New Risk • May 19
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ฿29m (US$885k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue is less than US$1m (฿29m revenue, or US$885k). Market cap is less than US$10m (฿130.1m market cap, or US$3.99m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). New Risk • Mar 10
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.4% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$10m (฿140.9m market cap, or US$4.44m). Minor Risk Revenue is less than US$5m (฿36m revenue, or US$1.1m). New Risk • Feb 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$10m (฿146.3m market cap, or US$4.71m). Minor Risks High level of debt (84% net debt to equity). Revenue is less than US$5m (฿71m revenue, or US$2.3m). Duyuru • Feb 26
G Capital Public Company Limited, Annual General Meeting, Apr 27, 2026 G Capital Public Company Limited, Annual General Meeting, Apr 27, 2026, at 14:00 SE Asia Standard Time. New Risk • Sep 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 0.6% per year over the past 5 years. Market cap is less than US$10m (฿233.0m market cap, or US$7.19m). Minor Risks High level of debt (81% net debt to equity). Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (฿72m revenue, or US$2.2m). New Risk • Apr 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (฿162.6m market cap, or US$4.87m). Minor Risks High level of debt (92% net debt to equity). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (฿85m revenue, or US$2.6m). Duyuru • Feb 28
G Capital Public Company Limited, Annual General Meeting, Apr 28, 2025 G Capital Public Company Limited, Annual General Meeting, Apr 28, 2025, at 14:00 SE Asia Standard Time. Location: broadcast live at the office of, g capital public company limited, located on 9/9, @ sathorn building, 19th floor, south sathorn road, yannawa, sathorn, bangkok 10120 Thailand New Risk • Feb 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (฿164.3m market cap, or US$4.88m). Minor Risks High level of debt (103% net debt to equity). Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (฿104m revenue, or US$3.1m). New Risk • Sep 27
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 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Market cap is less than US$10m (฿289.1m market cap, or US$8.92m). Minor Risks High level of debt (118% net debt to equity). Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (฿115m revenue, or US$3.6m). Duyuru • May 03
G Capital Public Company Limited Announces Board Changes G Capital Public Company Limited appointed Yongyuth Tariyo as the Vice Chairman of the Board of Director and Acting Chairman of the Board of Directors, effective from April 29, 2024 onwards at its board meeting held on April 29, 2024. Currently, Mr. Yongyuth Tariyo holds the position of Director, Acting Chairman of the Board of Directors, Vice Chairman of the Board of Directors and Chairman of the Executive Committee. The company is recruiting qualified personnel as directors to replace the deceased director (Mr. Boonsak Jiamperecha The Chairman of the Board of Directors) and the Board of Directors will consider appointing the Chairman of the Board of Directors. Duyuru • Mar 08
G Capital Public Company Limited Announces Demise of Boonsak Chiempricha as Chairman of the Board of Director G Capital Public Company Limited announced that Mr. Boonsak Chiempricha, the Company's Chairman of the Board of Directors passed away on 8 March 2024. The Company will proceed to consider and appoint a qualified and appropriate person to hold the position above in due course and will inform accordingly. Duyuru • Feb 27
G Capital Public Company Limited, Annual General Meeting, Apr 29, 2024 G Capital Public Company Limited, Annual General Meeting, Apr 29, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider and approve the increase in capital; to consider and approve of issuance of debentures; to consider and approve the issuance of convertible debentures; to consider and approve the payment of dividend; and to consider and approve any other matters. Board Change • Jan 08
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. 5 non-independent directors. Independent Director Pitinan Lilamethwat was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Sep 26
G Capital Public Company Limited announced that it expects to receive THB 3 million in funding from ZICO Asset Management Pte. Ltd. G Capital Public Company Limited announced that it has entered into a convertible debentures agreement to issue 3,000 long-term convertible debentures No.4/2023 due 2025 at a price of THB 1,000 per debenture for the gross proceeds of THB 3,000,000 on September 25, 2023. The transaction will include participation from returning investor Advance Opportunities Fund I, a fund managed by ZICO Asset Management Pte. Ltd. The debentures will mature on December 31, 2025 and are convertible into 4,219,409 ordinary shares at the conversion price of THB 0.711 per share which is a convertible price of not less than 90% of the market price, which is calculated from the weighted average price of the company's shares set for the past 7 to 15 business days. Debenture holders will receive the convertible debentures on September 25, 2023 in the amount of 4,219,409 shares and the company’s remaining amount of shares being reserved for the next convertible debentures in the amount of 62,175,510 shares. New Risk • Aug 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 66% per year over the past 5 years. Revenue is less than US$1m (฿9.3m revenue, or US$265k). Minor Risks High level of debt (172% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Market cap is less than US$100m (฿397.5m market cap, or US$11.3m). New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m (฿12m revenue, or US$345k). Market cap is less than US$10m (฿308.3m market cap, or US$8.80m). Minor Risks High level of debt (189% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.4% average weekly change). New Risk • Jun 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿347.3m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m (฿12m revenue, or US$347k). Market cap is less than US$10m (฿347.3m market cap, or US$9.97m). Minor Risks High level of debt (189% net debt to equity). Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Upcoming Dividend • Mar 04
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 11 March 2022. Payment date: 10 May 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (5.2%). In line with average of industry peers (2.3%). Duyuru • Mar 03
G Capital Public Company Limited, Annual General Meeting, Apr 25, 2022 G Capital Public Company Limited, Annual General Meeting, Apr 25, 2022, at 07:30 Coordinated Universal Time. Agenda: To ratify of the minutes of the Extraordinary General Meeting of Shareholders 1/2565 held on 3rd March 2022; to acknowledge the operating results for year 2021; to consider and approve the annual financial statements for the year ended 31st December 2021; to consider and approve the allocation of the 2021 annual profit and dividend payment; to consider and approve the re-appointment of directors who retire by rotation for the year 2022; and to consider other matters. Duyuru • Mar 02
G Capital Public Company Limited Proposes Dividend Payment for the Year 2021, Payable on May 10, 2022 G Capital Public Company Limited at its Board of Directors Meeting No.2/2022 held on 28th February 2022, approved to propose to the Annual General Shareholder's Meeting to consider and approve the appropriate allocation of net profit in year 2021 and approve the dividend payment at the rate of THB 0.10 per share or in total amount of THB 30 million (The company has not pay the interim dividend) The record date for dividends will be 14th March 2022 and the dividend payment date is on May 10, 2022. The right to receive such dividends remain uncertain until it is approved by the Annual General Meeting of Shareholders 2022. Duyuru • Dec 30
Nat Thanatatyankij acquired Sabaijai Money Company Limited from G Capital Public Company Limited (SET:GCAP) for THB 50 million. Nat Thanatatyankij acquired Sabaijai Money Company Limited from G Capital Public Company Limited (SET:GCAP) for THB 50 million on December 28, 2021. G Capital Public Company Limited sold 10 million shares with a par value of 5 baht per share. Board of directors of G Capital Public Company have approved the transaction. As of September 30, 2021, Sabaijai Money Company Limited reported total assets of THB 8.81 million, net income of THB 0.61 million and Total common equity of THB -3.91 million.
