MFC Asset Management Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Thanachote Rungsitivat

Chief executive officer

฿771.3k

Total compensation

CEO salary percentage	n/a
CEO tenure	3.8yrs
CEO ownership	n/a
Management average tenure	5.8yrs
Board average tenure	less than a year

Recent management updates

Recent updates

CEO

Thanachote Rungsitivat (36 yo)

3.8yrs

Tenure

฿771,315

Compensation

Mr. Thanachote Rungsitivat served as Executive Director at Pi Securities PCL. He serves as President of MFC Asset Management Public Company Limited since February 23, 2021 and has been its Director since M...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Thanachote Rungsitivat	President & Executive Director	3.8yrs	฿771.32k	no data
Thanavath Phonvichai	Executive Director	no data	฿836.18k	no data
Anupong Chanchiredrasmee	Executive Vice President of Corporate Accounting & Finance Department	5.8yrs	no data	no data
Nives Punkawong	First Executive VP & COO	2.3yrs	no data	no data
Sasiwimol Singha-Ngoen	Senior VP of the Legal Service Department & Company Secretary	no data	no data	no data
Pannarat Bhanpato	First Executive Vice President of Fund Management Division	20.1yrs	no data	no data
Krisada Chatbunyong	Executive VP of the Internal & IT Audit Department and Head of Internal Audit	no data	no data	no data
Chareonchai Lengsiriwat	Executive Vice President of Risk Management Department	12.8yrs	no data	no data
Kittikhom Suthiwong	First Executive Vice President of Institutional Sales Department	13.5yrs	no data	no data
Chakrit Puechpan	First Executive Vice President of Fund Management Division	7.1yrs	no data	no data
Prasit Pornpatimakorn	First Executive Vice President of Provident Fund Department	5.3yrs	no data	no data
Narisara Amatayakul	Executive Vice President of Investment Planner Department	5.8yrs	no data	no data

5.8yrs

Average Tenure

58yo

Average Age

Experienced Management: MFC's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thanachote Rungsitivat	President & Executive Director	3.7yrs	฿771.32k	no data
Thanavath Phonvichai	Executive Director	2.4yrs	฿836.18k	no data
Isara Pudtalsri	Authorized & Executive Director	less than a year	no data	no data
Narongchai Akrasanee	Independent Chairman	9.2yrs	฿1.10m	no data
Paroche Hutachareon	Non-Executive Director	less than a year	no data	no data
Paphakorn Ratanasate	Director	1.9yrs	฿584.03k	no data
Chumpol Rimsakorn	Independent Director	2.8yrs	฿754.29k	no data
Polchak Nimwatana	Director	less than a year	no data	no data
Wirachai Amornrotkonsuwet	Director	less than a year	no data	no data
Sukrit Surabotsopon	Independent Vice Chairman	less than a year	no data	no data
Somboon Kitiyansub	Independent Director	less than a year	no data	no data
Natthakorn Athithanavanich	Authorized Director	less than a year	no data	no data

0.7yrs

Average Tenure

59yo

Average Age

Experienced Board: MFC's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.

MFC Asset Management Management

Management criteria checks 2/4

Key information

Recent management updates

MFC Asset Management Public Company Limited Announces Resignation of Veerachai Amorntakolsuwech as Director

MFC Asset Management Public Company Limited Announces Executive and Committee Changes

MFC Asset Management Public Company Limited Appoints Veerachai Amorntakolsuwech as Director

MFC Asset Management Public Company Limited Announces Resignation of Boonrak Udomittipong as Director

MFC Asset Management Public Company Limited Approves Election of Paroche Hutachareon as Non-Executive Director

MFC Asset Management Public Company Limited, Annual General Meeting, Apr 18, 2024

Recent updates

New major risk - Earnings quality

Third quarter 2024 earnings released: EPS: ฿0.51 (vs ฿0.39 in 3Q 2023)

Investor sentiment deteriorates as stock falls 15%

New minor risk - Share price stability

MFC Asset Management Public Company Limited Announces Resignation of Veerachai Amorntakolsuwech as Director

Investor sentiment improves as stock rises 27%

Opus - Chartered Issuances S.A. completed the acquisition of 24.96% stake in MFC Asset Management Public Company Limited (SET:MFC) from Country Group Holdings Public Company Limited (SET:CGH).

