WSOL Management

Management criteria checks 1/4

WSOL's CEO is Ithichai Poolvaraluck, appointed in Jan 2025, has a tenure of 1.33 years. directly owns 14.93% of the company’s shares, worth THB10.89M. The average tenure of the management team and the board of directors is 6.3 years and 1.3 years respectively.

Key information

Ithichai Poolvaraluck

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.3yrs
CEO ownership	14.9%
Management average tenure	6.3yrs
Board average tenure	1.3yrs

Recent management updates

Recent updates

CEO

Ithichai Poolvaraluck (32 yo)

1.3yrs

Tenure

Mr. Ithichai Poolvaraluck is Director of Asphere Innovations Public Company Limited from January 1, 2026. Mr. Poolvaraluck is Director of Nakhonluang Capital Public Company Limited from August 2025. He is...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ithichai Poolvaraluck	CEO & Executive Director	1.3yrs	no data	14.93% THB 10.9m
Wirach Morakotkarn	Chief Commercial & Investment Officer	6.3yrs	no data	0.047% THB 34.2k
Srihanath Lamsam	Executive Director	no data	no data	no data
Thatsawan Bunanan	Chief Operations Officer	9.3yrs	no data	no data
Chalermrat Denprasert	Accounting Manager	4.7yrs	no data	no data
Santithorn Bunchua	Chief Technology & Innovations Officer	11.3yrs	no data	no data
Wachirathorn Kongsuk	Chief Administration Officer	8.3yrs	no data	no data
Akewichian Suthiglad	Head of Investor Relations	no data	no data	no data
Ramida Kittichaikoonkij	Head of Corporate Compliance	no data	no data	no data
Prasith Laokasemsukwong	Chief Business Development & B2B Officer	6.3yrs	no data	no data
Pimsiri Photchanaphanit	Chief Digital Business & Information Technology	6.3yrs	no data	no data
Thanabhat Wongwit	Head of Internal Audit	no data	no data	no data

6.3yrs

Average Tenure

50yo

Average Age

Experienced Management: WSOL's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ithichai Poolvaraluck	CEO & Executive Director	1.6yrs	no data	14.93% THB 10.9m
Srihanath Lamsam	Executive Director	less than a year	no data	no data
Pumipat Sinacharoen	Non-Executive Director	1.6yrs	no data	no data
Pitak Pruittisarikorn	Independent Non-Executive Director	1.6yrs	฿640.00k	0.37% THB 270.3k
Pornchai Rujiprapa	Independent Chairman	1.3yrs	฿260.00k	no data
Jirayut Rungsrithong	Independent Director	1.3yrs	฿410.00k	no data
Voraluck Worachattharn	Independent Director	less than a year	฿132.17k	no data
Krittapas Chuchawat	Director	less than a year	no data	no data

1.3yrs

Average Tenure

55yo

Average Age

Experienced Board: WSOL's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/23 20:39
End of Day Share Price	2026/05/22 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

WSOL Public Company Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Wikij Tirawannarat	Bualuang Securities PCL
Poramet Tongbua	Bualuang Securities PCL
Napon Jaisan	Bualuang Securities PCL

WSOL Management

Management criteria checks 1/4

Key information

Recent management updates

High number of new and inexperienced directors

Sabuy Technology Public Company Limited, Annual General Meeting, Apr 28, 2025

Sabuy Technology Public Company Limited Announces Board and Committee Changes

Sabuy Technology Public Company Limited Announces Resignation of Wilert Orawanwong as Independent Director

Sabuy Technology Public Company Limited Announces Board and Committee Changes

Sabuy Technology Public Company Limited Approves Board Changes

Recent updates

WSOL Public Company Limited to Report Q3, 2025 Results on Nov 14, 2025

Second quarter 2025 earnings released: ฿0.11 loss per share (vs ฿1.75 loss in 2Q 2024)

High number of new and inexperienced directors

First quarter 2025 earnings released: ฿0.56 loss per share (vs ฿1.14 loss in 1Q 2024)

An undisclosed buyer acquired 80% stake in SABUY Money Company Limited from Sabuy Technology Public Company Limited (SET:SABUY).

Full year 2024 earnings released: ฿3.44 loss per share (vs ฿0.11 loss in FY 2023)

Sabuy Technology Public Company Limited, Annual General Meeting, Apr 28, 2025

Sabuy Technology Public Company Limited Announces Board and Committee Changes

New major risk - Shareholder dilution

Sabuy Technology Public Company Limited Announces Resignation of Wilert Orawanwong as Independent Director

Sabuy Technology Public Company Limited Announces Board and Committee Changes

Sabuy Technology Public Company Limited announced that it expects to receive THB 760 million in funding

Second quarter 2024 earnings released: ฿1.75 loss per share (vs ฿0.13 profit in 2Q 2023)

Now 21% undervalued after recent price drop

First quarter 2024 earnings released: ฿1.14 loss per share (vs ฿0.10 profit in 1Q 2023)

Sabuy Technology Public Company Limited Approves Board Changes

Sabuy Technology Public Company Limited Approves Omission of Dividend Payments for the Year 2023

Sabuy Technology Public Company Limited announced that it expects to receive THB 2.99 billion in funding from Lightnet Pte. Ltd.

New minor risk - Market cap size

Sabuy Technology Public Company Limited Proposes Omission of Dividend Payments for the Year 2023

Sabuy Technology Public Company Limited Appoints Khanat Kruthakul as an Independent Director

Sabuy Technology Public Company Limited Announces Chief Executive Officer Changes

SABUY Technology Public Company Limited Announces Board Changes

Full year 2023 earnings released: ฿0.11 loss per share (vs ฿1.07 profit in FY 2022)

SABUY Technology Public Company Limited, Annual General Meeting, Apr 29, 2024

SABUY Technology Public Company Limited (SET:SABUY) announces an Equity Buyback for 95,000,000 shares, representing 5.12% for THB 617.5 million.

Investor sentiment improves as stock rises 17%

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.34 in 3Q 2022)

Investor sentiment deteriorates as stock falls 15%

Investor sentiment improves as stock rises 16%

Sabuy Technology Public Company Limited (SET:SABUY) acquired an unknown stake in Asia Vending Machine Operation Co., Ltd.

Second quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.26 in 2Q 2022)

New minor risk - Dividend sustainability

Investor sentiment deteriorates as stock falls 17%

Investor sentiment improves as stock rises 16%

First quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.071 in 1Q 2022)

Upcoming dividend of ฿0.16 per share at 0.2% yield

Sabuy Technology Public Company Limited (SET:SABUY) announces an Equity Buyback for 87,200,000 shares, representing 5.01% for THB 1,090 million.

Investor sentiment improves as stock rises 36%

Upcoming dividend of ฿0.026 per share at 0.3% yield

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ฿0.34 (vs ฿0.054 in 3Q 2021)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: ฿0.26 (vs ฿0.046 in 2Q 2021)

Consensus forecasts updated

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 27% undervalued

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Third quarter 2021 earnings released: EPS ฿0.054 (vs ฿0.023 in 3Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of ฿0.03 per share

Second quarter 2021 earnings released: EPS ฿0.046 (vs ฿0.023 in 2Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

CEO

Leadership Team

Board Members

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake