Board Change • Jun 05
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Ekkawit Kaewwichian is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Mar 04
AKS Corporation Public Company Limited, Annual General Meeting, Apr 30, 2026 AKS Corporation Public Company Limited, Annual General Meeting, Apr 30, 2026, at 10:00 SE Asia Standard Time. Reported Earnings • Nov 15
Third quarter 2025 earnings released: ฿0.031 loss per share (vs ฿0.14 loss in 3Q 2024) Third quarter 2025 results: ฿0.031 loss per share (improved from ฿0.14 loss in 3Q 2024). Net loss: ฿127.5m (loss narrowed 77% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Board Change • Oct 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Ekkawit Kaewwichian is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 16
Second quarter 2025 earnings released: ฿0.036 loss per share (vs ฿0.009 loss in 2Q 2024) Second quarter 2025 results: ฿0.036 loss per share (further deteriorated from ฿0.009 loss in 2Q 2024). Revenue: ฿48.5m (down 59% from 2Q 2024). Net loss: ฿145.6m (loss widened 292% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. New Risk • Aug 16
New major risk - Negative shareholders equity The company has negative equity. Total equity: -฿80m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (40% average weekly change). Negative equity (-฿80m). Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (฿162.9m market cap, or US$5.02m). Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ฿0 (vs ฿0.012 loss in 1Q 2024) First quarter 2025 results: EPS: ฿0 (improved from ฿0.012 loss in 1Q 2024). Revenue: ฿70.0m (down 44% from 1Q 2024). Net loss: ฿41.9m (loss narrowed 16% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. New Risk • May 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿285.1m (US$8.56m) 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (฿285.1m market cap, or US$8.56m). Duyuru • Mar 14
AKS Corporation Public Company Limited announced that it expects to receive THB 1.2 billion in funding AKS Corporation Public Company Limited announced a private placement issuing Senior Unsecured Convertible Debentures Not exceeding gross proceeds THB 1,200,000,000 divided into 3 tranches on March 12, 2025. Convertible Debentures in Tranche 1,Tranche 2,and Tranche 3 will be issued with a value not exceeding THB 400,000,000 divided into 40 sub-tranches, each sub-tranche THB 10,000,000. Reported Earnings • Mar 04
Full year 2024 earnings released: ฿0.028 loss per share (vs ฿0.003 loss in FY 2023) Full year 2024 results: ฿0.028 loss per share (further deteriorated from ฿0.003 loss in FY 2023). Revenue: ฿470.8m (down 51% from FY 2023). Net loss: ฿2.64b (loss widened ฿2.39b from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. New Risk • Nov 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -฿454m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-฿454m free cash flow). Minor Risk Market cap is less than US$100m (฿936.8m market cap, or US$27.2m). Duyuru • Sep 27
AKS Corporation Public Company Limited Approves Appointment of Prasij Virasilpa as Independent Director and Chairman of Audit Committee, October 1, 2024 AKS Corporation Public Company Limited informed of the resolution of the Board of Directors Meeting No. 14/2024 on September 27, 2024, which resolved to approve the appointment of Mr. Prasij Virasilpa in a position as an Independent Director and Chairman of the Audit Committee. This is effective from October 1, 2024 onwards. Therefore, Mr. Ekawit Kaewwichian in a position as Acting Chairman of the Audit Committee is ending on September 30, 2024. The Audit Committee is consisted of: 1. Chairman of the audit committee Mr. Prasij Virasilpa remaining term of position 1 year 4 months 2. Member of audit committee Mr. Ekawit Kaewwichian remaining term of position 1 year 4 months 3. Member of audit committee Mr. Karan Chawla remaining term of position 1 year 4 months. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0 (vs ฿0.001 loss in 2Q 2023) Second quarter 2024 results: EPS: ฿0 (improved from ฿0.001 loss in 2Q 2023). Revenue: ฿117.3m (up 16% from 2Q 2023). Net loss: ฿37.1m (loss narrowed 56% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Duyuru • Jul 23
AKS Corporation Public Company Limited Announces Board and Committee Changes AKS Corporation Public Company Limited received the resignation letter from Mr. Auychai Kultipmontre to his resignation from the position of the Independent Director, Member of the Nomination and Remuneration Committee and Chairman of the Audit Committee due to health problems and many missions that need to be carried out. The effective date is on July 22, 2024. According to the resolution of the Company's Board of Directors Meeting No.10/2024 held on July 23, 2024, it was resolved to appoint Mr. Ekkawit Kaewwichian to be Acting of the Chairman of the Audit Committee. The effective date is on July 23, 2024. Duyuru • Jun 01
AKS Corporation Public Company Limited Announces CFO Changes, Effective June 1, 2024 AKS Corporation Public Company Limited announced the termination of Pranee Hiranbanthow as CFO, effective June 1, 2024. The company also announced the appointment of Kaewveangchai Sarunrot as Acting Chief Financial Officer, effective June 1, 2024. Duyuru • May 31
AKS Corporation Public Company Limited Announces Executive Changes, Effective June 1, 2024 AKS Corporation Public Company Limited announced the termination of Hiranbanthow Pranee as Chief Accounting Officer, effective June 1, 2024. The company also announced the appointment of Puangnoy Chosita-chor as Chief Accountant, effective, effective June 1, 2024. Reported Earnings • May 17
First quarter 2024 earnings released: ฿0.53 loss per share (vs ฿0.001 loss in 1Q 2023) First quarter 2024 results: ฿0.53 loss per share. Revenue: ฿124.2m (up 29% from 1Q 2023). Net loss: ฿49.8m (loss narrowed 20% from 1Q 2023). Duyuru • May 03
AKS Corporation Public Company Limited Announces Board Changes AKS Corporation Public Company Limited received the resignation letter from Mr. Ekajai Tivutanond to his resignation from the position of independent director and Director of Audit committee, due to there is a mission and No time to perform duties. The effective date is on 1 May 2024. Board of director No.7/2024 held on 3 May 2024 has approve to appoint Mr. Karan Chawla replace director is resigned, term of Director are 1 Years 11 month 27 days. The effective date is on 3 May 2024 onwards. Duyuru • Mar 13
AKS Corporation Public Company Limited Announces Executive Changes, Effective from 14 March 2024 AKS Corporation Public Company Limited received the resignation letter from Mr. Voravut Laithuamthaweekul to his resignation from the position of director and Nomination and Remuneration Committee, due to there is a mission and No time to perform duties. The effective date is on 14 March 2024. Board of director No.3/2024 held on 13 March 2024 has approve to appoint Mr. Sa-nga Tanti-amornphong replace director is resigned, term of Director are 1 Years 2 month. The effective date is on 14 March 2024 onwards. Reported Earnings • Mar 03
Full year 2023 earnings released: ฿0.003 loss per share (vs ฿0.001 profit in FY 2022) Full year 2023 results: ฿0.003 loss per share (down from ฿0.001 profit in FY 2022). Revenue: ฿954.0m (up 57% from FY 2022). Net loss: ฿244.0m (down 290% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Mar 02
AKS Corporation Public Company Limited, Annual General Meeting, Apr 30, 2024 AKS Corporation Public Company Limited, Annual General Meeting, Apr 30, 2024, at 10:00 SE Asia Standard Time. Agenda: To approve report on the operations of Company since January 1, 2023, ended December 31, 2023; to approve the statements of financial position and statements of comprehensive income for the year 2023 ending 31 December 2023, which have been audited by a certified public accountant; to approve the suspension of dividend payment for operating results from 1 January 2023 to 31 December 2023; to approve the appointment of directors; to approve the directors' remuneration; to consider the appointment of auditors and audit fees for the year 2024; and to consider other matters. Duyuru • Mar 01
AKS Corporation Public Company Limited Announces Board Changes AKS Corporation Public Company Limited received the resignation letter from Mr. Prateep Saenghiranwathana to his resignation from the position of independent director and Director of Audit committee, due to there is a mission and No time to perform duties. The effective date is on 1 March 2024. Board of director No.1/2024 held on 29 February 2024 has approve to appoint Mr.Ekkawit Kaewwichian replace director is resigned, term of Director are 2 Years 1 month. The effective date is on 1 March 2024 onwards. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: ฿0 (vs ฿0 in 3Q 2022) Third quarter 2023 results: EPS: ฿0 (in line with 3Q 2022). Revenue: ฿206.1m (up 70% from 3Q 2022). Net loss: ฿461.0k (down 103% from profit in 3Q 2022). 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 21% per year, which means it is significantly lagging earnings. Duyuru • Sep 15
