Thai Solar Energy Management

Management criteria checks 2/4

Thai Solar Energy's CEO is Cathleen Maleenont, appointed in Jan 2014, has a tenure of 10.83 years. directly owns 38.79% of the company’s shares, worth THB763.16M. The average tenure of the management team and the board of directors is 5.3 years and 5.6 years respectively.

Key information

Cathleen Maleenont

Chief executive officer

฿695.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	10.8yrs
CEO ownership	38.8%
Management average tenure	5.3yrs
Board average tenure	5.6yrs

Recent management updates

Recent updates

CEO

Cathleen Maleenont (52 yo)

10.8yrs

Tenure

฿695,000

Compensation

Dr. Cathleen Maleenont, Ed D., served as Chairman at Wave Exponential Public Company Limited (formerly known as Wave Entertainment Public Company Limited) since November 1, 2022 until August 31, 2023. She...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Cathleen Maleenont	Chairman & CEO	10.8yrs	฿695.00k	38.79% THB 763.2m
Angkanee Rerksirisuk	CFO & Director	1.8yrs	฿380.00k	no data
Kitiphong Thunnom	Chief Technical Officer	7.3yrs	no data	no data
Chadatirud Lertaveesin	Investor Relations Division Manager	no data	no data	no data
Nottaporn Thiengprathes	Assistant VP of Supporting Office & Chief of Compliance	no data	no data	no data
Kedsara Lertpanasan	Assistant Vice President of Finance Controllers	3.4yrs	no data	no data

5.3yrs

Average Tenure

52yo

Average Age

Experienced Management: TSE's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Cathleen Maleenont	Chairman & CEO	13.5yrs	฿695.00k	38.79% THB 763.2m
Angkanee Rerksirisuk	CFO & Director	7.5yrs	฿380.00k	no data
Aran Apichari	Independent Director	5.6yrs	฿560.00k	no data
Prasert Patradhilok	Independent Director	3.8yrs	฿820.00k	no data
Praphan Subsang	Independent Director	3.8yrs	฿700.00k	no data

5.6yrs

Average Tenure

67yo

Average Age

Experienced Board: TSE's board of directors are considered experienced (5.6 years average tenure).

Thai Solar Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Thai Solar Energy Public Company Limited, Annual General Meeting, Apr 29, 2024

Insufficient new directors

Thai Solar Energy Public Company Limited Announces Resignation of Somphop Prompanapitak as Director, Members of Sub-Committees, Chief Operating Officer and Company Secretary, Effective 29 December 2023

Thai Solar Energy Public Company Limited Announces Resignation of Somphop Prompanapitak as Director, Members of Sub-Committees, Chief Operating Officer and Company Secretary, Effective 29 December 2023

Thai Solar Energy Public Company Limited Announces Chief Financial Officer Changes

Insufficient new directors

Recent updates

Third quarter 2024 earnings released

Second quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.072 in 2Q 2023)

Thai Solar Energy Public Company Limited (SET:TSE) announces an Equity Buyback for 160,000,000 shares, representing 7.56% for THB 200 million.

Now 21% undervalued after recent price drop

First quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0.11 in 1Q 2023)

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Upcoming dividend of ฿0.05 per share

New major risk - Revenue and earnings growth

Thai Solar Energy Public Company Limited, Annual General Meeting, Apr 29, 2024

Insufficient new directors

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

Thai Solar Energy Public Company Limited Announces Resignation of Somphop Prompanapitak as Director, Members of Sub-Committees, Chief Operating Officer and Company Secretary, Effective 29 December 2023

Thai Solar Energy Public Company Limited Announces Resignation of Somphop Prompanapitak as Director, Members of Sub-Committees, Chief Operating Officer and Company Secretary, Effective 29 December 2023

Third quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.06 in 3Q 2022)

New minor risk - Market cap size

New minor risk - Earnings quality

Second quarter 2023 earnings released: EPS: ฿0.072 (vs ฿0.08 in 2Q 2022)

Investor sentiment improves as stock rises 15%

Upcoming dividend of ฿0.09 per share at 3.2% yield

Thai Solar Energy Public Company Limited Announces Chief Financial Officer Changes

Insufficient new directors

Third quarter 2022 earnings released: EPS: ฿0.06 (vs ฿0.098 in 3Q 2021)

Second quarter 2022 earnings released: EPS: ฿0.08 (vs ฿0.08 in 2Q 2021)

Insufficient new directors

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Insufficient new directors

Thai Solar Energy Public Company Limited Approves Dividend in the Second Half of 2021, Payable on April 22, 2022

Upcoming dividend of ฿0.035 per share

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Thai Solar Energy Public Company Limited, Annual General Meeting, Apr 12, 2022

Thai Solar Energy Public Company Limited Approves Approves Dividend of July to December 2021, Payable on 22 April 2022

Third quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.03 in 3Q 2020)

Upcoming dividend of ฿0.04 per share

First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.003 in 1Q 2020)

New 90-day low: ฿2.40

Third quarter 2020 earnings released: EPS ฿0.03

New 90-day low: ฿2.40

First quarter earnings released

New 90-day high - ฿3.14

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age