Singha Estate Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Thitima Rungkwansiriroj

Chief executive officer

฿1.0m

Total compensation

CEO salary percentage	n/a
CEO tenure	3.3yrs
CEO ownership	n/a
Management average tenure	3yrs
Board average tenure	5yrs

Recent management updates

Recent updates

CEO

Thitima Rungkwansiriroj (61 yo)

3.3yrs

Tenure

฿1,040,000

Compensation

Mrs. Thitima Rungkwansiriroj serves as Non-Executive Director of S Hotels and Resorts Public Company Limited since June 26, 2018. She served as Executive Vice President of Group Finance and Accounting at T...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Thitima Rungkwansiriroj	CEO & Director	3.3yrs	฿1.04m	no data
Chairath Sivapornpan	CFO & Company Secretary	3yrs	no data	no data
Kanokwan Sriphian	Vice President of Accounting	no data	no data	0.00023% THB 12.9k
Chanapat Techatantiwong	Senior Vice President of Corporate Marketing	7.3yrs	no data	no data
Nattavuth Mathayomchan	Chief Residential Development Officer	no data	฿170.03k	no data
Khem Kamwongpin	Chief Design & Construction	1.3yrs	no data	no data
Oranee Poolkwan	Chief Commercial & Retail Officer	3yrs	no data	no data
Sathit Seupsuk	Chief Design & Construction Officer	no data	no data	no data
Anthony Franco Caprara	Senior Vice President of Construction Management	no data	no data	no data
Komjohn Leepraphantkul	Managing Director of S.IF. Company Limited	2.9yrs	no data	no data
Dirk L.De Cuyper	Chief Executive Officer of S Hotels & Resorts Public Company Limited	5.3yrs	no data	no data

3.0yrs

Average Tenure

55yo

Average Age

Experienced Management: S's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thitima Rungkwansiriroj	CEO & Director	3.1yrs	฿1.04m	no data
Charamporn Jotikasthira	Independent Director	7.3yrs	฿1.44m	no data
Chayanin Debhakam	Non Executive Director	9.7yrs	฿2.42m	0.058% THB 3.3m
Thanavath Phonvichai	Independent Director	9.1yrs	฿1.03m	no data
Petipong Pungbun Ayudhya	Independent Chairman	7.6yrs	฿1.73m	no data
Nutchdhawattana Silpavittayakul	Non-Executive Director	6.9yrs	฿887.49k	0.0081% THB 453.5k
Chananyarak Phetcharat	Independent Director	less than a year	no data	no data
Don Boonman	Non-Executive Director	2.3yrs	฿1.16m	no data
Prasan Chuaphanich	Independent Director	1.8yrs	฿1.35m	0.00073% THB 41.0k
Voravud Bhirombhakdi	Non-Executive Director	1.3yrs	฿736.67k	24.21% THB 1.4b

5.0yrs

Average Tenure

59yo

Average Age

Experienced Board: S's board of directors are considered experienced (5 years average tenure).

Singha Estate Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

Singha Estate Public Company Limited, Annual General Meeting, Apr 26, 2024

Less than half of directors are independent

Singha Estate Public Company Limited Announces Board Changes

Singha Estate Public Company Limited Announces Appointment of Voravud Bhirombhakdi as Director

Singha Estate Public Company Limited Appoints Petipong Pungbun Na Ayudhya as the Chairman of the Board of Directors

Recent updates

Singha Estate Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on 15 May 2024

Upcoming dividend of ฿0.015 per share

Dividend reduced to ฿0.015

Singha Estate Public Company Limited Proposes Dividend Payment for the Year 2023, Payable on 15 May 2024

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: ฿0.031 (vs ฿0.071 in FY 2022)

High number of new directors

Singha Estate Public Company Limited, Annual General Meeting, Apr 26, 2024

Less than half of directors are independent

Singha Estate Public Company Limited Announces Board Changes

Third quarter 2023 earnings released: ฿0.014 loss per share (vs ฿0.006 profit in 3Q 2022)

New major risk - Revenue and earnings growth

Consensus EPS estimates fall by 60%

Second quarter 2023 earnings released: ฿0.015 loss per share (vs ฿0.015 profit in 2Q 2022)

Investor sentiment deteriorates as stock falls 17%

Price target decreased by 20% to ฿1.60

First quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0.007 loss in 1Q 2022)

Upcoming dividend of ฿0.02 per share

Singha Estate Public Company Limited Announces Appointment of Voravud Bhirombhakdi as Director

Consensus revenue estimates increase by 48%

Third quarter 2022 earnings released: EPS: ฿0.006 (vs ฿0.031 loss in 3Q 2021)

Singha Estate Public Company Limited Appoints Petipong Pungbun Na Ayudhya as the Chairman of the Board of Directors

Singha Estate Public Company Limited Announces Demise of Mr. Chutinant Bhirombhakdi, Chairman of the Board of Directors

Second quarter 2022 earnings released: EPS: ฿0.015 (vs ฿0.031 loss in 2Q 2021)

Singha Estate Public Company Limited Announces Appointment of Prasan Chuaphanich as the Independent Director and Chairman of the Audit Committee

Less than half of directors are independent

Singha Estate Public Company Limited Announces Resignation of Napaporn Landy as Independent Director and the Chairperson of the Audit Committee

Singha Estate Public Company Limited Announces Resignation of Napaporn Landy as Independent Director and the Chairperson of the Audit Committee, Effective May 31, 2022

First quarter 2022 earnings released: ฿0.007 loss per share (vs ฿0.027 profit in 1Q 2021)

Full year 2021 earnings: EPS misses analyst expectations

Singha Estate Public Company Limited Announces Board Changes

Insufficient new directors

Third quarter 2021 earnings released: ฿0.031 loss per share (vs ฿0.038 loss in 3Q 2020)

Singha Estate Public Company Limited (SET:S) completed the acquisition of Park Industry Company Limited from Boon Rawd Brewery Co., Ltd., Santi Bhirombhakdi, Chutinant Bhirombhakdi and Chayanin Debhakam.

Second quarter 2021 earnings released: ฿0.031 loss per share (vs ฿0.091 loss in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.027 (vs ฿0.044 in 1Q 2020)

Price target raised to ฿1.77

New 90-day high: ฿1.96

Singha Estate Public Company Limited (SET:S) agreed to acquire a 30% stake in Angthong Power Company Limited from Whitefords United Pte. Ltd. for approximately THB 560 million.

Full year 2020 earnings released: ฿0.38 loss per share (vs ฿0.17 profit in FY 2019)

Earnings beat expectations, revenue disappoints

Singha Estate Public Company Limited Announces CEO Changes, Effective February 10, 2021

New 90-day high: ฿1.74

Analysts update estimates

New 90-day high: ฿1.57

Third quarter 2020 earnings released: ฿0.038 loss per share

New 90-day low: ฿1.25

New 90-day low: ฿1.33

Price target lowered to ฿1.43

New 90-day low - ฿1.46

Earnings released

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

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