WHA Utilities and Power Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Somkiat Masunthasuwun

Chief executive officer

฿1.3m

Total compensation

CEO salary percentage	n/a
CEO tenure	3.3yrs
CEO ownership	n/a
Management average tenure	3.3yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

CEO

Somkiat Masunthasuwun

3.3yrs

Tenure

฿1,298,003

Compensation

Mr. Somkiat Masunthasuwun serves as Chief Executive Officer and Director at WHA Utilities and Power Public Company Limited since 2022.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Somkiat Masunthasuwun	CEO & Director	3.3yrs	฿1.30m	no data
Prapon Chinudomsub	Chief Executive Finance Officer & CFO	4.6yrs	฿120.00k	no data
Akarin Prathuangsit	Deputy Chief Executive Officer & Chief Operating Officer	3.2yrs	฿120.00k	no data
Vivat Jiratikarnsakul	Executive Director	no data	฿1.18m	no data
Teerasak Meepansaen	Deputy Director of Accounting	2.1yrs	no data	no data
Pailin Yapiangplook	Investor Relations Manager	no data	no data	no data
Saponlachet Wongthai	Head of Compliance	6.3yrs	no data	no data
Junpen Kasikidnumchai	Head of Internal Audit	4.2yrs	no data	no data
Budsaracom Suwannasorn	Corporate Secretary	1.3yrs	no data	no data

3.3yrs

Average Tenure

49yo

Average Age

Experienced Management: WHAUP's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Somkiat Masunthasuwun	CEO & Director	3.3yrs	฿1.30m	no data
Vivat Jiratikarnsakul	Executive Director	10.1yrs	฿1.18m	no data
Kamphol Panyagometh	Independent Director	less than a year	฿285.00k	no data
Somsak Pratomsrimek	Independent Director	less than a year	฿182.50k	no data
Jareeporn Jarukornsakul	Chairman of the Board	10.1yrs	฿1.71m	2.8% THB 377.3m
Numchai Lowattanatakul	Independent Director	4yrs	฿1.29m	no data
Krailuck Asawachatroj	Director	4yrs	฿1.18m	no data
Natthapatt Tanboon-Ek	Director	less than a year	฿257.50k	no data
Sek Wannamethee	Director	less than a year	฿37.50k	no data
Luxmon Attapich	Independent Director	less than a year	฿37.50k	no data

2.1yrs

Average Tenure

54.5yo

Average Age

Experienced Board: WHAUP's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/19 21:14
End of Day Share Price	2025/04/18 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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 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
Suwat Sinsadok	BNP Paribas Securities (Asia)
Poramet Tongbua	Bualuang Securities PCL
Kijapat Wongmetta	Bualuang Securities PCL

WHA Utilities and Power Management

Management criteria checks 1/4

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

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

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

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

WHA Utilities and Power Public Company Limited (SET:WHAUP) acquired 51% stake in Stella Power 1 Co., Ltd./Stella Power 2 Co., Ltd. from Athena Power Limited for TBH 255,000.

WHA Utilities and Power Public Company Limited Announces the Interim Dividend for the Period from January 1, 2022 to September 30, 2022, Payable on December 7, 2022

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

WHA Utilities and Power Public Company Limited, Annual General Meeting, Apr 22, 2022

WHA Utilities and Power Public Company Limited Announces Surathian Chakthranon Will Not Be to Be Re-Elect as Director

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

WHA Utilities and Power Public Company Limited, Annual General Meeting, Apr 20, 2021

New 90-day low: ฿3.94

New 90-day low: ฿4.06

Analysts update estimates

New 90-day high: ฿4.44

Analysts update estimates

Third quarter 2020 earnings released: EPS ฿0.05

New 90-day low: ฿3.56

New 90-day low - ฿3.84

New 90-day low - ฿3.86

Price target lowered to ฿5.30

Analysts update estimates

Price target lowered to ฿5.95