Ananda Development Management

Management criteria checks 3/4

Ananda Development's CEO is Chanond Ruangkritya, appointed in Jan 2000, has a tenure of 24.92 years. directly owns 43.31% of the company’s shares, worth THB1.03B. The average tenure of the management team and the board of directors is 3.3 years and 14.2 years respectively.

Key information

Chanond Ruangkritya

Chief executive officer

฿360.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	24.9yrs
CEO ownership	43.3%
Management average tenure	3.3yrs
Board average tenure	14.2yrs

Recent management updates

Recent updates

CEO

Chanond Ruangkritya (50 yo)

24.9yrs

Tenure

฿360,000

Compensation

Mr. Chanond Ruangkritya is an Independent Director at SCB 1OX Company Limited since joining in 2020. He has been the Chief Executive Officer of Ananda Development Public Company Limited since 2000 and serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Chanond Ruangkritya	CEO & Authorized Director	24.9yrs	฿360.00k	43.31% THB 1.0b
Tanyalak Nunthanavorasiri	Deputy CEO	13.9yrs	฿360.00k	no data
Patcharavalai Ruangkritya	Executive Director	no data	฿360.00k	4.97% THB 118.0m
Prasert Taedullayasatit	CEO of Property & Executive Director	3.8yrs	฿360.00k	no data
Sermsak Khwanpuang	Executive Director of Investment	1.8yrs	฿360.00k	no data
Limly Thipphongpraphas	Chief Financial Officer	2.7yrs	no data	no data
Jakrit Tejavanija	Chief Investment Officer	2.9yrs	no data	no data
Koson Thitichotrattana	Corporate Accounting Director	2.1yrs	no data	no data
Santhipharp Khamsa-Ard	Chief People Officer	2.9yrs	no data	no data
Anongprapa Malipraman	Head of Internal Audit	3.8yrs	no data	no data
Thamonwan Woraphongjirakarn	Company Secretary	5.3yrs	no data	no data

3.3yrs

Average Tenure

51yo

Average Age

Experienced Management: ANAN's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Chanond Ruangkritya	CEO & Authorized Director	24.5yrs	฿360.00k	43.31% THB 1.0b
Tanyalak Nunthanavorasiri	Deputy CEO	24.5yrs	฿360.00k	no data
Patcharavalai Ruangkritya	Executive Director	17.8yrs	฿360.00k	4.97% THB 118.0m
Prasert Taedullayasatit	CEO of Property & Executive Director	4.4yrs	฿360.00k	no data
Sermsak Khwanpuang	Executive Director of Investment	no data	฿360.00k	no data
Narongchai Akrasanee	Independent Chairman	9.3yrs	฿2.85m	no data
Pisit Serewiwattana	Independent Director	2.3yrs	฿1.98m	no data
Pulsak Tansitthipun	Independent Vice Chairman	14.2yrs	฿1.98m	no data
Wiboon Rasmeepaisarn	Independent Director	14.2yrs	฿1.88m	no data
Sirawit Paneangveat	Non-Executive Director	4.7yrs	฿1.11m	no data

14.2yrs

Average Tenure

61.5yo

Average Age

Experienced Board: ANAN's board of directors are seasoned and experienced ( 14.2 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 14:08
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

Ananda Development Public Company Limited is covered by 12 analysts. 3 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
Therdsak Thaveeteeratham	Asia Plus Securities Company Limited
Tricia Song	Barclays
Kwok Yi Louie	Barclays

Ananda Development Management

Management criteria checks 3/4

Key information

Recent management updates

Ananda Development Public Company Limited, Annual General Meeting, Apr 25, 2024

Ananda Development Public Company Limited Announces Executive Changes

Less than half of directors are independent

Ananda Development Public Company Limited Announces Board Changes

Ananda Development Public Company Limited Announces Resignation of Nopporn Thepsithar as Independent Director, Audit Committee Member, Risk Management Committee Member, Nomination and Remuneration Committee Member, and Good Corporate Governance Committee Member

Less than half of directors are independent

Recent updates

New major risk - Revenue and earnings growth

Second quarter 2024 earnings released: EPS: ฿0.008 (vs ฿0.037 loss in 2Q 2023)

Price target increased by 9.1% to ฿0.72

Forecast to breakeven in 2026

First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.03 loss in 1Q 2023)

Forecast to breakeven in 2026

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Ananda Development Public Company Limited, Annual General Meeting, Apr 25, 2024

Price target decreased by 18% to ฿0.89

Third quarter 2023 earnings released: ฿0.15 loss per share (vs ฿0.026 loss in 3Q 2022)

Second quarter 2023 earnings released: ฿0.037 loss per share (vs ฿0.031 loss in 2Q 2022)

New minor risk - Market cap size

Consensus revenue estimates fall by 10%

Price target decreased by 18% to ฿1.07

New minor risk - Share price stability

New minor risk - Market cap size

First quarter 2023 earnings released: ฿0.03 loss per share (vs ฿0.09 loss in 1Q 2022)

Consensus EPS estimates fall by 47%

Full year 2022 earnings released: ฿0.16 loss per share (vs ฿0.26 loss in FY 2021)

GREEN ZONE DEVELOPMENT LIMITED signed memorandum of understanding to acquire GREEN ZONE DEVELOPMENT LIMITED from Ananda Development Public Company Limited (SET:ANAN) for THB 2.6 billion.

Consensus EPS estimates have been downgraded.

Ananda Development Public Company Limited Announces Executive Changes

Less than half of directors are independent

Price target increased to ฿1.10

Price target increased to ฿1.23

Ananda Development Public Company Limited Announces Board Changes

Second quarter 2022 earnings released: ฿0.029 loss per share (vs ฿0.029 loss in 2Q 2021)

Ananda Development Public Company Limited Announces Resignation of Nopporn Thepsithar as Independent Director, Audit Committee Member, Risk Management Committee Member, Nomination and Remuneration Committee Member, and Good Corporate Governance Committee Member

Price target increased to ฿1.20

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Ananda Development Public Company Limited, Annual General Meeting, Apr 26, 2022

Price target decreased to ฿1.05

Price target decreased to ฿1.08

Third quarter 2021 earnings released: ฿0.11 loss per share (vs ฿0.067 profit in 3Q 2020)

Price target decreased to ฿1.16

Price target decreased to ฿1.09

Second quarter 2021 earnings released: ฿0.029 loss per share (vs ฿0.017 loss in 2Q 2020)

Price target increased to ฿1.45

First quarter 2021 earnings released: ฿0.04 loss per share (vs ฿0.015 profit in 1Q 2020)

Ananda Development Public Company Limited Announces Resignation of Chunnahacha Chaiyuth as Chief Financial Officer

Chief Financial Officer has left the company

Ananda Development Public Company Limited, Annual General Meeting, Apr 28, 2021

Price target raised to ฿1.29

Ananda Development Public Company Limited (SET:ANAN) agreed to acquire an additional 48.99% stake in Ananda MF Asia Ratchathewi Co., Ltd from SEA Investment Five Pte. Ltd. for approximately THB 290 million.

New 90-day high: ฿1.81

BTS Group Holdings Public Company Limited (SET:BTS) acquired 7.5% stake in Ananda Development Public Company Limited (SET:ANAN) from Chanond Ruangkritya for approximately THB 330 million.

New 90-day high: ฿1.57

Third quarter 2020 earnings released: EPS ฿0.06

Revenue beats expectations, earnings disappoint

Ananda Development Public Company Limited Announces Establishment of Subsidiary, Exponential Social Enterprise Co., Ltd.; Announces Directors of the New Subsidiary

New 90-day low: ฿1.34

Ananda Development Public Company Limited(SET:ANAN) dropped from S&P Global BMI Index

New 90-day low - ฿1.43

Price target lowered to ฿1.25

Earnings released

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake