: EPS: ฿0.37 (up from ฿0.36 in FY 2023). Revenue: ฿7.20b (up 10% from FY 2023). Net income: ฿572.5m (up 14% from FY 2023). Profit margin: 8.0% (up from 7.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 18
Advanced Information Technology Public Company Limited, Annual General Meeting, Apr 04, 2025 Advanced Information Technology Public Company Limited, Annual General Meeting, Apr 04, 2025, at 14:00 SE Asia Standard Time. Location: by broadcasting live from the seminar room -, 1st floor, headquarters of advanced information-, technology public company, limited, no.37/2 suthisarnvinijchai rd., samseannok, huaykwang, Thailand Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ฿0.10 (vs ฿0.085 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.10 (up from ฿0.085 in 3Q 2023). Revenue: ฿1.93b (up 15% from 3Q 2023). Net income: ฿151.6m (up 24% from 3Q 2023). Profit margin: 7.9% (up from 7.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 20% per year. Declared Dividend • Aug 10
First half dividend of ฿0.15 announced Dividend of ฿0.15 is the same as last year. Ex-date: 22nd August 2024 Payment date: 6th September 2024 Dividend yield will be 8.2%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 6.7% 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 2024 earnings released: EPS: ฿0.09 (vs ฿0.086 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.09 (up from ฿0.086 in 2Q 2023). Revenue: ฿1.87b (up 10% from 2Q 2023). Net income: ฿138.7m (up 13% from 2Q 2023). Profit margin: 7.4% (up from 7.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% 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. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: ฿0.087 (vs ฿0.073 in 1Q 2023) First quarter 2024 results: EPS: ฿0.087 (up from ฿0.073 in 1Q 2023). Revenue: ฿1.68b (up 33% from 1Q 2023). Net income: ฿132.6m (up 37% from 1Q 2023). Profit margin: 7.9% (up from 7.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Apr 15
Upcoming dividend of ฿0.17 per share Eligible shareholders must have bought the stock before 22 April 2024. Payment date: 09 May 2024. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 6.8%. Within top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (3.5%). Tillkännagivande • Apr 11
Advanced Information Technology Public Company Limited Approves Dividend, Payable on May 9, 2024 Advanced Information Technology Public Company Limited at its AGM held on April 11, 2024, the company approved dividend at the rate of THB 0.17 per share by specifying the record date for the right to receive the dividend by the shareholders on April 23, 2024, and dividend payment is scheduled on May 9, 2024. Declared Dividend • Feb 17
Final dividend of ฿0.17 announced Dividend of ฿0.17 is the same as last year. Ex-date: 22nd April 2024 Payment date: 9th May 2024 Dividend yield will be 8.2%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is covered by cash flows (65% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 8.5% to bring the payout ratio under control, which is more than the 7.4% EPS growth achieved over the last 5 years. Tillkännagivande • Feb 16
Advanced Information Technology Public Company Limited, Annual General Meeting, Apr 11, 2024 Advanced Information Technology Public Company Limited, Annual General Meeting, Apr 11, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider and adopt the minutes of the 2023 Annual General Meeting of Shareholders by Teleconference using Electronic Devices (E-AGM) held on April 11, 2023; to acknowledge the report on the Company's operating results for the year 2023 and Form 56-1 One Report; to consider and approve the Company's financial statements for the year 2023 as of December 31, 2023; and to acknowledge the interim dividend and consider the appropriation of profit and approve the allocation of dividend payment for the year 2023. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: ฿0.36 (vs ฿0.49 in FY 2022) Full year 2023 results: EPS: ฿0.36 (down from ฿0.49 in FY 2022). Revenue: ฿6.52b (down 1.5% from FY 2022). Net income: ฿503.7m (down 7.0% from FY 2022). Profit margin: 7.7% (down from 8.2% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 16
Advanced Information Technology Public Company Limited Announces Extra Dividend, Payable on May 9, 2024 Advanced Information Technology Public Company Limited at the SBM held on February 15, 2024, the board has approved it will make an extra dividend at the rate of THB 0.17 (Seventeen satang) by specifying the date of record for the right of the shareholders to receive the dividend on April 23, 2024, and dividend payment is scheduled on May 9, 2024. Tillkännagivande • Dec 14
Advanced Information Technology Public Company Limited Announces Management Changes The Board of Directors Meeting of Advanced Information Technology Public Company Limited no. 6/2023 held on December 14, 2023 has resolved to approve the appointment of directors as follows: 1. Approved the appointment of Mr.Thongdee Paso as a director (Independent Director) to replace the vacant position of Mr. Suraporn Raktaprachit, having a term of office equal to the remaining term of Mr.Suraporn Raktaprachit. The effective date is on December 15, 2023 onwards. The Company will register the new director with the Department of Business Development, Ministry of Commerce within 14 days from the date of the change. 2. Approved the appointment of Ms. Sureerat Prachayanukul, Senior Executive Vice President Finance Division (CFO), as the Executive Board Committee with the term of three (3) years. The effective date is on December 15, 2023 onwards. The company also Approved the Corporate Governance and Sustainable Development Committee as new sub committee and appoint the member of the mentioned sub-committee as follows: 1. Mr. Thanarak Phongphatar, Chairman of the Corporate Governance and Sustainable Development Committee 2. Mr. Thongdee Paso Corporate Governance and Sustainable Development Committee and Mr. Asawin Kangvolkij, Corporate Governance and Sustainable Development Committee. The Company would like to inform the list of the Board of Directors and Sub- Committee members of the Company as of December 15, 2023 by increasing the number of directors from 13 persons to 14 persons, the names are as follows: Mr. Thana Chaiprasit Chairman of the board, Independent Director. Mr. Pongtep Polanun Deputy Chairman of the board, Independent Director, Chairman of the Audit Committee, Chairman of the Nomination and Remuneration Committee 3. Mr. Siripong Oontornpan Director, Member of the Nomination and Remuneration Committee Chairman of the Executive Board Committee and President 4. Mr. Sripop Sarasas Independent Director, Member of the Audit Committee Member of the Nomination and Remuneration Committee 5. Mr. Thanarak Phongphatar Independent Director, Member of the Audit Committee, Chairman of the Corporate Governance and Sustainable Development Committee 6. Mr. Thongdee Paso Independent Director, Member of the Corporate Governance and Sustainable Development Committee 7. Mr. Kittisak Sopchokchai Director, Member of the Nomination and Remuneration Committee 8. Mrs. Sasinet Baholyodhin Director, Member of the Executive Board Committee 9. Mr. Apichai Nimgirawath Director, Member of the Executive Board Committee 10. Mr. Kamolpat Baholyodhin Director 11. Mr. Nutdanai Raktaprachit Director 12. Ms. Radakarn Meetam Director 13. Mr. Sithidej Mayalarp Director 14. Ms. Kulnada Oranraktham Director. New Risk • Nov 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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: 98% Dividend per share is over 5x cash flows per share. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (10% increase in shares outstanding). Tillkännagivande • Nov 08
Advanced Information Technology Public Company Limited Announces Management Changes Advanced Information Technology Public Company Limited announced at the board meeting held on November 7, 2023, approved the Appointment of three new directors to replace the resigned directors as follows: Ms. Radakarn Meetam will be a Director and Authorized Signatories to replace the vacant position of Ms. Sutida Mongolsuthree, having a term of office equal to the remaining term of Ms. Sutida Mongolsuthree. The effective date is on November 8, 2023 onwards. Mr. Sithidej Mayalarp will be a Director to replace the vacant position of Mr. Jutiphan Mongolsuthree, having a term of office equal to the remaining term of Mr.Jutiphan Mongolsuthree. The effective date is on November 8, 2023 onwards. Ms.Kulnada Oranraktham will be a Director to replace the vacant position of Mr.Chokechai Tanpoonsinthana, having a term of office equal to the remaining term of Mr. Chokechai Tanpoonsinthana. The effective date is on November 8, 2023 onwards and Approved the appointment of Mr. Pongtep Polanun, an independent director to become a Chairman of the Audit Committee and Mr.Thanarak Phongphatar, an independent director to become as a member of the Audit Committee to fulfill the vacant position with the effective date is on November 8, 2023 onward. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.14 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.09 (down from ฿0.14 in 3Q 2022). Revenue: ฿1.70b (down 8.6% from 3Q 2022). Net income: ฿122.1m (down 14% from 3Q 2022). Profit margin: 7.2% (down from 7.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Tillkännagivande • Nov 04
Advanced Information Technology Public Company Limited Announces the Resignation of Pisak Chaludilaka as Director Advanced Information Technology Public Company Limited announced that Mr. Pisak Chaludilaka has resigned from his position as a director due to health problems. The effective date was on November 2, 2023. Tillkännagivande • Oct 31
Advanced Information Technology Public Company Limited Announces Demise of Chokechai Tanpoonsinthana - Chairman of the Audit Committee and Independent Director Advanced Information Technology Public Co. Ltd. announced that Mr. Chokechai Tanpoonsinthana - Chairman of the Audit Committee and Independent Director has passed away since October 29, 2023. The Board of Director is in process of recruiting new eligible directors to replace the vacant director position and will disclose information to the Stock Exchange of Thailand and investors thereafter. Tillkännagivande • Oct 26
Advanced Information Technology Public Company Limited Announces Resignation of Directors Advanced Information Technology Public Co. Ltd. informed the resignation of three directors as follows: Ms. Sutida Mongolsuthree and Mr. Jutiphan Mongolsuthree have resigned from their position as director of the Company due to the additional workload. The effective date was on October 24th, 2023. Mr. Suraporn Raktaprachit has resigned from his position as a director of the Company due to health problems. The effective date was on October 24th, 2023. The Board of Director is in processing to recruit new eligible directors to replace director positions. Upcoming Dividend • Aug 17
Upcoming dividend of ฿0.15 per share at 6.5% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 6.5%. Within top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (2.8%). New Risk • Aug 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 Dividend is not well covered by cash flows (dividend per share is over 15x cash flows per share). Large one-off items impacting financial results. Shareholders have been diluted in the past year (39% increase in shares outstanding). Tillkännagivande • Aug 11
Advanced Information Technology Public Company Declares Interim Dividend for the Period from January 1, 2023 to June 30, 2023, Payable on September 8, 2023 Advanced Information Technology Public Company Limited declared interim dividend of THB 0.15 per share for the Period from January 1, 2023 to June 30, 2023. Payment date is September 8, 2023. Ex-dividend date is August 24, 2023. Record date for the right to receive dividend is August 25, 2023. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.12 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.09. Revenue: ฿1.70b (flat on 2Q 2022). Net income: ฿123.0m (up 1.1% from 2Q 2022). Profit margin: 7.2% (in line with 2Q 2022). Reported Earnings • May 09
First quarter 2023 earnings released: EPS: ฿0.073 (vs ฿0.16 in 1Q 2022) First quarter 2023 results: EPS: ฿0.073 (down from ฿0.16 in 1Q 2022). Revenue: ฿1.30b (up 2.0% from 1Q 2022). Net income: ฿96.8m (down 42% from 1Q 2022). Profit margin: 7.5% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Apr 13
Upcoming dividend of ฿0.17 per share at 5.8% yield Eligible shareholders must have bought the stock before 20 April 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 5.8%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (2.5%). Tillkännagivande • Feb 17
Advanced Information Technology Public Company Limited, Annual General Meeting, Apr 11, 2023 Advanced Information Technology Public Company Limited, Annual General Meeting, Apr 11, 2023, at 15:00 China Standard Time. Location: Seminar room 1st floor, headquarters of Advanced Information Technology Public Company Limited, No.37/2 Suthisarnvinijchai Rd., Samseannok, Huaykwang Bangkok Thailand Agenda: To acknowledge the report on the Company’s operating results for the year 2022 and Form 56-1 One Report; to consider and approve the Company’s financial statements for the year 2022 as of December 31, 2022; to acknowledge the interim dividend and consider the appropriation of profit and dividend payment for the year 2022; to consider and approve the appointment of new directors replacing those retired by rotation; to consider and approve the appointment of new directors; and to consider other matters. Tillkännagivande • Jan 04
Advanced Information Technology Public Company Limited Announces Executive Changes Advanced Information Technology Public Company Limited announced termination of Mr. Asawin Kangvolkij as Senior Executive Vice President - Finance, Effective Date of Termination 31 December 2022, appointment of Miss Sureerat Prachayanukul as Senior Executive Vice President - Finance Division, Effective Date of Appointment 01 January 2023. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 9 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Thanarak Phongphatar was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Sep 12
Now 20% undervalued Over the last 90 days, the stock is up 5.6%. The fair value is estimated to be ฿8.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 38% in a year. Earnings is forecast to grow by 29% in the next year. Buying Opportunity • Aug 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be ฿8.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 38% in a year. Earnings is forecast to grow by 29% in the next year. Upcoming Dividend • Aug 18
Upcoming dividend of ฿0.15 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 6.7%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: ฿0.12 (vs ฿0.13 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.12 (down from ฿0.13 in 2Q 2021). Revenue: ฿1.70b (down 17% from 2Q 2021). Net income: ฿121.6m (down 11% from 2Q 2021). Profit margin: 7.2% (up from 6.7% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 38%, compared to a 45% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