Nat Thanatatyankij completed the acquisition of Sabaijai Money Company Limited from G Capital Public Company Limited (SET:GCAP) on December 28, 2021. Executive Departure • Aug 28
Independent Director Wipada Tantiprabha has left the company On the 24th of August, Wipada Tantiprabha's tenure as Independent Director ended after 9.7 years in the role. We don't have any record of a personal shareholding under Wipada's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.67 years. Duyuru • May 15
G Capital Public Company Limited Approves the Dividend Payment, Payable on 25 May 2021 G Capital Public Company Limited announced at its AGM was held on May 14, 2021, the shareholders approved the dividend payment at the rate of THB 0.05 per share. The Record Date for Dividend payment is on 15 March 2021 and scheduling the payment of dividends on 25 May 2021. Executive Departure • May 01
MD, Secretary of the Board of Directors & Executive Director has left the company On the 30th of April, Spain Jingkaojai's tenure in the role of MD, Secretary of the Board of Directors & Executive Director ended. We don't have any record of a personal shareholding under Spain's name. Spain is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Mar 15
New 90-day high: ฿2.52 The company is up 83% from a price of ฿1.38 on 15 December 2020. Outperformed the Thai market which is up 7.0% over the last 90 days. Exceeded the Diversified Financial industry, which is up 43% over the same period. Duyuru • Mar 02
G Capital Public Company Limited, Annual General Meeting, Apr 28, 2021 G Capital Public Company Limited, Annual General Meeting, Apr 28, 2021, at 07:30 Coordinated Universal Time. Location: Ballroom, 1st Floor, the Anantara Siam Bangkok Hotel, No. 155 Rajdamri Road, Lumpini, Pathumwan Bangkok Thailand Agenda: To ratify of the minutes of the annual general meeting of shareholders 2020 held on 4th august 2020; to acknowledge the operating results for year 2020; to consider and approve the annual financial statements for the year ended 31st December 2020; to consider and approve the allocation of the 2020 annual profit and dividend payment; to consider and approve the appointment of directors in replacing those who retired by rotation for the year 2021; to consider and approve the directors' remuneration for the year 2021; to consider and approve the appointment of the company's auditors and the remuneration for the year 2021; and to consider any other matters (if any). Is New 90 Day High Low • Feb 08
New 90-day high: ฿2.50 The company is up 98% from its price of ฿1.26 on 10 November 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 34% over the same period. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 25% share price gain to ฿2.42, the stock is trading at a trailing P/E ratio of 57.1x, up from the previous P/E ratio of 45.8x. This compares to an average P/E of 26x in the Diversified Financial industry in Thailand. Total return to shareholders over the past three years is a loss of 50%. Is New 90 Day High Low • Jan 21
New 90-day high: ฿2.00 The company is up 52% from its price of ฿1.32 on 22 October 2020. The Thai market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 28% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 27% share price gain to ฿1.83, the stock is trading at a trailing P/E ratio of 43.2x, up from the previous P/E ratio of 34x. This compares to an average P/E of 28x in the Diversified Financial industry in Thailand. Total return to shareholders over the past three years is a loss of 65%. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 16% share price gain to ฿1.62, the stock is trading at a trailing P/E ratio of 38.2x, up from the previous P/E ratio of 33x. This compares to an average P/E of 28x in the Diversified Financial industry in Thailand. Total return to shareholders over the past three years is a loss of 70%. Is New 90 Day High Low • Dec 17
New 90-day high: ฿1.60 The company is up 18% from its price of ฿1.36 on 18 September 2020. The Thai market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 15% share price gain to ฿1.60, the stock is trading at a trailing P/E ratio of 37.7x, up from the previous P/E ratio of 32.8x. This compares to an average P/E of 27x in the Diversified Financial industry in Thailand. Total return to shareholders over the past three years is a loss of 72%. Is New 90 Day High Low • Nov 10
New 90-day low: ฿1.26 The company is down 14% from its price of ฿1.47 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is down 5.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day low: ฿1.30 The company is down 19% from its price of ฿1.60 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is down 4.0% over the same period. Duyuru • Oct 13
G Capital Public Company Limited Announces Executive Changes G Capital Public Company Limited announced the resignation of Mrs. Sivapun Sriampai as Senior Vice President Accounting and Finance Department and appointed Mr. Chokchai Prasertchaiyaporn, effective November 1, 2020. 