Italian-Thai Development Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Premchai Karnasuta

Chief executive officer

฿145.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	30.2yrs
CEO ownership	15.3%
Management average tenure	9.6yrs
Board average tenure	16.2yrs

Recent management updates

Recent updates

CEO

Premchai Karnasuta (69 yo)

30.2yrs

Tenure

฿145,000

Compensation

Mr. Premchai Karnasuta, MBA has been the President of Italian-Thai Development Public Company Limited since 1983 and had been its Managing Director since 1986. Mr. Karnasuta has been the President of Asia...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Pathai Chakornbundit	Senior EVP	21.2yrs	฿760.00k	0.0013% THB 50.9k
Premchai Karnasuta	President	no data	฿145.00k	15.3% THB 589.8m
Thoranis Karnasuta	Executive VP	no data	฿590.00k	0.53% THB 20.6m
Nijaporn Charanachitta	Senior EVP	no data	฿580.00k	7.51% THB 289.5m
Peeti Karnasuta	Executive VP	10.1yrs	฿590.00k	0.019% THB 730.4k
Virat Kongmaneerat	Executive VP	no data	฿580.00k	0.0095% THB 365.0k
Waraporn Tiptipakorn	Senior VP & CFO	less than a year	no data	no data
Tawatchai Suthiprapha	Senior EVP & Member of Management Board	no data	฿390.90k	no data
Sompop Pinijchai	Executive VP & Member of Management Board	9.2yrs	no data	0.0022% THB 84.8k
Woravudh Hiranyapaisansakul	Executive VP of Cost Control	15.9yrs	no data	no data
Prasart Kosarussawadee	Executive VP of Engineering	no data	no data	0.000090% THB 3.5k
Piyachai Karnasuta	Executive VP & Member of Management Board	no data	no data	0.44% THB 17.0m

9.6yrs

Average Tenure

69yo

Average Age

Experienced Management: ITD's management team is seasoned and experienced (9.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Pathai Chakornbundit	Senior EVP	21.2yrs	฿760.00k	0.0013% THB 50.9k
Premchai Karnasuta	President	30.2yrs	฿145.00k	15.3% THB 589.8m
Thoranis Karnasuta	Executive VP	10.1yrs	฿590.00k	0.53% THB 20.6m
Nijaporn Charanachitta	Senior EVP	30.2yrs	฿580.00k	7.51% THB 289.5m
Peeti Karnasuta	Executive VP	16.2yrs	฿590.00k	0.019% THB 730.4k
Virat Kongmaneerat	Executive VP	2.4yrs	฿580.00k	0.0095% THB 365.0k
William Zentgraf	Independent Non-Executive Director	19.2yrs	฿895.00k	no data
Pinyo Meechumna	Independent Director	3.1yrs	฿980.00k	no data
Sai Wah Suen	Independent Director	5.9yrs	฿895.00k	no data

16.2yrs

Average Tenure

69yo

Average Age

Experienced Board: ITD's board of directors are seasoned and experienced ( 16.2 years average tenure).

Italian-Thai Development Management

Management criteria checks 4/4

Key information

Recent management updates

Less than half of directors are independent

Italian-Thai Development Public Company Limited, Annual General Meeting, Apr 30, 2024

Italian-Thai Development Public Company Limited Announces Executive Changes

Italian-Thai Development Public Company Limited Announces Executive Changes

Less than half of directors are independent

Less than half of directors are independent

Recent updates

New major risk - Revenue and earnings growth

New minor risk - Market cap size

Price target decreased by 54% to ฿0.65

Less than half of directors are independent

Italian-Thai Development Public Company Limited, Annual General Meeting, Apr 30, 2024

Italian-Thai Development Public Company Limited Announces Executive Changes

Italian-Thai Development Public Company Limited Announces Executive Changes

New minor risk - Share price stability

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: ฿0.008 loss per share (vs ฿0.30 loss in 3Q 2022)

Second quarter 2023 earnings released: EPS: ฿0.022 (vs ฿0.16 loss in 2Q 2022)

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

First quarter 2023 earnings released: EPS: ฿0.059 (vs ฿0.14 loss in 1Q 2022)

Third quarter 2022 earnings released: ฿0.30 loss per share (vs ฿0.24 loss in 3Q 2021)

Price target increased to ฿1.85

Less than half of directors are independent

Second quarter 2022 earnings released: ฿0.16 loss per share (vs ฿0.032 profit in 2Q 2021)

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Less than half of directors are independent

Italian-Thai Development Public Company Limited, Annual General Meeting, Apr 18, 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased to ฿1.50

Third quarter 2021 earnings released: ฿0.24 loss per share (vs ฿0.092 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.032 (vs ฿0.03 loss in 2Q 2020)

Charoong Thai Wire and Cable Public Company Limited (SET:CTW) agreed to acquire remaining 10% stake in Siam Fiber Optics Co., Ltd. from Italian-Thai Development Public Company Limited (SET:ITD) for THB 7.5 million.

First quarter 2021 earnings released: EPS ฿0.05 (vs ฿0.063 loss in 1Q 2020)

Independent Chairman Krisorn Jittorntrum has left the company

Italian-Thai Development Public Company Limited, Annual General Meeting, Apr 29, 2021

Revenue beats expectations, earnings disappoint

Full year 2020 earnings released: ฿0.21 loss per share (vs ฿0.007 loss in FY 2019)

Price target raised to ฿1.01

Analysts lower revenue estimates to ฿47.1b

New 90-day high: ฿1.07

Italian-Thai Development Public Company Limited Signs Contract with the Naval Public Works Department to Proceed with the Construction Project

Third quarter 2020 earnings released: ฿0.092 loss per share

New 90-day low: ฿0.90

Italian-Thai Development Public Company Limited Signs Contract with the Government of the Republic of the Philippines Through the Department of Transportation

New 90-day low: ฿0.98

Thai Development Public Company Limited and LS Electric Co., Ltd. Sign Contract with State Railway of Thailand

Italian-Thai Development Public Company Limited(SET:ITD) dropped from S&P Global BMI Index

New 90-day low - ฿1.02

First half earnings released

New 90-day low - ฿1.04

First quarter earnings released

New 90-day low - ฿1.12

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age