First quarter 2022 earnings released: EPS: ฿0.16 (vs ฿0.12 in 1Q 2021) First quarter 2022 results: EPS: ฿0.16 (up from ฿0.12 in 1Q 2021). Revenue: ฿1.27b (down 30% from 1Q 2021). Net income: ฿166.2m (up 37% from 1Q 2021). Profit margin: 13% (up from 6.7% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 27%, compared to a 21% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to ฿9.20 Up from ฿3.63, the current price target is provided by 1 analyst. New target price is 38% above last closing price of ฿6.65. Stock is up 61% over the past year. The company is forecast to post earnings per share of ฿0.46 for next year compared to ฿0.51 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Thanarak Phongphatar was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 14
Upcoming dividend of ฿0.30 per share Eligible shareholders must have bought the stock before 21 April 2022. Payment date: 09 May 2022. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 19% share price gain to ฿8.00, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 23x in the IT industry in Thailand. Total returns to shareholders of 129% over the past three years. Reported Earnings • Feb 22
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿0.51 (up from ฿0.38 in FY 2020). Revenue: ฿7.03b (up 4.5% from FY 2020). Net income: ฿527.1m (up 34% from FY 2020). Profit margin: 7.5% (up from 5.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. 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 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 21% share price gain to ฿7.00, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 22x in the IT industry in Thailand. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment deteriorated over the past week After last week's 80% share price decline to ฿7.70, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 22x in the IT industry in Thailand. Total loss to shareholders of 52% over the past three years. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS ฿0.57 (vs ฿0.67 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: ฿1.51b (down 33% from 3Q 2020). Net income: ฿117.2m (down 15% from 3Q 2020). Profit margin: 7.8% (up from 6.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 31% per year. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 17% share price gain to ฿49.00, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 24x in the IT industry in Thailand. Total returns to shareholders of 191% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 17% share price gain to ฿37.75, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 18x in the IT industry in Thailand. Total returns to shareholders of 110% over the past three years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 16% share price gain to ฿27.25, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 17x in the IT industry in Thailand. Total returns to shareholders of 44% over the past three years. Upcoming Dividend • Aug 17
Upcoming dividend of ฿0.70 per share Eligible shareholders must have bought the stock before 24 August 2021. Payment date: 09 September 2021. Trailing yield: 7.6%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (3.9%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.66 (vs ฿0.24 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿2.08b (up 75% from 2Q 2020). Net income: ฿136.9m (up 172% from 2Q 2020). Profit margin: 6.6% (up from 4.2% in 2Q 2020). 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 remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Apr 13
Upcoming dividend of ฿1.25 per share Eligible shareholders must have bought the stock before 20 April 2021. Payment date: 06 May 2021. Trailing yield: 6.8%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (4.4%). Is New 90 Day High Low • Mar 05
New 90-day high: ฿20.50 The company is up 15% from its price of ฿17.90 on 04 December 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 9.0% over the same period. Reported Earnings • Feb 13
Full year 2020 earnings released: EPS ฿1.91 (vs ฿1.90 in FY 2019) The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2020 results: Revenue: ฿6.73b (down 4.9% from FY 2019). Net income: ฿394.3m (flat on FY 2019). Profit margin: 5.9% (up from 5.5% 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 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 02
New 90-day high: ฿18.60 The company is up 16% from its price of ฿16.10 on 04 November 2020. The Thai market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: ฿17.50 The company is up 3.0% from its price of ฿17.00 on 25 August 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is flat over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS ฿0.66 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿2.24b (up 25% from 3Q 2019). Net income: ฿137.2m (up 58% from 3Q 2019). Profit margin: 6.1% (up from 4.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 06
New 90-day low: ฿16.40 The company is down 6.0% from its price of ฿17.40 on 08 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 10.0% over the same period.