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THRE.BK — SET (Bangkok) Reinsurance

Thai Reinsurance PCL

$0,34
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EV / Rev
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Div yield
0,00 %
Op margin
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ROE
-0,1 %
Net margin
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Debt / equity
0,00
Beta
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52w range
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About

Thai Reinsurance PCL provides reinsurance services, primarily underwriting risks for insurance companies in Thailand and the broader Southeast Asian region.

Business. Thai Reinsurance PCL (THRE.BK) is a reinsurance company headquartered in Thailand that operates within the Financials sector. The firm generates revenue through a premium-income model, providing reinsurance services to other insurance entities. It is primarily listed on the Stock Exchange of Thailand (SET). Specific details regarding operating segments or geographic revenue mix are not available.

Classification92 %
SectorFinancials
Business sectorInsurance
IndustryReinsurance
Generated · model-assisted
Sell-side consensus
BUY1 analysts
1 buy0 hold0 sell
Avg 12m price target0,48

Analyst recommendations

1 analysts · consensus Buy
Buy1
Hold0
Sell0
12-month price target
0,48
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Buy
1 analysts · indicative
Ownership
—
not yet wired
Profitability→
-0,1 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning THRE.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to THRE.BK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Thai Reinsurance PCL (THRE.BK) is a reinsurance company headquartered in Thailand that operates within the Financials sector. The firm generates revenue through a premium-income model, providing reinsurance services to other insurance entities. It is primarily listed on the Stock Exchange of Thailand (SET). Specific details regarding operating segments or geographic revenue mix are not available.

    Classification92 %
    SectorFinancials
    Business sectorInsurance
    IndustryReinsurance
    AI synthesis
    GENERATED

    Thai Reinsurance PCL maintains a strong liquidity position, with THB 4.6 billion in cash and equivalents, representing 6.8% of total assets. The company has no long-term debt, and its debt-to-equity ratio is 0.0, indicating a conservative capital structure with no leverage. Free cash flow of THB 36 million in the latest period suggests limited cash generation, but the company's liquidity remains robust given its asset base.

    Profitability metrics are weak, with a negative return on equity of -0.07% and a return on assets of -0.04%. These figures fall below the typical expectations for a reinsurance company, which usually maintains positive returns due to the nature of underwriting and investment income. The company reported a net loss of THB 2.74 million, despite operating income of THB 26.58 million, indicating potential underwriting or investment challenges.

    The company's revenue is concentrated in its core reinsurance operations, with no disclosed segment breakdown. Geographic exposure is primarily within Thailand and Southeast Asia, though specific regional revenue contributions are not provided in the available data. The lack of segmental or geographic detail limits visibility into diversification or concentration risks.

    Outlook for the current fiscal year is neutral, with no significant revenue growth or contraction expected. Analysts have issued a single "buy" recommendation, with a mean price target of THB 0.48, unchanged from the median and high/low targets. This suggests limited upside potential in the near term, with no consensus for aggressive growth or decline.

    Risk factors are minimal, with low liquidity and dilution risk identified. No immediate filing-based flags were detected, and the company has not issued new shares or announced dilutive actions in the latest period. The absence of long-term debt and the high cash balance further reduce financial risk exposure.

    Recent filings and transcripts do not include material events or strategic shifts. The company appears to be operating within a stable but low-growth environment, with no significant changes in underwriting strategy or investment approach disclosed in the latest available data.

    Key takeaways
    • Thai Reinsurance PCL has a conservative capital structure with no long-term debt and a strong cash position.
    • The company reported a net loss despite positive operating income, indicating underwriting or investment challenges.
    • Analysts have issued a single "buy" recommendation with no consensus for significant upside.
    • The company's risk profile is low, with no immediate liquidity or dilution concerns.
    • Revenue concentration and geographic exposure remain opaque due to limited segmental reporting.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $0,34
    Market cap
    —
    Enterprise valueⓘ
    —
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    —
    P / Bⓘ
    —
    P / Tangible bookⓘ
    —
    Tangible book
    $3.73B
    Net cashⓘ
    $446.0M
    Current ratioⓘ
    —
    Debt / equityⓘ
    0.0
    ROAⓘ
    -0.0%
    ROEⓘ
    -0.1%
    Cash conversionⓘ
    -5833.0%
    CapEx / revenueⓘ
    —
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,06
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    1
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-05-15 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate0,06
    Revenue—no estimate—no estimate—no estimate
    Operating income—no estimate—no estimate—no estimate
    Full-year consensus mean (period as reported by source) · consensus in THB. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy0
    Buy1
    Hold0
    Sell0
    Strong sell0
    12-month price target$0,48 · Median $0,48
    Low $0,48High $0,48
    EPS surprise
    −101,6 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$0,48
    Mean$0,48
    Median$0,48
    High$0,48
    Spot$0,34
    +41.2 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    ROE-0,1 %Bottom quartile
    D/E0,00Above median
    Cash Conv-58,33Bottom quartile

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Return On Assets
      net_income / total_assets
    Source documents
    • Thai Reinsurance PCL Market data — financials · 2026-05-29
    • Thai Reinsurance PCL Market data — analyst estimates · 2026-05-29

    Ownership & reference

    Leadership

    • O-ran WongsuraphichetChief Executive Officer, Executive Director

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    THRE.BKCanonical
    SET (Bangkok) · USD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage