Triple i Logistics Management

Management criteria checks 2/4

Triple i Logistics' CEO is Tipp Dalal, appointed in Mar 2017, has a tenure of 7.17 years. directly owns 13.33% of the company’s shares, worth THB886.85M. The average tenure of the management team and the board of directors is 7.3 years and 7.5 years respectively.

Key information

Tipp Dalal

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	7.2yrs
CEO ownership	13.3%
Management average tenure	7.3yrs
Board average tenure	7.5yrs

Recent management updates

Recent updates

CEO

Tipp Dalal (56 yo)

7.2yrs

Tenure

Mr. Tipp Dalal co-founded Triple i Logistics Public Company Limited in 1991 and serves as its Chief Executive Officer since March 15, 2017. Mr. Dalal has been a Director of Triple i Logistics Public Compan...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tipp Dalal	CEO & Director	7.2yrs	no data	13.33% THB 886.8m
Viraj Nobnomtham	CFO & Director	7.3yrs	no data	10.62% THB 706.4m
Thanut Thatayanon	Executive Director	no data	no data	1.6% THB 106.5m
Jirod Panacharas	Executive Director	no data	no data	3.44% THB 229.1m
Chalermsak Karnchanawarin	Executive Director	no data	no data	3.71% THB 246.8m
Darunee Rakpongpiboon	Company Secretary & Director	7.5yrs	no data	1.02% THB 67.9m

7.3yrs

Average Tenure

52.5yo

Average Age

Experienced Management: III's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tipp Dalal	CEO & Director	16.3yrs	no data	13.33% THB 886.8m
Viraj Nobnomtham	CFO & Director	16.3yrs	no data	10.62% THB 706.4m
Thanut Thatayanon	Executive Director	16.3yrs	no data	1.6% THB 106.5m
Jirod Panacharas	Executive Director	7.9yrs	no data	3.44% THB 229.1m
Chalermsak Karnchanawarin	Executive Director	6.1yrs	no data	3.71% THB 246.8m
Darunee Rakpongpiboon	Company Secretary & Director	16.3yrs	no data	1.02% THB 67.9m
Apichart Chirabandhu	Independent Director	7.2yrs	฿839.00k	no data
Woodtipong Moleechad	Independent Vice Chairman	7.2yrs	฿1.58m	no data
Vipoota Trakulhoon	Independent Director	7.2yrs	฿829.00k	no data
Krirkkrai Jirapaet	Independent Chairman of the Board	7.2yrs	฿2.09m	no data

7.5yrs

Average Tenure

56.5yo

Average Age

Experienced Board: III's board of directors are considered experienced (7.5 years average tenure).

Triple i Logistics Management

Management criteria checks 2/4

Key information

Recent management updates

Triple I Logistics Public Company Limited Announces Appointment of Directors of Sub-Committees

Triple i Logistics Public Company Limited, Annual General Meeting, Apr 23, 2024

Less than half of directors are independent

Less than half of directors are independent

Triple i Logistics Public Company Limited, Annual General Meeting, Apr 19, 2022

Triple i Logistics Public Company Limited Announces Resignation of Teeranit Isarangkul Na Ayudhaya as Director

Recent updates

Triple I Logistics Public Company Limited Announces Appointment of Directors of Sub-Committees

Upcoming dividend of ฿0.18 per share

Consensus revenue estimates fall by 21%

Price target decreased by 7.3% to ฿13.22

Final dividend reduced to ฿0.18

Triple i Logistics Public Company Limited, Annual General Meeting, Apr 23, 2024

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Triple i Logistics Public Company Limited Proposes Dividend for the Year 2023, Payable on May 16, 2024

Price target decreased by 8.1% to ฿13.92

Third quarter 2023 earnings released: EPS: ฿0.20 (vs ฿0.23 in 3Q 2022)

Now 24% undervalued after recent price drop

Upcoming dividend of ฿0.20 per share at 4.6% yield

Triple i Logistics Public Company Limited (SET:III) announces an Equity Buyback for 25,000,000 shares, representing 3.1% for THB 300 million.

New major risk - Earnings quality

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

New major risk - Revenue and earnings growth

Price target decreased by 12% to ฿15.10

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus revenue estimates decrease by 16%

Upcoming dividend of ฿0.40 per share at 4.0% yield

Full year 2022 earnings released: EPS: ฿1.25 (vs ฿0.62 in FY 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ฿0.23 (vs ฿0.16 in 3Q 2021)

Price target decreased to ฿18.30

Now 20% undervalued after recent price drop

Upcoming dividend of ฿0.15 per share

Triple i Logistics Public Company Limited Announces Interim Dividend For Operating Period from 01 January 2022 to 30 June 2022, Payable on 09 September 2022

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Triple I Logistics Public Company Limited Approves Payment of Dividend for the Year 2021, Payable on May 17, 2022

Upcoming dividend of ฿0.30 per share

Triple i Logistics Public Company Limited, Annual General Meeting, Apr 19, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Triple i Logistics Public Company Limited Proposes Annual Dividend Payment for the Year 2021, Payable on 17 May 2022

Triple i Logistics Public Company Limited Announces Resignation of Teeranit Isarangkul Na Ayudhaya as Director

Third quarter 2021 earnings released: EPS ฿0.17 (vs ฿0.096 in 3Q 2020)

Upcoming dividend of ฿0.10 per share

Price target increased to ฿14.48

Consensus revenue estimates increase to ฿2.53b

Price target increased to ฿11.47

Triple i Logistics Public Company Limited (SET:III) entered into information memorandum to acquire additional 8% stake in A.T.P. Friend Services Co., Ltd. from Thaweechok Saetang, Patcharatorn Thewarit, Satheranat Lapkaiwan and Ekkalak Pintafai for THB 28 million.

Second quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.057 in 2Q 2020)

Investor sentiment improved over the past week

Price target increased to ฿9.58

Consensus revenue estimates increase to ฿2.14b

First quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.037 in 1Q 2020)

Upcoming dividend of ฿0.10 per share

Price target increased to ฿8.20

Analysts increase EPS estimates to ฿0.29

New 90-day high: ฿7.40

Triple i Logistics Public Company Limited, Annual General Meeting, Apr 20, 2021

Full year 2020 earnings released: EPS ฿0.27 (vs ฿0.27 in FY 2019)

Revenue and earnings beat expectations

New 90-day high: ฿6.80

Price target raised to ฿6.40

New 90-day high: ฿6.65

Market bids up stock over the past week

New 90-day high: ฿5.05

Earnings beat expectations, revenue disappoints

Third quarter 2020 earnings released: EPS ฿0.096

Analysts update estimates

New 90-day low: ฿3.96

New 90-day low - ฿4.22

First half earnings released

New 90-day high - ฿4.66

Sky ICT Public Company Limited (SET:SKY) agreed to acquire 46.8% stake in SAL Group (Thailand) Company Limited from Triple i Logistics Public Company Limited (SET:III) and My Box Company Limited for approximately THB 210 million.