KEX Express (Thailand) Management

Management criteria checks 2/4

KEX Express (Thailand)'s CEO is Alex Ng, appointed in Jan 2019, has a tenure of 5.75 years. directly owns 0.6% of the company’s shares, worth THB59.17M. The average tenure of the management team and the board of directors is 5.8 years and 5.8 years respectively.

Key information

Alex Ng

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	5.8yrs
CEO ownership	0.6%
Management average tenure	5.8yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO

Alex Ng (44 yo)

5.8yrs

Tenure

Mr. Ng Kin Hang, also known as Alex, serves as Executive Director of Integrated Logistics. Mr. Ng served as an Executive Director at Kerry Logistics Network Ltd since January 1, 2019 until October 13, 2021...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kin Hang Ng	CEO & Director	5.8yrs	no data	0.60% THB 59.2m
Warawut Natpradith	COO & Director	5.8yrs	no data	0.19% THB 18.5m
Chun Sang Choi	Deputy CEO	5.8yrs	no data	0.23% THB 23.2m
Kwan Wai Chow	Chief Financial Officer	less than a year	no data	no data
Hoi Yeung	Company Secretary & Director	less than a year	no data	no data

5.8yrs

Average Tenure

44yo

Average Age

Experienced Management: KEX's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kin Hang Ng	CEO & Director	10.8yrs	no data	0.60% THB 59.2m
Warawut Natpradith	COO & Director	5.8yrs	no data	0.19% THB 18.5m
Hoi Yeung	Company Secretary & Director	less than a year	no data	no data
Kamthorn Tatiyakavee	Independent Director	5.8yrs	฿640.00k	0.0029% THB 281.7k
Kledchai Benja-Athonsirikul	Director	7.8yrs	฿1.02m	0.28% THB 27.8m
Prasan Chuaphanich	Independent Director	5.8yrs	฿1.29m	0.0043% THB 423.0k
Xin Wang	Chairman of the Board	less than a year	no data	no data
Hwee Leng Yeo	Independent Director	5.8yrs	฿700.00k	0.0029% THB 281.7k
Bee Ti Ooi	Director	less than a year	no data	no data

5.8yrs

Average Tenure

51yo

Average Age

Experienced Board: KEX's board of directors are considered experienced (5.8 years average tenure).

KEX Express (Thailand) Management

Management criteria checks 2/4

Key information

Recent management updates

Kerry Express (Thailand) Public Company Limited Appoints Hoi Ching Yeung as Company Secretary

Kerry Express (Thailand) Public Company Limited Announces Resignation of Patamabhorn Damrongsoontornchai as Company Secretary

Kerry Express (Thailand) Public Company Limited Announces Chief Financial Officer Changes

Kerry Express (Thailand) Public Company Limited Announces the Resignation of Kultaree Samakkeenitch as Chief Accountant

Kerry Express (Thailand) Public Company Limited, Annual General Meeting, Apr 23, 2024

Kerry Express (Thailand) Public Company Limited, Annual General Meeting, Apr 23, 2024

Recent updates

New major risk - Shareholder dilution

Second quarter 2024 earnings released: ฿0.61 loss per share (vs ฿0.60 loss in 2Q 2023)

Kerry Express (Thailand) Public Company Limited Appoints Hoi Ching Yeung as Company Secretary

New minor risk - Share price stability

Consensus EPS estimates upgraded to ฿1.88 loss

First quarter 2024 earnings released: ฿0.68 loss per share (vs ฿0.45 loss in 1Q 2023)

Kerry Express (Thailand) Public Company Limited Announces Resignation of Patamabhorn Damrongsoontornchai as Company Secretary

Kerry Express (Thailand) Public Company Limited Announces Chief Financial Officer Changes

Kerry Express (Thailand) Public Company Limited Announces the Resignation of Kultaree Samakkeenitch as Chief Accountant

Consensus revenue estimates fall by 24%

Kerry Express (Thailand) Public Company Limited, Annual General Meeting, Apr 23, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Kerry Express (Thailand) Public Company Limited, Annual General Meeting, Apr 23, 2024

S.F. Holding Co., Ltd. made an offer to acquire 73.2% stake in Kerry Express (Thailand) Public Company Limited (SET:KEX) for THB 7 billion.

New major risk - Financial position

Third quarter 2023 earnings released: ฿0.51 loss per share (vs ฿0.39 loss in 3Q 2022)

New major risk - Share price stability

New minor risk - Profitability

Price target decreased by 13% to ฿8.95

New minor risk - Financial position

Kerry Express (Thailand) Public Company Limited Appoints Patamabhorn Damrongsoontornchai as Company Secretary

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Kerry Express (Thailand) Public Company Limited Announces Resignation of Miss Rasamee Yongrasameewong as Company Secretary

Price target decreased by 15% to ฿12.63

Consensus EPS estimates fall by 34%

First quarter 2023 earnings released: ฿0.45 loss per share (vs ฿0.28 loss in 1Q 2022)

Price target decreased by 8.0% to ฿15.03

Now 25% undervalued after recent price drop

Consensus EPS estimates fall by 17%

Consensus revenue estimates fall by 13%

Price target decreased by 9.6% to ฿16.28

Kerry Express (Thailand) Public Company Limited, Annual General Meeting, Apr 21, 2023

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased to ฿19.60

Price target decreased to ฿21.39

Second quarter 2022 earnings: EPS misses analyst expectations

Consensus forecasts updated

Consensus forecasts updated

Consensus forecasts updated

Price target increased to ฿23.20

Consensus EPS estimates fall by 184%

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased to ฿21.66

Less than half of directors are independent

Price target decreased to ฿20.97

Consensus EPS estimates have been downgraded.

Now 21% undervalued after recent price drop

Kerry Express (Thailand) Public Company Limited, Annual General Meeting, Apr 22, 2022

Price target decreased to ฿29.18

Kerry Express (Thailand) Public Company Limited Proposes No Further Dividend Payment from the 2021

Price target decreased to ฿33.84

Consensus forecasts updated

Third quarter 2021 earnings released: EPS ฿0.007 (vs ฿0.20 in 3Q 2020)

Upcoming dividend of ฿0.74 per share

Second quarter 2021 earnings released: EPS ฿0.19 (vs ฿0.25 in 2Q 2020)

Consensus revenue estimates fall to ฿19.2b

First quarter 2021 earnings released: EPS ฿0.17 (vs ฿0.62 in 1Q 2020)

Kerry Express (Thailand) Public Company Limited Approves Annual Dividend Payable on 7 May 2021 and 21 May 2021

Kerry Express (Thailand) Public Company Limited, Annual General Meeting, Apr 23, 2021

Full year 2020 earnings released: EPS ฿1.11 (vs ฿5.54 in FY 2019)

Earnings beat expectations, revenue disappoints

Investor sentiment improved over the past week

Kerry Express (Thailand) Public Company Limited has completed an IPO in the amount of THB 8.4 billion.

CEO

Tenure

Leadership Team

Average Tenure