WHA Utilities and Power Management

Management criteria checks 2/4

WHA Utilities and Power's CEO is Akarin Prathuangsit, appointed in Jan 2026, has a tenure of less than a year. directly owns 0% of the company’s shares, worth THB18.21K. The average tenure of the management team and the board of directors is 2.5 years and 2 years respectively.

Key information

Akarin Prathuangsit

Chief executive officer

฿222.5k

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	0.00007%
Management average tenure	2.5yrs
Board average tenure	2yrs

Recent management updates

Recent updates

CEO

Akarin Prathuangsit (51 yo)

less than a year

Tenure

฿222,500

Compensation

Mr. Akarin Prathuangsit serves as Chief Executive Officer of WHA Utilities and Power Public Company Limited from January 1, 2026 and as its Director since September 20, 2025. He also serves as Acting Chief...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Akarin Prathuangsit	CEO, Acting COO & Director	less than a year	฿222.50k	0.000070% THB 18.2k
Prapon Chinudomsub	Chief Executive Finance Officer & CFO	5.8yrs	฿135.00k	no data
Vivat Jiratikarnsakul	Executive Director	no data	฿1.09m	no data
Teerasak Meepansaen	Director of Accounting	3.3yrs	no data	no data
Pailin Yapiangplook	Investor Relations Manager	no data	no data	no data
Panadda Eamchawna	Head of Compliance	no data	no data	no data
Teerawat Arayapong	Head of Internal Audit Department	no data	no data	no data
Budsaracom Suwannasorn	Corporate Secretary	1.7yrs	no data	no data

2.5yrs

Average Tenure

45yo

Average Age

Experienced Management: WHAUP's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Akarin Prathuangsit	CEO, Acting COO & Director	less than a year	฿222.50k	0.000070% THB 18.2k
Vivat Jiratikarnsakul	Executive Director	11.3yrs	฿1.09m	no data
Kamphol Panyagometh	Lead Independent Director	2.1yrs	฿1.14m	no data
Somsak Pratomsrimek	Independent Director	1.8yrs	฿825.75k	no data
Jareeporn Jarukornsakul	Chairman of the Board	11.3yrs	฿1.67m	2.8% THB 729.0m
Numchai Lowattanatakul	Independent Director	5.2yrs	฿1.27m	no data
Krailuck Asawachatroj	Director	5.2yrs	฿1.12m	no data
Natthapatt Tanboon-Ek	Director	1.8yrs	฿755.75k	no data
Sek Wannamethee	Director	1.5yrs	฿524.15k	0.0014% THB 374.5k
Luxmon Attapich	Independent Director	1.5yrs	฿554.15k	no data

2.0yrs

Average Tenure

54yo

Average Age

Experienced Board: WHAUP's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/23 10:54
End of Day Share Price	2026/06/23 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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.

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 Github.

Analyst Sources

WHA Utilities and Power Public Company Limited is covered by 11 analysts. 7 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
Poramet Tongbua	Bualuang Securities PCL
Kijapat Wongmetta	Bualuang Securities PCL
Phoowadol Phoosodngern	Bualuang Securities PCL

WHA Utilities and Power Management

Management criteria checks 2/4

Key information

Recent management updates

WHA Utilities and Power Public Company Limited, Annual General Meeting, Apr 22, 2025

Less than half of directors are independent

WHA Utilities and Power Public Company Limited Announces Management Changes

WHA Utilities and Power Public Company Limited Announces Board and Committee Changes

WHA Utilities and Power Public Company Limited Announces Resignation of David Richard Nardone as Director

Less than half of directors are independent

Recent updates

Price target increased by 8.3% to ฿5.83

First quarter 2026 earnings: EPS and revenues exceed analyst expectations

WHA Utilities and Power Public Company Limited Approves Dividend Payment from 2025, Payable on May 18, 2026

Upcoming dividend of ฿0.19 per share

Investor sentiment deteriorates as stock falls 17%

Final dividend of ฿0.19 announced

Full year 2025 earnings: EPS misses analyst expectations

WHA Utilities and Power Public Company Limited Proposed Annual Cash Dividend for Operating Period from 01 January 2025 to 31 December 2025, Payment Date Shall Be on May 18, 2026

Consensus EPS estimates increase by 12%

Dividend of ฿0.06 announced

Third quarter 2025 earnings: EPS and revenues exceed analyst expectations

Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 12% to ฿4.87

First quarter 2025 earnings: EPS in line with expectations, revenues disappoint

WHA Utilities and Power Public Company Limited Approves Dividend for the Year 2024, Payable on May 16, 2025

Upcoming dividend of ฿0.19 per share

Investor sentiment deteriorates as stock falls 16%

Consensus EPS estimates fall by 14%

Price target decreased by 18% to ฿4.53

Final dividend of ฿0.19 announced

Full year 2024 earnings: EPS misses analyst expectations

WHA Utilities and Power Public Company Limited, Annual General Meeting, Apr 22, 2025

WHA Utilities and Power Public Company Limited Proposes Annual Dividend for the Year 2024, Payable on May 16, 2025

Less than half of directors are independent

Investor sentiment deteriorates as stock falls 16%

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased by 7.5% to ฿5.77

First half dividend of ฿0.06 announced

Consensus EPS estimates fall by 11%, revenue upgraded

New major risk - Revenue and earnings growth

Second quarter 2024 earnings: EPS misses analyst expectations

WHA Utilities and Power Public Company Limited Announces Management Changes

WHA Utilities and Power Public Company Limited Announces Board and Committee Changes

WHA Utilities and Power Public Company Limited Announces Resignation of David Richard Nardone as Director

WHA Utilities and Power Public Company Limited Approves Dividend for the Year 2023, Payable on 15 May 2024

Upcoming dividend of ฿0.19 per share

Final dividend increased to ฿0.19

Full year 2023 earnings: EPS exceeds analyst expectations

WHA Utilities and Power Public Company Limited Proposes Dividend for the Year 2023, Payable 15 May 2024

New major risk - Revenue and earnings growth

Upcoming dividend of ฿0.06 per share at 4.2% yield

Third quarter 2023 earnings released: EPS: ฿0.13 (vs ฿0.007 in 3Q 2022)

WHA Utilities and Power Public Company Limited Announces Cash Dividend for the Period from January 1, 2023 to September 30, 2023, Payable on December 4, 2023

Consensus EPS estimates increase by 59%

Second quarter 2023 earnings released: EPS: ฿0.13 (vs ฿0.053 in 2Q 2022)

Upcoming dividend of ฿0.10 per share at 4.0% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 7.8% to ฿4.75

Price target increased to ฿5.15

Consensus forecasts updated

Upcoming dividend of ฿0.06 per share

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus forecasts updated

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

Less than half of directors are independent

Full year 2021 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of ฿0.092 per share

Third quarter 2021 earnings released: EPS ฿0.05 (vs ฿0.049 in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.06 (vs ฿0.083 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.011 in 1Q 2020)

Price target increased to ฿4.90

Upcoming dividend of ฿0.16 per share

Consensus forecasts updated

Price target decreased to ฿4.47

Full year 2020 earnings released: EPS ฿0.21 (vs ฿0.56 in FY 2019)

Revenue and earnings miss expectations

New 90-day low: ฿3.94