Wice Logistics Management

Management criteria checks 3/4

Wice Logistics' CEO is Araya Kongsoonthorn, appointed in Jan 2014, has a tenure of 10.5 years. directly owns 22.49% of the company’s shares, worth THB510.42M. The average tenure of the management team and the board of directors is 11 years and 10.5 years respectively.

Key information

Araya Kongsoonthorn

Chief executive officer

฿406.5k

Total compensation

CEO salary percentage	n/a
CEO tenure	11yrs
CEO ownership	22.5%
Management average tenure	11yrs
Board average tenure	10.5yrs

Recent management updates

Recent updates

CEO

Araya Kongsoonthorn (59 yo)

11yrs

Tenure

฿406,531

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	11yrs	฿406.53k	22.49% THB 510.4m
Busarin Tuanchaem	Director of Accounting & Finance (Corporate & Regional) and Director	no data	฿406.53k	0.031% THB 708.0k
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	11yrs	฿386.53k	13.82% THB 313.6m
Thitimar Tantikulsuntorn	Group MD of Corporate Support & Executive Director	no data	฿506.53k	12.03% THB 273.0m
Poramaporn Chamnongsuk	Company Secretary	9.2yrs	no data	no data

11.0yrs

Average Tenure

53.5yo

Average Age

Experienced Management: WICE's management team is seasoned and experienced (11 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Araya Kongsoonthorn	Group CEO & Director	10.5yrs	฿406.53k	22.49% THB 510.4m
Busarin Tuanchaem	Director of Accounting & Finance (Corporate & Regional) and Director	6.9yrs	฿406.53k	0.031% THB 708.0k
Chudet Kongsoonthorn	Group MD of Business Development & Director	10.5yrs	฿386.53k	13.82% THB 313.6m
Thitimar Tantikulsuntorn	Group MD of Corporate Support & Executive Director	10.5yrs	฿506.53k	12.03% THB 273.0m
Boongrieng Thanaphansin	Independent Director	3.7yrs	฿511.53k	no data
Ruth Banomyong	Independent Chairman of the Board	10.5yrs	฿506.53k	no data
Silawat Santiwisat	Independent Director	less than a year	no data	no data

10.5yrs

Average Tenure

58.5yo

Average Age

Experienced Board: WICE's board of directors are seasoned and experienced ( 10.5 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/21 06:57
End of Day Share Price	2025/01/21 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Wice Logistics Public Company Limited is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Chaiyot Jiwangkul	Globlex Securities Co. Ltd.
Siam Tiyanont	Phillip Securities (Thailand) PCL
Pimpaka Nichgaroon	Thanachart Securities Plc

Wice Logistics Management

Management criteria checks 3/4

Key information

Recent management updates

Wice Logistics Public Company Limited Announces Resignation of Komol Rungruangyot as Independent Director, Chairman of the Audit Committee, Chairman of the Risk Management Committee, and Member of the Corporate Governance and Sustainability Committee, Effective December 14, 2024

Less than half of directors are independent

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 Announces Resignation of Komol Rungruangyot as Independent Director, Chairman of the Audit Committee, Chairman of the Risk Management Committee, and Member of the Corporate Governance and Sustainability Committee, Effective December 14, 2024

Price target decreased by 9.4% to ฿5.65

New minor risk - Market cap size

Price target increased by 9.4% to ฿6.58

Second quarter 2024 earnings released: EPS: ฿0.11 (vs ฿0.097 in 2Q 2023)

Investor sentiment deteriorates as stock falls 17%

New minor risk - Share price stability

Less than half of directors are independent

Price target decreased by 14% to ฿5.63

Investor sentiment improves as stock rises 16%

First quarter 2024 earnings released: EPS: ฿0.06 (vs ฿0.085 in 1Q 2023)

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