Wice Logistics Management

Management criteria checks 3/4

Wice Logistics' CEO is Araya Kongsoonthorn, appointed in Jan 2014, has a tenure of 10.33 years. directly owns 22.49% of the company’s shares, worth THB749.76M. The average tenure of the management team and the board of directors is 10.3 years and 9.8 years respectively.

Key information

Araya Kongsoonthorn

Chief executive officer

฿512.8k

Total compensation

CEO salary percentage	n/a
CEO tenure	10.3yrs
CEO ownership	22.5%
Management average tenure	10.3yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO

Araya Kongsoonthorn (58 yo)

10.3yrs

Tenure

฿512,831

Compensation

Dr. Araya Kongsoonthorn is Group Chief Executive Officer of WICE Logistics Public Company Limited since June 2023. Dr. Kongsoonthorn had been the Chief Executive Officer of WICE Logistics Public Company Li...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Araya Kongsoonthorn	Group CEO & Director	10.3yrs	฿512.83k	22.49% THB 749.8m
Busarin Tuanchaem	Director of Accounting & Finance (Corporate & Regional) and Director	no data	฿512.83k	0.031% THB 1.0m
Somjai Purachako	Commercial Director of Sales & Marketing and Director of Customer Development	no data	฿80.00k	no data
Chudet Kongsoonthorn	Group MD of Business Development & Director	10.3yrs	฿492.83k	13.82% THB 460.6m
Thitimar Tantikulsuntorn	Group MD of Corporate Support & Executive Director	no data	฿612.83k	12.03% THB 401.0m
Poramaporn Chamnongsuk	Company Secretary	8.5yrs	no data	no data

10.3yrs

Average Tenure

52.5yo

Average Age

Experienced Management: WICE's management team is seasoned and experienced (10.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Araya Kongsoonthorn	Group CEO & Director	9.8yrs	฿512.83k	22.49% THB 749.8m
Busarin Tuanchaem	Director of Accounting & Finance (Corporate & Regional) and Director	6.3yrs	฿512.83k	0.031% THB 1.0m
Chudet Kongsoonthorn	Group MD of Business Development & Director	9.8yrs	฿492.83k	13.82% THB 460.6m
Thitimar Tantikulsuntorn	Group MD of Corporate Support & Executive Director	9.8yrs	฿612.83k	12.03% THB 401.0m
Ekaphol Pongstabhon	Independent Chairman	9.8yrs	฿692.83k	0.023% THB 754.0k
Boongrieng Thanaphansin	Independent Director	3yrs	฿617.83k	no data
Ruth Banomyong	Independent Director	9.8yrs	฿612.83k	no data
Komol Rungruanyot	Independent Director	3.8yrs	฿737.83k	0.000040% THB 1.3k

9.8yrs

Average Tenure

58yo

Average Age

Experienced Board: WICE's board of directors are considered experienced (9.8 years average tenure).

Wice Logistics Management

Management criteria checks 3/4

Key information

Recent management updates

Wice Logistics Public Company Limited, Annual General Meeting, Apr 25, 2024

Insufficient new directors

Wice Logistics Public Company Limited, Annual General Meeting, Apr 29, 2022

Wice Logistics Public Company Limited, Annual General Meeting, Apr 30, 2021

Recent updates

Wice Logistics Public Company Limited Approves Dividend for the Year Ended on December 31, 2023, Payable on May 13, 2024

Consensus EPS estimates fall by 20%, revenue upgraded

Upcoming dividend of ฿0.24 per share

Dividend reduced to ฿0.24

Wice Logistics Public Company Limited, Annual General Meeting, Apr 25, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Wice Logistics Public Company Limited Proposes Dividend for the Year 2023, Payable on May 13, 2024

Wice Logistics Public Company Limited Proposes Dividend for the Year 2023, Payable on May 13, 2024

Consensus EPS estimates fall by 11%

Price target decreased by 14% to ฿7.67

New minor risk - Market cap size

Third quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.20 in 3Q 2022)

New minor risk - Share price stability

New major risk - Revenue and earnings growth

Insufficient new directors

Consensus revenue estimates fall by 14%

Second quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.26 in 2Q 2022)

Price target decreased by 9.3% to ฿10.70

First quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.24 in 1Q 2022)

Consensus revenue estimates fall by 16%

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of ฿0.44 per share at 4.1% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Wice Logistics Public Company Limited (SET:WICE) announces an Equity Buyback for 13,000,000 shares, representing 1.99% for THB 170 million.

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Price target decreased to ฿12.32

Now 20% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: ฿0.20 (vs ฿0.25 in 3Q 2021)

Second quarter 2022 earnings: Revenues miss analyst expectations

Price target decreased to ฿20.60

First quarter 2022 earnings: EPS exceeds analyst expectations

Now 24% undervalued after recent price drop

Price target increased to ฿24.33

Upcoming dividend of ฿0.23 per share

Full year 2021 earnings: EPS exceeds analyst expectations

Wice Logistics Public Company Limited, Annual General Meeting, Apr 29, 2022

Wice Logistics Public Company Limited Proposes Dividend, Payable on 13 May 2022

Investor sentiment deteriorated over the past week

Price target increased to ฿22.50

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS ฿0.25 (vs ฿0.09 in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.17 (vs ฿0.08 in 2Q 2020)

Investor sentiment improved over the past week

Price target increased to ฿8.80

Investor sentiment improved over the past week

Independent Director has left the company

Price target increased to ฿8.40

First quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.048 in 1Q 2020)

Wice Logistics Public Company Limited Approves Dividend, Payable on 19 May 2021

Upcoming dividend of ฿0.14 per share

Consensus revenue estimates increase to ฿4.52b

Price target increased to ฿6.85

Wice Logistics Public Company Limited Proposes Dividend, Payable on 19 May 2021

Full year 2020 earnings released: EPS ฿0.31 (vs ฿0.095 in FY 2019)

Revenue and earnings beat expectations

Wice Logistics Public Company Limited, Annual General Meeting, Apr 30, 2021

New 90-day high: ฿6.45

Analysts increase EPS estimates to ฿0.28

Investor sentiment improved over the past week

New 90-day high: ฿5.60

Third quarter 2020 earnings released: EPS ฿0.09

Revenue and earnings miss expectations

New 90-day high: ฿5.25

New 90-day high - ฿5.00

New 90-day high - ฿4.00

First half earnings released

New 90-day high - ฿3.70

Wice Logistics Public Company Limited (SET:WICE) completed the acquisition of remaining 30% stake in WICE Logistics (Singapore) Pte. Ltd. from Meng Pui Lim, Hock Loong Lien and Yie Ngoh Choo.

CEO