AKS Corporation Public Company Limited announced a financing transaction AKS Corporation Public Company Limited announced a private placement of not more than 9,368,362,724 common shares on September 13, 2023. The transaction has been approved by the shareholders of the company. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (55% average daily change). Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿936.8m market cap, or US$26.4m). Reported Earnings • Aug 17
Second quarter 2023 earnings released: ฿0.001 loss per share (vs ฿0 in 2Q 2022) Second quarter 2023 results: ฿0.001 loss per share (further deteriorated from ฿0 in 2Q 2022). Revenue: ฿101.1m (up 32% from 2Q 2022). Net loss: ฿55.7m (down ฿62.3m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2023 earnings released: ฿0.001 loss per share (vs ฿0.001 profit in 1Q 2022) First quarter 2023 results: ฿0.001 loss per share (down from ฿0.001 profit in 1Q 2022). Revenue: ฿96.0m (down 67% from 1Q 2022). Net loss: ฿61.9m (down 203% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: ฿0.001 (vs ฿0.006 loss in FY 2021) Full year 2022 results: EPS: ฿0.001 (up from ฿0.006 loss in FY 2021). Revenue: ฿607.8m (down 41% from FY 2021). Net income: ฿128.4m (up ฿623.5m from FY 2021). Profit margin: 21% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. Duyuru • Jan 13
AQ Estate Public Co., Ltd. Announces Board Changes AQ Estate Public Co. Ltd. held the Board of Directors Meeting held on January 12, 2023, approved the to appoint Independent director and Chairman of Audit Committee name; Mr.Auychai Kultipmontre, effective January 12, 2023, his duty in Audit Committee will due in April 2024. And to appoint a new director replacing the resigned director named Mr. Khan Prachuabmoh. The Nomination and Remuneration Committee has considered the qualifications and abilities, therefore proposed to the Board of Directors' meeting to consider and approve the appointed independent Director and chairman of the board are effective since January 12, 2023 onwards and has the remaining duty as independent director for 3 months and 20 days. Duyuru • Jan 07
AQ Estate Public Company Limited Announces Board Changes AQ Estate Public Co. Ltd. received the letter from Directors are as follow: Mr. Auychai Kultipmontre, his position are Chairman of Director and director. Due to more mission added making unable to perform duties, therefore he resigned from the position chairman of the board and effective on 6 January 2023. After resigned his position is director of AQ and his terms due date on 30 April 2024. Mr. Supachai Stitvimol, his position are Independent Director and Audit committee. Due to more mission added making unable to perform duties, therefore he resigned from position independent director and Audit Committee, effective on 6 January 2023. Duyuru • Nov 16
AQ Estate Public Company Limited Appoints Prateep Saenghiranwathana as Member of Audit Committee AQ Estate Public Company Limited at its Board of Directors' meeting held on 11 November 2022 has resolved appointment of Mr. Prateep Saenghiranwathana as Member of Audit Committee. The appointment is effective on 11 November 2022. The Audit Committee is consisted of: Chairman of the audit committee: Mr.Ekajai Tivutanond, remaining term of position 1 years 5 months 20 days; Member of audit committee: Mr. Supachai Stitvimol, remaining term of position 1 years 5 months 20 days; and Member of audit committee: Mr. Prateep Saenghiranwathana, remaining term of position 1 years 5 months 20 days. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Prateep Saenghiranwathana was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 12
Aq Estate Public Company Limited Announces Resignation of Mr.Prateep Saenghiranwathana as Director AQ Estate Public Co. Ltd. announced to appoint a new director to replace one resigned director named Mr.Prateep Saenghiranwathana. The Nomination and Remuneration Committee has considered the qualifications and abilities, therefore proposed to the Board of Directors' meeting to consider and approve the appointment, effective from November 11, 2022 in the position of Independent director and Audit Committee. The remaining term of office is 5 months 20 days. Duyuru • Oct 20
AQ Estate Public Company Limited Appoints Ekajai Tivutanond in Position Acting Chairman of the Audit Committee AQ Estate Public Company Limited to appoint Mr. Ekajai Tivutanond in position Acting Chairman of the Audit Committee. The effective date is on 18 October 2022. Board Change • Oct 19
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Ekajai Tivutanond was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Duyuru • Oct 19
AQ Estate Public Company Limited Announces Resignation of A Sachdev as Independent Director AQ Estate Public Company Limited received the resignation letter from Mr. A Sachdev regarding to his resignation from the position of independent director and Chairman of Audit committee, due to personnel reasons. The effective date is on 18 October 2022. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: ฿0 (vs ฿0.004 loss in 2Q 2021) Second quarter 2022 results: EPS: ฿0 (up from ฿0.004 loss in 2Q 2021). Revenue: ฿76.5m (down 29% from 2Q 2021). Net income: ฿6.52m (up ฿328.5m from 2Q 2021). Profit margin: 8.5% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: ฿0.001 (vs ฿0.001 loss in 1Q 2021) First quarter 2022 results: EPS: ฿0.001 (up from ฿0.001 loss in 1Q 2021). Revenue: ฿290.6m (up 96% from 1Q 2021). Net income: ฿59.9m (up ฿130.6m from 1Q 2021). Profit margin: 21% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Duyuru • May 12
AQ Estate Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 200.506237 million. AQ Estate Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 200.506237 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,354,426,537
Price\Range: THB 0.024
Transaction Features: Rights Offering Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ekajai Tivutanond was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: ฿0.006 loss per share (down from ฿0.005 loss in FY 2020). Revenue: ฿1.04b (up 97% from FY 2020). Net loss: ฿495.1m (loss widened 26% from FY 2020). Revenue missed analyst estimates by 29%. Earnings per share (EPS) were also behind analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Duyuru • Mar 01
AQ Estate Public Company Limited to Report Fiscal Year 2021 Results on Feb 28, 2022 AQ Estate Public Company Limited announced that they will report fiscal year 2021 results on Feb 28, 2022 Executive Departure • Aug 19
Independent Director Sittiwate Jewsittiprapai has left the company On the 13th of August, Sittiwate Jewsittiprapai's tenure as Independent Director ended after less than a year in the role. We don't have any record of a personal shareholding under Sittiwate's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 2.96 years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: ฿0.004 loss per share (vs ฿0.002 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿107.5m (up 89% from 2Q 2020). Net loss: ฿322.0m (loss widened 147% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
First quarter 2021 earnings released: ฿0.001 loss per share (vs ฿0.001 loss in 1Q 2020) The company reported a poor first quarter result with increased losses and weaker control over costs, although revenues were flat. First quarter 2021 results: Revenue: ฿148.1m (flat on 1Q 2020). Net loss: ฿70.7m (loss widened 31% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Full year 2020 earnings released: ฿0.005 loss per share (vs ฿0.002 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ฿525.7m (down 18% from FY 2019). Net loss: ฿391.8m (loss widened 110% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Executive Departure • Feb 27
Executive Director has left the company On the 23rd of February, Kulchaya Wathana's tenure as Executive Director ended after 2.4 years in the role. We don't have any record of a personal shareholding under Kulchaya's name. A total of 3 executives have left over the last 12 months. Duyuru • Dec 04
AQ Estate Public Company Limited Approves Directorate Changes AQ Estate Public Company Limited at its board meeting held on December 3, 2020 approved the resignation of Ms. Ranchana Rajatanavin from the position as Executive Director and member of risk management committee which is effective on 30 November 2020 onward. The company also announced the resignation of Mr. Kitnarong Tirakachorn resigned from the position as Independent Director and member of Audit Committee, which is effective on 1 December 2020 onward. The company also announced the appointment of Mr. Chamnarm Wangtal, is the director to replace Ms. Ranchana Rajatanavin, the new director appointed as the Executive Director and member of risk Management Committee. Both are effective on 3 December 2020 onward. Remaining agenda has 2 years 5 months. 2.2 Mr. Sittiwate Jewsittiprapal is the director to replace Mr. Kitnarong Tirakchorn, the new director appointed as Independent Director and member of Audit Committee. Both are effective on 3 December 2020 onward. Remaining agenda has 5 months. Reported Earnings • Nov 15
Third quarter 2020 earnings released: ฿0.001 loss per share The company reported a mediocre third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: ฿206.7m (up 58% from 3Q 2019). Net loss: ฿76.8m (loss widened 68% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 144% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.