Absolute Clean Energy Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Tanachai Bunditvorapoom

Chief executive officer

฿285.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	7.5yrs
CEO ownership	n/a
Management average tenure	7yrs
Board average tenure	7.4yrs

Recent management updates

Recent updates

CEO

Tanachai Bunditvorapoom (51 yo)

7.5yrs

Tenure

฿285,000

Compensation

Mr. Tanachai Bunditvorapoom has been an Independent Director of Synergetic Auto Performance Public Company Limited since February 27, 2020 and served as its Director from February 27, 2018 to February 27,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tanachai Bunditvorapoom	CEO & Executive Director	7.5yrs	฿285.00k	no data
Tanavijit Ankapipatchai	CFO & Executive Director	6.7yrs	฿265.00k	no data
Pornmett Songmetta	COO & Executive Director	6.7yrs	฿285.00k	21.06% THB 2.7b
Teerawut Songmetta	Executive Director and Chief Executive Technology & Innovation Officer	6.7yrs	฿285.00k	18.25% THB 2.4b
Adul Narongsak	Executive Director	6.8yrs	฿160.00k	no data
Sadudta Navaskul	Vice President of Finance & Accounting	7yrs	no data	no data
Sivis Anantakul	Investor Relations Senior Manager	no data	no data	no data
Chainat Buathong	Company Secretary and Legal & Regulatory Compliance Director	7.2yrs	no data	no data
Peck Tan	Co-Chief Executive Officer of Advance Agro Asia Company Limited	8.3yrs	no data	no data
Umporn Sangsukdee	Chief Executive Officer of Advance Agro Asia Company Limited	9.1yrs	no data	no data

7.0yrs

Average Tenure

43.5yo

Average Age

Experienced Management: ACE's management team is seasoned and experienced (7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tanachai Bunditvorapoom	CEO & Executive Director	6.3yrs	฿285.00k	no data
Tanavijit Ankapipatchai	CFO & Executive Director	8.9yrs	฿265.00k	no data
Pornmett Songmetta	COO & Executive Director	8.9yrs	฿285.00k	21.06% THB 2.7b
Teerawut Songmetta	Executive Director and Chief Executive Technology & Innovation Officer	8.9yrs	฿285.00k	18.25% THB 2.4b
Charoon Intachan	Independent Director	6.3yrs	฿425.00k	no data
Jiratha Songmetta	Director	8.9yrs	฿685.00k	no data
Patchanee Sutheevitanunt	Independent Director	7.4yrs	฿620.00k	no data
Chonticha Chitrarporn	Independent Director	7.4yrs	฿575.00k	no data
Nuekrak Baingern	Independent Director	7.4yrs	฿605.00k	no data
Monthon Sudprasert	Independent Chairman of the Board	3.6yrs	฿510.00k	no data

7.4yrs

Average Tenure

64yo

Average Age

Experienced Board: ACE's board of directors are considered experienced (7.4 years average tenure).

Absolute Clean Energy Management

Management criteria checks 4/4

Key information

Recent management updates

Absolute Clean Energy Public Company Limited, Annual General Meeting, Apr 30, 2024

Insufficient new directors

Insufficient new directors

Absolute Clean Energy Public Company Limited Proposes the Retirement of Mr. Pranai Suwanrath as Independent Director/ Chairman of the Board of Directors

Absolute Clean Energy Public Company Limited, Annual General Meeting, Apr 28, 2021

Recent updates

New major risk - Revenue and earnings growth

Second quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.031 in 2Q 2023)

Now 20% overvalued

First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.027 in 1Q 2023)

Full year 2023 earnings released: EPS: ฿0.11 (vs ฿0.13 in FY 2022)

Absolute Clean Energy Public Company Limited, Annual General Meeting, Apr 30, 2024

Third quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.038 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.038 in 2Q 2022)

First quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.032 in 1Q 2022)

Insufficient new directors

Second quarter 2022 earnings released: EPS: ฿0.038 (vs ฿0.036 in 2Q 2021)

Absolute Clean Energy Public Company Limited (SET:ACE) announces an Equity Buyback for 400,000,000 shares, representing 3.93% for THB 1,000 million.

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Insufficient new directors

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Absolute Clean Energy Public Company Limited Proposes Dividend for the Year 2021, Payable on May 11, 2022

Consensus forecasts updated

Third quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.04 in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.025 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.058 in 1Q 2020)

Independent Chairman of the Board Pranai Suwanrath has left the company

Absolute Clean Energy Public Company Limited Approves Dividend, Payable on 13 May 2021

Absolute Clean Energy Public Company Limited Proposes the Retirement of Mr. Pranai Suwanrath as Independent Director/ Chairman of the Board of Directors

Full year 2020 earnings released: EPS ฿0.15 (vs ฿0.088 in FY 2019)

Revenue beats expectations, earnings disappoint

Absolute Clean Energy Public Company Limited, Annual General Meeting, Apr 28, 2021

New 90-day high: ฿3.84

New 90-day high: ฿3.80

Market bids up stock over the past week

Third quarter 2020 earnings released: EPS ฿0.04

Market bids up stock over the past week

New 90-day low: ฿2.74

New 90-day low: ฿2.84

New 90-day low - ฿3.00

Absolute Clean Energy Public Company Limited (SET:ACE) completed the acquisition of a 99.99% stake in UWC Komen Biomass Company Limited (UKB), UWC Amphan Biomass Company Limited (UAB) and Satuek Biomass Company Limited (SBM) from Ua Withya Public Company Limited (SET:UWC).

New 90-day low - ฿3.44

First half earnings released

Absolute Clean Energy Public Company Limited (SET:ACE) agreed to acquire 99.99% stake in UWC Komen Biomass Company Limited, UWC Amphan Biomass Company Limited and Satuek Biomass Company Limited from Ua Withya Public Company Limited (SET:UWC) for approximately THB 850 million.

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age