Company Summary
AI ASIAN INSULATORS PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
SET
CG Report:   -
 
  Data as of 20 Sep 2019  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
1.21 1.68 / 1.04 16.80 1.56 700.00 3,388.00 4,286.36 102.64 13.83
News
Date/Time Subject
26 Aug 2019 17:01   Provide financial assistance to AI Energy Public Company Limited (AIE)
13 Aug 2019 17:07   Reviewed Quarter 2 and Consolidated F/S (F45-3)
13 Aug 2019 17:06   Financial Statement Quarter 2/2019 (Reviewed)
13 Aug 2019 17:01   Management Discussion and Analysis Quarter 2 Ending 30 Jun 2019
12 Jun 2019 08:55   Summary of information to request revocation (Revised of Registered Capital)
more

Company Profile
Address 254, SERI THAI ROAD, KHAN NA YAO Bangkok 10230
Telephone 0-2517-1451, 0-2517-1026, 0-2517-9447-8
Fax 0-2517-1465
URL http://www.asianinsulators.com
  Annual Report 2018
Establish Date 12/05/1981 Listed Date 09/09/2004
IPO Price (Baht) 48.00 @Par5.00 Baht
IPO Financial Advisory
  • FINANSA SECURITIES LIMITED
  • Par 0.25 Baht
    Last Par Change Old 1.00 : New 0.25 @ 06/05/2015

    Business
    The manufacturer and distributor of porcelain insulators products for electricity distribution

    Free Float 13 Mar 2019 14 Mar 2018
    % /Shareholders
    48.98% 7,906 48.92% 7,896
    Foreign Shareholders 1.00% (As of 20/09/2019) Foreign Limit 15.00%
    NVDR Shareholders  0.67% (As of 20/09/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 0.83 1.97 2.42
    20 Days -0.82 -5.69 -1.46
    60 Days -23.90 -21.73 -20.10
    120 Days -20.39 -22.69 -20.81
    YTD -20.39 -27.10 -23.91
    P/E (X) 16.80 16.92 18.65
    P/BV (X) 1.56 1.76 1.83
    Turnover Ratio (%) 0.05 0.43 0.95

    Top 10 Major Shareholders(@07 May 2019) Share %
    1. นาย ณรงค์ ธารีรัตนาวิบูลย์ 596,228,892 21.29
    2. นาย นพพล ธารีรัตนาวิบูลย์ 496,654,372 17.74
    3. นาย ธนิตย์ ธารีรัตนาวิบูลย์ 192,816,064 6.89
    4. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 111,662,920 3.99
    5. นาย ชลสินธุ์ วรกิจจานุวัฒน์ 60,000,000 2.14
    6. นาย โกวิท ธารีรัตนาวิบูลย์ 58,800,000 2.10
    7. นาย ศิริกูล ธารีรัตนาวิบูลย์ 50,973,080 1.82
    8. นาย อนุรักษ์ ธารีรัตนาวิบูลย์ 50,400,000 1.80
    9. นาง ผกาพรรณ เศวตโกมลนันท์ 48,305,600 1.73
    10. นาง อุษณา ธารีรัตนาวิบูลย์ 43,609,524 1.56

    Management Position
    1. Mr. NARONG THARERATANAVIBOOL CHAIRMAN
    2. Mr. THANIT THARERATANAVIBOOL MANAGING DIRECTOR / DIRECTOR
    3. Mr. KOVIT THARERATANAVIBOOL DIRECTOR
    4. POL. GEN. WICHEAN POTEPHOSREE INDEPENDENT DIRECTOR / CHAIRMAN OF AUDIT COMMITTEE
    5. Mr. BOONLERT KHAWCHAROENPORN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    6. Mr. VEERAPHAT PHETCHARAKUPT INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    20 Sep 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 2,800.00  2,800.00  2,800.00 
    Market Cap (MB.) 3,388.00 
    Price (B./share) 1.21  1.52  1.52 
    BVPS (B./Share) 0.78  0.86  0.78 
    P/BV (X) 1.56 
    P/E (X) 16.80 
    Turnover Ratio (%) 83.15  N/A  N/A 
    Value Trade/Day (MB.) 19.04 
    Beta 1.66 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) -20.39  0.00  0.00 
    Dividend Yield (%) 9.92 
    Payout Ratio 1.67 
    Dividend Policy Not less than 40% of the net profit after tax and legal reserved

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    - 0.12 Baht 22 May 2019 Cash
    - 0.05 Baht 15 May 2018 Cash
    01 Jan 2017 - 30 Jun 2017 0.05 Baht 08 Sep 2017 Cash
    - 0.09 Baht - Cash
     
    Auditor
    (Effective Until 31/12/2019)
    MR. SATHIEN VONGSNAN/ANS AUDIT CO., LTD.
    MR. ATIPONG ATIPONGSAKUL/ANS AUDIT CO., LTD.
    MR. VICHAI RUCHITANONT/ANS AUDIT CO., LTD.
    MS. KULTIDA PASURAKUL/ANS AUDIT CO., LTD.
    MR. YUTTAPONG CHUAMUANGPAN/ANS AUDIT CO., LTD.
    F/S Year ended 31/12
    Latest Type of Report Qualified opinion
    Financial Data
    Statement of Financial Position (MB.) 6M/2019 
    (01/01/19 
    -30/06/19) 
    6M/2018 
    (01/01/18 
    -30/06/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Cash 49.56 139.02 125.72 127.69 291.16
    A/R Net 257.94 265.58 234.15 258.41 457.00
    Inventories 569.12 384.04 446.87 357.70 449.63
    Current Assets 1,048.55 1,287.60 1,379.17 1,266.52 1,779.74
    PP&E Net 2,009.92 1,897.69 1,959.63 1,834.08 1,686.59
    Total Assets 3,122.67 3,261.48 3,397.46 3,183.66 3,525.14
    OD 0.47 - - - 128.00
    A/P Net 230.08 191.90 200.27 169.89 143.65
    Current portion of LT - - - - -
    Current Liabilities 233.62 197.66 202.07 187.96 363.18
    Non-Current Liabilities 34.31 27.21 27.13 30.50 29.32
    Total Liabilities 267.93 224.87 229.20 218.46 392.50
    Authorized Capital 700.00 700.00 700.00 700.00 700.00
    Paid-Up Capital 700.00 700.00 700.00 700.00 700.00
    Premium (Discount) on Share Capital 902.77 902.77 902.77 902.77 902.77
    Other Surplus (Deficit) 370.47 357.32 370.47 357.32 357.32
    Retained Earnings (Deficit) -664.43 -516.98 -374.05 -556.77 -420.45
    Treasury Stock - - - - -
    Shareholders' Equity 2,174.75 2,309.05 2,465.12 2,266.70 2,403.02
    Minority Interest 679.99 727.57 703.14 698.50 729.63
    more
    Statement of Comprehensive Income (MB.) 6M/2019 
    (01/01/19 
    -30/06/19) 
    6M/2018 
    (01/01/18 
    -30/06/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Sales 1,156.38 1,289.60 2,586.04 3,274.56 4,654.54
    Other Income 6.44 14.56 22.24 183.68 17.61
    Total Revenues 1,162.82 1,304.17 2,608.27 3,458.23 4,673.91
    COGs 1,044.74 1,044.61 2,109.63 2,998.46 4,145.21
    SG&A 90.93 83.97 171.16 192.41 195.92
    Total Expenses 1,135.67 1,129.37 2,300.83 3,194.58 4,341.13
    EBITDA 102.64 243.48 450.74 402.97 482.79
    Depre. & Amor. 75.49 68.68 143.30 139.32 150.01
    EBIT 27.15 174.80 307.45 263.66 332.78
    Net Profit 45.62 166.64 322.71 255.68 293.85
    EPS (B.) 0.02 0.06 0.12 0.09 0.10
    more
    Statement of Cash Flow (MB.) 6M/2019 
    (01/01/19 
    -30/06/19) 
    6M/2018 
    (01/01/18 
    -30/06/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Operating Cash Flow 4.44 235.36 453.33 492.26 591.60
    Investing Cash Flow 254.75 -262.09 -493.39 -134.28 0.92
    Financing Cash Flow -335.35 38.06 38.09 -521.46 -456.07
    Net Cash Flow -76.16 11.33 -1.97 -163.47 136.45
    more
    Annualized: ROE, ROA
    Ratios 6M/2019  6M/2018  2018  2017 
    Current Ratio (X) 4.49 6.51 6.83 6.74
    ROE (%) 9.00 16.44 13.64 10.95
    ROA (%) 5.01 13.13 9.34 7.86
    D/E (X) 0.12 0.10 0.09 0.10
    Total Asset Turnover (X) 0.77 0.92 0.79 1.03
    Gross Profit Margin (%) 9.65 19.00 18.42 8.43
    EBIT Margin (%) 2.33 13.40 11.79 7.62
    Net Profit Margin (%) 3.92 12.78 12.37 7.39

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    No Information Found

    Growth Rate (%) 6M/2019  6M/2018  2018  2017 
    Sales Growth -10.33 -21.97 -21.03 -29.65
    COGs Growth 0.01 -33.70 -29.64 -27.66
    Total Revenue Growth -10.84 -21.69 -24.58 -26.01
    Total Expense Growth 0.56 -32.29 -27.98 -26.41
    Net Profit Growth -72.62 223.77 26.22 -12.99

    Annualized
    Cash Cycle 6M/2019  6M/2018  2018  2017 
    A/R Turnover (Times) 9.37 10.60 10.50 9.15
    Avg. Collection Period (Days) 38.95 34.42 34.76 39.87
    Inventory Turnover (Times) 4.43 7.16 5.24 7.43
    Avg. Inventory Period (Days) 82.45 51.00 69.60 49.14
    A/P Turnover (Times) 10.00 11.50 11.40 19.13
    Avg. Payment Period (Days) 36.50 31.75 32.02 19.08
    Cash Cycle (Days) 84.90 53.67 72.34 69.93


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    SP 29 Apr 2016 10 Jun 2019

    Market Alert (Latest)
    No Information Found
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    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
     
    Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
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