MFC Asset Management Public Company Limited Announces Executive and Committee Changes

Second quarter 2024 earnings released

Sarinda Chowiwatana acquired Four Immovable property of Multi-National Residence Fund from MFC Asset Management Public Company Limited (SET:MFC) for THB 19.9 million.

MFC Asset Management Public Company Limited Appoints Veerachai Amorntakolsuwech as Director

First quarter 2024 earnings released: EPS: ฿0.39 (vs ฿0.45 in 1Q 2023)

MFC Asset Management Public Company Limited Announces Resignation of Boonrak Udomittipong as Director

Upcoming dividend of ฿1.30 per share

MFC Asset Management Public Company Limited Approves Election of Paroche Hutachareon as Non-Executive Director

Full year 2023 earnings released: EPS: ฿1,505 (vs ฿1.76 in FY 2022)

MFC Asset Management Public Company Limited, Annual General Meeting, Apr 18, 2024

MFC Asset Management Public Company Limited Appoints Polchak Nimwatana as Director

MFC Asset Management Public Company Limited Announces Resignation of Wutipong Jittungsakul as Director

MFC Asset Management Public Company Limited Appoints Boonrak Udomittipong as Director

Third quarter 2023 earnings released: EPS: ฿0.39 (vs ฿0.35 in 3Q 2022)

MFC Asset Management Public Company Limited Appoint Mrs. Boonrak Udomittipong as A Director

MFC Asset Management Public Company Limited Announces Resignation of Wutipong Piromyaporn as Director

Second quarter 2023 earnings released: EPS: ฿0.38 (vs ฿0.57 in 2Q 2022)

Mfc Asset Management Public Company Limited Announces Appointment of Wuttipong Jittungsakul as Director

First quarter 2023 earnings released: EPS: ฿0.45 (vs ฿0.53 in 1Q 2022)

Upcoming dividend of ฿1.50 per share at 9.0% yield

Bangchak Corporation Public Company Limited (SET:BCP) made an offer to acquire 34.01% stake in Esso (Thailand) Public Company Limited (SET:ESSO).

Third quarter 2022 earnings released: EPS: ฿0.35 (vs ฿0.54 in 3Q 2021)

Less than half of directors are independent

Second quarter 2022 earnings released: EPS: ฿0.57 (vs ฿0.73 in 2Q 2021)

MFC Asset Management Public Company Limited Announces Directorate Appointments

MFC Asset Management Public Company Limited Announces Dividend for the Period 1 January 2022 to 31 March 2022 Payable on 23 June 2022

MFC Asset Management Public Company Limited Announces Dividend for the Period 1 January 2022 to 31 March 2022 Payable on 23 June 2022

First quarter 2022 earnings released: EPS: ฿0.53 (vs ฿0.73 in 1Q 2021)

Less than half of directors are independent

MFC Asset Management Public Company Limited Proposes Dividend for the Year 2021, Payable on May 19, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

MFC Asset Management Public Company Limited Announces Resignation of Mongkon Leelatham with Effect from February 10, 2022

Third quarter 2021 earnings released

Second quarter 2021 earnings released: EPS ฿0.73 (vs ฿0.24 in 2Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS ฿0.73 (vs ฿0.26 in 1Q 2020)

Upcoming dividend of ฿1.10 per share

Full year 2020 earnings released: EPS ฿1.18 (vs ฿1.04 in FY 2019)

MFC Asset Management Public Company Limited, Annual General Meeting, Apr 22, 2021

New 90-day high: ฿15.10

MFC Asset Management Public Company Limited Appoints Thanachote Rungsitivat as President

New 90-day high: ฿14.70

New 90-day high: ฿14.40

New 90-day high: ฿14.20

Third quarter 2020 earnings released: EPS ฿0.30

New 90-day high: ฿13.90

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age