Thai Beverage Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Thapana Sirivadhanabhakdi

Chief executive officer

฿130.9m

Total compensation

CEO salary percentage	31.0%
CEO tenure	16.8yrs
CEO ownership	n/a
Management average tenure	8.1yrs
Board average tenure	18.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Thapana Sirivadhanabhakdi's remuneration changed compared to Thai Beverage's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	฿27b
Dec 31 2023	n/a	n/a	฿27b
Sep 30 2023	฿131m	฿41m	฿27b

Compensation vs Market: Thapana's total compensation ($USD3.79M) is about average for companies of similar size in the German market ($USD4.83M).

Compensation vs Earnings: Insufficient data to compare Thapana's compensation with company performance.

CEO

Thapana Sirivadhanabhakdi (49 yo)

16.8yrs

Tenure

฿130,859,759

Compensation

Mr. Thapana Sirivadhanabhakdi serves as Non-Executive & Non-Independent Director at Frasers Property Limited since January 01, 2023 and serves as its chairman since August 30, 2023. He is the Non-Executive...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Charoen Sirivadhanabhakdi	Executive Chairman	21.1yrs	฿24.70m	1.2% € 111.0m
Thapana Sirivadhanabhakdi	President	16.8yrs	฿130.86m	no data
Prapakon Thongtheppairot	President & Group COO-International	12.3yrs	no data	0.0010% € 95.9k
Banjong Chintanasiri	Deputy Chief Financial Officer of Accounting	8.1yrs	no data	no data
Kosit Suksingha	Pres. & Grp COO	2.3yrs	no data	0.0019% € 174.2k
Namfon Aungsutornrungsi	Head of Investor Relations Department	10.8yrs	no data	no data
Sitra Horsinchai	Legal Officer	no data	no data	no data
Suporn Denpaisarn	Vice President of Marketing & Non-Alcoholic Beverage Business Group	no data	no data	no data
Sopon Racharaksa	Sr. VP, Chief People Off.	less than a year	no data	no data
Kanoknart Rangsithienchai	2nd Executive Vice Chairman	21.8yrs	no data	no data
Kim Soon Neo	Chief of Brand Investment & Commercial and Executive VP	8.1yrs	no data	no data
Pramote Hassamontr	Senior Vice President - Office of Spirit Production	8.1yrs	no data	no data

8.1yrs

Average Tenure

58.5yo

Average Age

Experienced Management: T6W's management team is seasoned and experienced (8.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Charoen Sirivadhanabhakdi	Executive Chairman	21.1yrs	฿24.70m	1.2% € 111.0m
Thapana Sirivadhanabhakdi	President	21.1yrs	฿130.86m	no data
Chee Ming Chia	Independent Director	4.8yrs	฿2.94m	no data
Panote Sirivadhanabhakdi	Director	17.8yrs	฿1.58m	no data
Vivat Tejapaibul	Director	21.1yrs	฿1.58m	1.4% € 128.9m
Ueychai Tantha-Obhas	Director	19.3yrs	฿38.40m	0.0061% € 563.2k
Sithichai Chaikriangkrai	Director	21.1yrs	฿32.49m	0.0014% € 133.7k
Pisanu Vichiensanth	Director	21.1yrs	฿38.46m	0.0014% € 133.7k
Potjanee Thanavaranit	Lead Independent Director	6.8yrs	฿4.52m	no data
Piyasakol Sakolsatayadorn	Independent Non-Executive Director	3yrs	฿4.98m	no data
Chatri Banchuin	Independent Director	6.8yrs	฿2.94m	no data
Kritika Kongsompong	Independent Director	6.8yrs	฿1.58m	no data

18.5yrs

Average Tenure

74yo

Average Age

Experienced Board: T6W's board of directors are seasoned and experienced ( 18.5 years average tenure).

Thai Beverage Management

Management criteria checks 3/4

Key information

Recent management updates

Thai Beverage Public Company Limited Announces Executive Changes

Thai Beverage Public Company Limited Appoints Sopon Racharaksa as Senior Vice President

Thai Beverage Public Company Limited Announces Cessation of Ueychai Tantha-Obhas as Senior Executive Vice President - Chief Operating Officer - Thailand and to Become Third Vice Chairman of Executive Committee on 27 June 2024

Thai Beverage Public Company Limited Appoints Prapakon Thongtheppairot as President and Group COO - International

Thai Beverage Public Company Limited, Annual General Meeting, Jan 29, 2024

Thai Beverage Public Company Limited, Annual General Meeting, Jul 12, 2023

Recent updates

Thai Beverage Public Company Limited to Report Fiscal Year 2024 Results on Nov 21, 2024

New minor risk - Share price stability

Officer’s Choice Maker Reportedly in Talks to Partner Global Spirits Firms to Prop Up Portfolio

Thai Beverage Public Company Limited to Report Q3, 2024 Results on Aug 08, 2024

Now 21% undervalued after recent price drop

Now 25% undervalued after recent price drop

Thai Beverage Public Company Limited Announces Executive Changes

Now 23% undervalued after recent price drop

Now 20% undervalued after recent price drop

First half dividend of ฿0.15 announced

Now 20% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.29 in 2Q 2023)

Thai Beverage Public Company Limited to Report First Half, 2024 Results on May 13, 2024

New minor risk - Share price stability

Thai Beverage Public Company Limited Appoints Sopon Racharaksa as Senior Vice President

Upcoming dividend of ฿0.45 per share at 4.4% yield

Thai Beverage Public Company Limited Announces Cessation of Ueychai Tantha-Obhas as Senior Executive Vice President - Chief Operating Officer - Thailand and to Become Third Vice Chairman of Executive Committee on 27 June 2024

Thai Beverage Public Company Limited Appoints Prapakon Thongtheppairot as President and Group COO - International

Full year 2023 earnings released: EPS: ฿1.09 (vs ฿1.20 in FY 2022)

Thai Beverage Public Company Limited, Annual General Meeting, Jan 29, 2024

Thai Beverage Public Company Limited to Report Fiscal Year 2023 Results on Nov 22, 2023

Now 22% undervalued

Thai Beverage Public Company Limited (SGX:Y92) completed the acquisition of remaining 20.34% stake in Oishi Group Public Company Limited (SET:OISHI) from a group of shareholders.

New minor risk - Share price stability

Thai Beverage Public Company Limited, Annual General Meeting, Jul 12, 2023

Upcoming dividend of ฿0.15 per share at 4.0% yield

Second quarter 2023 earnings released: EPS: ฿0.29 (vs ฿0.28 in 2Q 2022)

Thai Beverage Public Company Limited to Report First Half, 2023 Results on May 11, 2023

Upcoming dividend of ฿0.45 per share at 3.3% yield

Thai Beverage Public Company Limited Recommends Dividend Payment for the Operating Results of the Year 2022, Payable on February 24, 2023

Full year 2022 earnings released: EPS: ฿1.20 (vs ฿0.98 in FY 2021)

Thai Beverage Public Company Limited Proposes Dividend for the Year 2022

Thai Beverage Public Company Limited to Report Fiscal Year 2022 Results on Nov 25, 2022

Thai Beverage Public Company Limited Announces Cessation of Mr. Jean Lebreton as Senior Vice President, Centre of Excellence

Thai Beverage Public Company Limited Announces Management Appointments

Thai Beverage Public Company Limited to Report Q3, 2022 Results on Aug 11, 2022

Thai Beverage Public Company Limited to Report First Half, 2022 Results on May 13, 2022

Upcoming dividend of ฿0.35 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of ฿0.15 per share

Second quarter 2021 earnings released: EPS ฿0.24 (vs ฿0.20 in 2Q 2020)

Thai Beverage Public Company Limited Approves Interim Dividend, Payable on June 11, 2021

First quarter 2021 earnings released: EPS ฿0.34 (vs ฿0.34 in 1Q 2020)

New 90-day high: €0.52

Thai Beverage Public Company Limited Announces Cessation of Ng Tat Pun as Independent Director and Audit Committee Member

Independent Director has left the company

Independent Director has left the company

Independent Director has left the company

Upcoming Dividend of ฿0.36 Per Share

New 90-day high: €0.48

Thai Beverage Public Company Limited Announces Cessation of Prof. Kanung Luchai, Independent Director and Audit Committee Member

New 90-day high: €0.47

Thai Beverage Public Company Limited Announces the Cessation of Lester Tan Teck Chuan as Senior Vice President, Chief Beer Business ­- Thailand

Full year 2020 earnings released: EPS ฿0.91

Revenue beats expectations

Thai Beverage Public Company Limited, Annual General Meeting, Jan 29, 2021

Thai Beverage Public Company Limited to Report Fiscal Year 2020 Results on Nov 25, 2020

New 90-day high: €0.42

Thai Beverage Public Company Limited Announces Cessation of Kamolnai Chaixanien as Senior Vice President

New 90-day low - €0.36

New 90-day low - €0.38

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Thai Beverage Public Company Limited Announces the Cessation of Lester Tan Teck Chuan as Senior Vice President, Chief Beer Business - Thailand