Major Development Management

Management criteria checks 3/4

Major Development's CEO is Petrada Poolvoralaks, appointed in Mar 2021, has a tenure of 3.5 years. directly owns 14.23% of the company’s shares, worth THB140.82M. The average tenure of the management team and the board of directors is 4.2 years and 2.3 years respectively.

Key information

Petrada Poolvoralaks

Chief executive officer

฿180.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	3.5yrs
CEO ownership	14.2%
Management average tenure	4.2yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO

Petrada Poolvoralaks (57 yo)

3.5yrs

Tenure

฿180,000

Compensation

Ms. Petrada Poolvoralaks is Vice Chairman of Major Development Public Company Limited from September 27, 2023 and has been its CEO & Executive Director since March 27, 2021. She joined the Major Developmen...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Petrada Poolvoralaks	CEO & Vice Chairman	3.5yrs	฿180.00k	14.23% THB 140.8m
Suriya Poolvoralaks	MD & Vice Chairman	less than a year	฿180.00k	12.64% THB 125.1m
Natha Kittiaksorn	Vice CEO	2.3yrs	฿180.00k	no data
Preecha Piriyapanyaporn	Company Secretary	4.8yrs	no data	no data

4.2yrs

Average Tenure

55yo

Average Age

Experienced Management: MJD's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Petrada Poolvoralaks	CEO & Vice Chairman	25.7yrs	฿180.00k	14.23% THB 140.8m
Suriya Poolvoralaks	MD & Vice Chairman	less than a year	฿180.00k	12.64% THB 125.1m
Natha Kittiaksorn	Vice CEO	2.3yrs	฿180.00k	no data
Prathin Poolvoralaks	Chairman	2.3yrs	฿240.00k	22.78% THB 225.4m
Chanin Roongsang	Independent Director	no data	฿400.00k	no data
Suparanan Tanviruch	Independent Director	5.5yrs	฿360.00k	no data
Ittinant Suwanjutha	Independent Director	2.3yrs	฿340.00k	no data

2.3yrs

Average Tenure

57yo

Average Age

Experienced Board: MJD's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Major Development Management

Management criteria checks 3/4

Key information

Recent management updates

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

Major Development Public Company Limited Appoints Petrada Poolvoralaks and Suriya Poolvoralaks to Act as Vice Chairman of Board

Less than half of directors are independent

Major Development Public Company Limited Announces Changing of CFO

Major Development Public Company Limited Announces Resignation of Chumroen Poolvoralaks as Chairman of the Board of Directors

Less than half of directors are independent

Recent updates

Second quarter 2024 earnings released: ฿0.13 loss per share (vs ฿0.088 loss in 2Q 2023)

Mori Trust Co., Ltd. acquired 49% stake in MM Residences One Co., Ltd. from Major Development Public Company Limited (SET:MJD) for approximately THB 140 million.

First quarter 2024 earnings released: ฿80.00 loss per share (vs ฿0.09 loss in 1Q 2023)

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

Full year 2023 earnings released: ฿0.38 loss per share (vs ฿0.43 loss in FY 2022)

Third quarter 2023 earnings released: ฿0.13 loss per share (vs ฿0.16 loss in 3Q 2022)

Major Development Public Company Limited Appoints Petrada Poolvoralaks and Suriya Poolvoralaks to Act as Vice Chairman of Board

Second quarter 2023 earnings released: ฿0.09 loss per share (vs ฿0.15 loss in 2Q 2022)

First quarter 2023 earnings released: ฿0.09 loss per share (vs ฿0.058 loss in 1Q 2022)

Third quarter 2022 earnings released: ฿0.16 loss per share (vs ฿0.095 loss in 3Q 2021)

Less than half of directors are independent

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Second quarter 2022 earnings released: ฿0.15 loss per share (vs ฿0.15 loss in 2Q 2021)

First quarter 2022 earnings released: ฿0.06 loss per share (vs ฿0.032 loss in 1Q 2021)

Major Development Public Company Limited Announces Changing of CFO

Major Development Public Company Limited Announces Resignation of Chumroen Poolvoralaks as Chairman of the Board of Directors

Less than half of directors are independent

Full year 2021 earnings: EPS misses analyst expectations

Major Development Public Company Limited Announces Resignation of Sanguankiat Lewmanomont as Independent Director and Member of Audit Committee, Effective March 1, 2022

Third quarter 2021 earnings released: ฿0.098 loss per share (vs ฿0.009 loss in 3Q 2020)

Second quarter 2021 earnings released: ฿0.15 loss per share (vs ฿0.093 loss in 2Q 2020)

First quarter 2021 earnings released: ฿0.03 loss per share (vs ฿0.23 profit in 1Q 2020)

CEO & Executive Director Suriyon Poolvoralaks has left the company

Executive VP of Marketing Division & Executive Director has left the company

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS ฿0.23 (vs ฿0.37 in FY 2019)

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

New 90-day high: ฿1.88

New 90-day high: ฿1.55

Third quarter 2020 earnings released: ฿0.009 loss per share

Third quarter 2020 earnings released: ฿0.01 loss per share

New 90-day low - ฿1.57

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age