Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Wilawan Songjaroen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 29
Upcoming dividend of ฿0.035 per share Eligible shareholders must have bought the stock before 06 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (2.6%). Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: ฿0.24 (vs ฿0.21 in FY 2024) Full year 2025 results: EPS: ฿0.24 (up from ฿0.21 in FY 2024). Revenue: ฿2.06b (down 3.6% from FY 2024). Net income: ฿147.1m (up 15% from FY 2024). Profit margin: 7.1% (up from 6.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Mar 01
Dividend reduced to ฿0.035 Dividend of ฿0.035 is 3.3% lower than last year. Ex-date: 5th May 2026 Payment date: 22nd May 2026 Dividend yield will be 1.3%, which is lower than the industry average of 3.8%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 7%. New Risk • Jan 20
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 6.0% 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 Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (฿1.75b market cap, or US$56.3m). Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ฿0.063 (vs ฿0.034 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.063 (up from ฿0.034 in 3Q 2024). Revenue: ฿496.4m (down 3.7% from 3Q 2024). Net income: ฿38.4m (up 84% from 3Q 2024). Profit margin: 7.7% (up from 4.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ฿0.048 (vs ฿0.05 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.048 (down from ฿0.05 in 2Q 2024). Revenue: ฿495.2m (down 2.3% from 2Q 2024). Net income: ฿29.4m (down 3.3% from 2Q 2024). Profit margin: 5.9% (down from 6.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Jul 03
Selic Corp Public Company Limited Announces Chief Accountant Changes, Effective July 1, 2025 Selic Corp. Public Company Limited announced the termination of Miss Rewadee Amornsamanlak as Chief Accountant. Effective Date of Termination is July 1, 2025. Miss Arisa Seangwichit has been appointed as Chief Accountant. Effective Date of Appointment is July 1, 2025. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.057 (vs ฿0.07 in 1Q 2024) First quarter 2025 results: EPS: ฿0.057 (down from ฿0.07 in 1Q 2024). Revenue: ฿555.8m (down 1.0% from 1Q 2024). Net income: ฿34.9m (down 19% from 1Q 2024). Profit margin: 6.3% (down from 7.6% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 30
Upcoming dividend of ฿0.038 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (3.7%). Duyuru • Apr 29
Selic Corp Public Company Limited Approves Cash Dividend for the Year Ended December 31, 2024, Payable on May 23, 2025 Selic Corp. Public Company Limited announced that at its AGM held on April 28, 2025, approved the cash dividend at the rate of THB 0.038 per share, the total amount THB 23,217,026.25 or equivalent to 40.15% of the net profit of the separate financial statements 2024 of the after the deduction of legal reserve which is compliance with the Company's dividend payment policy, which will be paid from the net profit already subject to 20% of corporate income tax. Therefore, individual shareholders shall be entitled to a Dividend Tax Credit under Section 47 bis of the Revenue Code. The Record Date for the shareholders' right to receive the dividend is set for May 8, 2025 and the dividend payment date is scheduled for May 23, 2025. Declared Dividend • Mar 01
Dividend increased to ฿0.038 Dividend of ฿0.038 is 16% higher than last year. Ex-date: 7th May 2025 Payment date: 23rd May 2025 Dividend yield will be 1.3%, which is lower than the industry average of 3.8%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 13%. Duyuru • Feb 28
Selic Corp Public Company Limited, Annual General Meeting, Apr 28, 2025 Selic Corp Public Company Limited, Annual General Meeting, Apr 28, 2025, at 14:00 SE Asia Standard Time. Location: grand ballroom, 7th floor, tongtara riverview, hotel, 9/99, charoen krung road, bang kho leam, bangkok Thailand Duyuru • Jan 06
Selic Corp Public Company Limited Announces Resignation of Anyamanee Thanpongprud as Executive Committee and Commercial Director Selic Corp. Public Company Limited announced that Miss Anyamanee Thanpongprud has resigned from Executive Committee and Commercial Director. The resignation is effective from January 1, 2025 onwards. The Company shall conduct the nomination process and appointment of qualified person as a replacement such vacant position and will inform the Stock Exchange of Thailand accordingly. Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ฿0.034 (vs ฿0.045 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.034 (down from ฿0.045 in 3Q 2023). Revenue: ฿515.5m (up 6.7% from 3Q 2023). Net income: ฿20.9m (down 25% from 3Q 2023). Profit margin: 4.1% (down from 5.7% 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 16% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ฿506.7m (up 11% from 2Q 2023). Net income: ฿30.4m (up 163% from 2Q 2023). Profit margin: 6.0% (up from 2.5% in 2Q 2023). The increase in margin was driven by higher revenue. Duyuru • Jun 06
Selic Corp Public Company Limited Announces Finance Director Changes Selic Corp. Public Company Limited announced the Termination of Munlika Thanataweerat as Finance Director. Effective Date of Termination is June 1, 2024. Miss Rewadee Amornsamanlak appointed as Finance Director. Effective date of appointment is June 1, 2024. New Risk • May 30
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 6.0% 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 High level of debt (48% net debt to equity). Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (฿2.08b market cap, or US$56.6m). Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿0.07 (vs ฿0.012 in 1Q 2023) First quarter 2024 results: EPS: ฿0.07 (up from ฿0.012 in 1Q 2023). Revenue: ฿561.7m (up 24% from 1Q 2023). Net income: ฿42.9m (up 496% from 1Q 2023). Profit margin: 7.6% (up from 1.6% 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 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ฿2.78, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 16x in the Chemicals industry in Thailand. Negligible returns to shareholders over past three years. Duyuru • Apr 27
Selic Corp Public Company Limited Approves Cash Dividend for the Year 2023, Payable on May 24, 2024 Selic Corp. Public Company Limited at its 2024 Annual General Meeting of Shareholders held on April 26, 2024, approved the cash dividend at the rate of THB 0.03273 per share, the total amount not exceeding THB 20,000,000 or equivalent to 64.95% of the net profit of the separate financial statements 2023 which is in accordance with Company's dividend payment policy. All dividends are subject to withholding tax at the rate as required by law. The Record Date for the right to receive the dividend will be on May 8, 2024 and the payment of dividend will be made on May 24, 2024. Duyuru • Mar 01
Selic Corp Public Company Limited, Annual General Meeting, Apr 28, 2024 Selic Corp Public Company Limited, Annual General Meeting, Apr 28, 2024, at 07:00 Coordinated Universal Time. Location: Grand Ballroom, 7th Floor, Tongtara Riverview Hotel, No. 9/99, Charoen Krung Road, Bangkoleam, Bangkok 10120, Bangkok Thailand Agenda: To acknowledge the report on the Company's operating results for the year ending December 31, 2023; to consider and approve the Company's financial statements for the fiscal period ended December 31, 2023; to consider the appointment of the Company's Auditor and to fix the auditing fees for the year 2024; to consider and approve the allocation of net profit as legal reserve and annual dividend payment for the year 2023; to consider and approve the decrease of the Company's registered capital and the amendment of Clause 4 of the Memorandum of Association in accordance with the decrease of the registered capital; and to consider other matters (if any). Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: ฿0.13 (vs ฿0.073 in FY 2022) Full year 2023 results: EPS: ฿0.13 (up from ฿0.073 in FY 2022). Revenue: ฿1.90b (up 17% from FY 2022). Net income: ฿80.1m (up 99% from FY 2022). Profit margin: 4.2% (up from 2.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: ฿0.045 (vs ฿0.024 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.045 (up from ฿0.024 in 3Q 2022). Revenue: ฿483.2m (up 19% from 3Q 2022). Net income: ฿27.7m (up 106% from 3Q 2022). Profit margin: 5.7% (up from 3.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Duyuru • Nov 15
Selic Corp Public Company Limited Announces Board Changes Selic Corp. Public Company Limited announced that board of directors held on November 14, 2023 has passed the resolution to appoint Mrs. Wilawan Songjaroen as Independent Director and Chairman of the CG & SD Committee in replacement of Miss Palawi Bunnag, effective from November 14, 2023 onwards. The new director will have a term of office equal to the remaining term of the resigning director. As present the name of the Board of Directors and the CG & SD Committee are as follows: The Company's Directors comprise of: Mr. Athavudhi Hiranburana Chairman of the Board and Independent Director, Mr. Narong Suwatthanaphim Vice Chairman, Miss Pattanant Petchchedchoo Independent Director, M.L. Thirachet Sonakul Independent Director, Mr. Pornpat Kijareon Independent Director, Mr. Anothai Adulbhan Independent Director, Mrs. Wilawan Songjaroen Independent Director (Newly Appointed), Mr. Ek Suwatthanaphim Director, Mrs. Angeli Suwatthanaphim Director, Miss Natthakarn Thanawadee Director. The Company's CG & SD Committee comprise of: Mrs. Wilawan Songjaroen Chairman of the CG & SD Committee (Newly Appointed), M.L. Thirachet Sonakul Member of the CG & SD Committee, Mr. Ek Suwatthanaphim Member of the CG & SD Committee, Miss Yuwadee Aiamsontisup Member of the CG & SD Committee, Mr. Pornpat Kijareon Member of the CG & SD Committee. Duyuru • Sep 01
Selic Corp Public Company Limited Announces Resignation of Palawi Bunnag as Director and Chairman of the Corporate Governance and Sustainability Committee Selic Corp. Public Company Limited announced that Miss. Palawi Bunnag, Director and Chairman of the Corporate Governance and Sustainability Committee, has tendered her resignation since she will be appointed as director and member of the audit committee of the Company's subsidiary, this would cause conflict of interest, the resignation is effective from August 31, 2023 onwards. The Board of Directors will consider and appoint an appropriate person to replace the vacant position and will inform further. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ฿0.019 (vs ฿0.019 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.019 (in line with 2Q 2022). Revenue: ฿456.2m (up 17% from 2Q 2022). Net income: ฿11.5m (up 14% from 2Q 2022). Profit margin: 2.5% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2023 earnings released: EPS: ฿0.012 (vs ฿0.023 in 1Q 2022) First quarter 2023 results: EPS: ฿0.012 (down from ฿0.023 in 1Q 2022). Revenue: ฿454.7m (up 17% from 1Q 2022). Net income: ฿7.20m (down 39% from 1Q 2022). Profit margin: 1.6% (down from 3.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Duyuru • May 17
Selic Corp Public Company Limited Announce Wattara Arun Resigned from the Position of Company Secretary Effectively from June 1, 2023 Onwards Selic Corp. Public Company Limited announced that Ms. Wattara Arun has resigned from the position of Company Secretary effectively from June 1, 2023 onwards. Upcoming Dividend • May 02
Upcoming dividend of ฿0.022 per share at 0.8% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Thai dividend payers (6.2%). Lower than average of industry peers (3.0%). Duyuru • Dec 15
Selic Corp Public Company Limited Appoints Angeli Suwatthanaphim as Director Selic Corp. Public Company Limited announced the resolution of the company's Board of Directors Meeting held on December 14, 2022 on the appointment of Mrs. Angeli Suwatthanaphim as the Director from December 14, 2022 onwards. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ฿0.025 (vs ฿0.022 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.025 (up from ฿0.022 in 3Q 2021). Revenue: ฿405.7m (up 19% from 3Q 2021). Net income: ฿13.5m (up 21% from 3Q 2021). Profit margin: 3.3% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Non-Executive Director Natthakan Thanawadee was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 19% share price gain to ฿3.46, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 15x in the Chemicals industry in Thailand. Total returns to shareholders of 121% over the past three years. Duyuru • Oct 05
Selic Corp Public Company Limited (SET:SELIC) completed the acquisition of Manufacturing Assets of Ladlumkaew, Thailand Facility of 3M Company (NYSE:MMM). Selic Corp Public Company Limited (SET:SELIC) entered into an agreement to acquire Manufacturing Assets of Ladlumkaew, Thailand Facility of 3M Company (NYSE:MMM) on June 30, 2022. The deal is expected to close in fourth quarter of 2022.
Selic Corp Public Company Limited (SET:SELIC) completed the acquisition of Manufacturing Assets of Ladlumkaew, Thailand Facility of 3M Company (NYSE:MMM) on October 3, 2022. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: ฿0.02 (vs ฿0.061 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.02 (down from ฿0.061 in 2Q 2021). Revenue: ฿390.5m (flat on 2Q 2021). Net income: ฿10.1m (down 65% from 2Q 2021). Profit margin: 2.6% (down from 7.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 16
Selic Corp Public Company Limited Announces Management Changes Selic Corp. Public Company Limited announced the resolution of the Company's Board of Directors Meeting held on August 15, 2022 on the appointment of Miss Wattara Arun as the Company Secretary in replacement of Ms. Yuwadee Aiamsontisup effective from August 15, 2022 onwards. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 26% share price gain to ฿3.12, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 17x in the Chemicals industry in Thailand. Total returns to shareholders of 73% over the past three years. Duyuru • Jun 07
Selic Corp Public Company Limited Announces the Resignation of Angeli Suwatthanaphim from the Position of Director Selic Corp. Public Company Limited announced that Mrs. Angeli Suwatthanaphim has submitted her resignation letter from the position of Director with the effective date on June 1, 2022. The Board of Directors will consider and appoint an appropriate person to replace the vacant position. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: ฿0.026 (vs ฿0.064 in 1Q 2021) First quarter 2022 results: EPS: ฿0.026 (down from ฿0.064 in 1Q 2021). Revenue: ฿388.2m (up 8.1% from 1Q 2021). Net income: ฿11.7m (down 61% from 1Q 2021). Profit margin: 3.0% (down from 8.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. 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. 8 experienced directors. 1 highly experienced director. Director Angeli Suwatthanaphim 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 • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.18 (down from ฿0.21 in FY 2020). Revenue: ฿1.46b (up 16% from FY 2020). Net income: ฿81.5m (down 8.7% from FY 2020). Profit margin: 5.6% (down from 7.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ฿0.024 (vs ฿0.064 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ฿340.6m (up 5.2% from 3Q 2020). Net income: ฿11.1m (down 60% from 3Q 2020). Profit margin: 3.3% (down from 8.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Board Change • Nov 01
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. 8 experienced directors. 1 highly experienced director. Director Angeli Suwatthanaphim was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improved over the past week After last week's 22% share price gain to ฿3.82, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 15x in the Chemicals industry in Thailand. Total returns to shareholders of 113% over the past three years. Board Change • Oct 02
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. 8 experienced directors. 1 highly experienced director. Director Angeli Suwatthanaphim was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Executive Departure • Aug 25
Company Secretary Supaporn Rojana-Amornchai has left the company On the 13th of August, Supaporn Rojana-Amornchai's tenure as Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Supaporn's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.75 years. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS ฿0.067 (vs ฿0.038 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿387.3m (up 37% from 2Q 2020). Net income: ฿29.0m (up 77% from 2Q 2020). Profit margin: 7.5% (up from 5.8% 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 67% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improved over the past week After last week's 28% share price gain to ฿3.80, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 17x in the Chemicals industry in Thailand. Total returns to shareholders of 245% over the past three years. Executive Departure • May 25
Chief Financial Officer has left the company On the 17th of May, Komson Kajorncheeppunngam's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Komson's name. A total of 3 executives have left over the last 12 months. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ฿0.091 (vs ฿0.052 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿360.9m (up 9.5% from 1Q 2020). Net income: ฿30.0m (up 34% from 1Q 2020). Profit margin: 8.3% (up from 6.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 20% share price gain to ฿3.18, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 16x in the Chemicals industry in Thailand. Total returns to shareholders of 181% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ฿2.61, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 20x in the Chemicals industry in Thailand. Total returns to shareholders of 50% over the past three years. Upcoming Dividend • Apr 25
Upcoming dividend of ฿0.062 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 19 May 2021. Trailing yield: 0.5%. Lower than top quartile of Thai dividend payers (4.9%). Lower than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 17% share price gain to ฿2.82, the stock trades at a trailing P/E ratio of 10.4x, up from the previous P/E ratio of 8.9x. Average P/E is 20x in the Chemicals industry in Thailand. Total returns to shareholders over the past three years are 52%. Executive Departure • Mar 05
Chief Financial Officer has left the company On the 1st of March, Sethaporn Sundaravibhata's tenure as Chief Financial Officer ended after 3.3 years in the role. We don't have any record of a personal shareholding under Sethaporn's name. A total of 2 executives have left over the last 12 months. Executive Departure • Mar 05
Company Secretary has left the company On the 25th of February, Prangmanee Atchariyabanjoed's tenure in the role of Company Secretary ended. We don't have any record of a personal shareholding under Prangmanee's name. A total of 2 executives have left over the last 12 months. Duyuru • Mar 02
Selic Corp Public Company Limited, Annual General Meeting, Apr 22, 2021 Selic Corp Public Company Limited, Annual General Meeting, Apr 22, 2021, at 07:00 Coordinated Universal Time. Location: at the Grand Ball Room 7th Floor, Tongtara Riverview Hotel No.9/99, Charoen Krung Road, Bangkoleam, Bangkok 10120 Bangkolaem Thailand Agenda: To certify the Minutes of the 2020 Annual General Meeting of Shareholders; to acknowledge the report on the Company's operating results for the year ending December 31, 2020; to consider and approve the Company's financial statements for the fiscal period ended December 31, 2020; to consider the appointment of the Company's Auditor and to fix the auditing fees for the year 2021; to consider and approve the allocation of profit from the retained earnings of the Company for the year 2020 to pay stock dividends; to consider and approve the decrease of the Company's registered capital; to consider and approve the amendment of Clause No. 4 of the Memorandum of Association in accordance with the decrease of the registered capital; and to consider other matters. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS ฿0.27 (vs ฿0.26 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: ฿1.26b (down 10.0% from FY 2019). Net income: ฿89.3m (up 4.1% from FY 2019). Profit margin: 7.1% (up from 6.1% 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 74% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 01
New 90-day high: ฿2.46 The company is up 17% from its price of ฿2.10 on 01 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: ฿2.24 The company is up 22% from its price of ฿1.83 on 12 November 2020. The Thai market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 34% over the same period. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 19% share price gain to ฿2.18, the stock is trading at a trailing P/E ratio of 9x, up from the previous P/E ratio of 7.6x. This compares to an average P/E of 11x in the Chemicals industry in Thailand. Total returns to shareholders over the past three years were flat. Duyuru • Nov 18
Selic Corp Public Company Limited Approves for Changing the Director Position of Anothai Adulphan from Director (Original Position) to Independent Director (New Position) The Board of Directors of Selic Corp. Public Company Limited held the Board of Directors Meeting on 12 November, 2020 approved for changing the director position of Mr. Anothai Adulphan from Director (Original Position) to Independent Director (New Position). With effective from 12 November 2020 onwards. Is New 90 Day High Low • Nov 18
New 90-day high: ฿2.18 The company is up 13% from its price of ฿1.93 on 20 August 2020. The Thai market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 5.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ฿0.084 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿323.8m (down 12% from 3Q 2019). Net income: ฿27.6m (up 2.1% from 3Q 2019). Profit margin: 8.5% (up from 7.3% 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 70% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.