Company Summary
CHO CHO THAVEE PUBLIC COMPANY LIMITED
Industrial
mai
CG Report:   
 
  Data as of 18 Jan 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
1.39 2.08 / 1.05 17.33 2.37 327.22 1,819.35 4,979.72 228.21 17.88
News
Date/Time Subject
17 Jan 2019 13:13   Notification of progress for payment collection of the 3 rd batch buses delivery regarding BMTA's contract for NGV buses procurement
26 Dec 2018 13:03   Notification of progress for the 3rd batch buses delivery regarding BMTA's contract for NGV buses
24 Dec 2018 07:33   New shares of CHO to be traded on December 25, 2018
20 Dec 2018 13:07   Details of the offer for sale of newly-issued ordinary shares to Mr.Papinwit Cherngchavano which is a specific investor (Edit)
19 Dec 2018 18:08   Report on the results of sale of common shares offered to private placement (F53-5)
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Company Profile
Address 265 Moo 4 Klang Muang Road, Muangkhao, Muang Khon Kaen 40000
Telephone 0-4304-3888
Fax 0-4304-3899
URL www.cho.co.th
  Annual Report 2017
Establish Date 18/11/1994 Listed Date 13/05/2013
IPO Price (Baht) 1.80 @Par0.25 Baht
IPO Financial Advisory
  • ASSET PRO MANAGEMENT COMPANY LIMITED
  • Par 0.25 Baht
    Last Par Change N/A

    Market/Industry/Sector Change
    Effective Date 05/01/2015
    Previous Market/Industry/Sector mai  / MAI Industry / Medium-Sized Enterprise
    Current Market/Industry/Sector mai  / Industrial / Industrial

    Business
    Design, inventing and manufacturing commercial automotive engineering systems including rail technology and defense industry products for example trucks, trailers, buses, catering trucks, trains, fire rescue vehicles, armored vehicle, troop carriers and battle ships.

    Free Float 12 Mar 2018 14 Mar 2017
    % /Shareholders
    50.32% 5,779 46.46% 7,229
    Foreign Shareholders 3.54% (As of 18/01/2019) Foreign Limit 49.00%
    NVDR Shareholders  3.98% (As of 18/01/2019)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Industry (%) Compare to Market (%)
    5 Days 4.51 8.13 5.78
    20 Days -4.14 2.63 -0.79
    60 Days 18.80 42.67 43.24
    120 Days 23.01 44.46 47.12
    YTD 4.51 9.32 4.17
    P/E (X) 17.33 17.51 44.72
    P/BV (X) 2.37 1.48 1.84
    Turnover Ratio (%) 0.39 0.58 0.20

    Top 10 Major Shareholders(@12 Mar 2018) Share %
    1. นาย สุรเดช ทวีแสงสกุลไทย 447,619,730 37.40
    2. นาง วาสนา ทวีแสงสกุลไทย 68,640,000 5.73
    3. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 52,172,635 4.36
    4. น.ส. อัศนา ทวีแสงสกุลไทย 39,344,360 3.29
    5. นาย ทนง สุวจนกร 34,000,000 2.84
    6. นาย พุฒิพัฒน์ เวศย์วรุตม์ 25,991,975 2.17
    7. นาย สุรพล ทวีแสงสกุลไทย 22,336,000 1.87
    8. นาย ศิริชัย คูอนันต์กุล 13,607,800 1.14
    9. นาย กิติเมศวร์ เวศย์วรุตม์ 11,426,900 0.95
    10. MACQUARIE BANK LIMITED SYDNEY-DBU 9,759,600 0.82

    Management Position
    1. Mrs. PHENPHIMOL VEJVARUT CHAIRMAN
    2. Mr. SURADECH TAWEESAENGSAKULTHAI CHAIRMAN OF EXECUTIVE COMMITTEE / PRESIDENT / DIRECTOR
    3. Miss ASANA TAWEESANGSAKULTHAI DIRECTOR
    4. Mr. SIRIWAT TAVEESANGSKULTHAI DIRECTOR
    5. Mr. ANUSORN TAMAJAI INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    6. Mr. ASA PRATEEPASEN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    7. Mr. CHATCHAWAN TRIAMVICHARNKUL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    18 Jan 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 1,308.89  1,308.89  1,182.94 
    Market Cap (MB.) 1,819.35  1,740.82  2,070.15 
    Price (B./share) 1.39  1.33  1.75 
    BVPS (B./Share) 0.64  0.64  0.54 
    P/BV (X) 2.37  2.27  3.23 
    P/E (X) 17.33  16.58  N/A 
    Turnover Ratio (%) 2.39  80.59  98.79 
    Value Trade/Day (MB.) 3.34  6.69  8.66 
    Beta 0.61  0.54  0.74 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) 4.51  -24.00  -0.57 
    Dividend Yield (%) N/A  N/A  N/A 
    Payout Ratio N/A 
    Dividend Policy Not less than 40 percent of the net profits after the deduction of corporate income taxes and legal reserves as stated in the Articles of Association of the Company (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    - 10.00 : 1.00 Share 19 May 2016 Stock
    - 0.0058 Baht 19 May 2016 Cash
     
    Auditor
    (Effective Until 31/12/2018)
    MR. SUDWIN PANYUWONGKHANTI/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MRS. ANUTAI POOMSURAKUL/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. VICHIEN KHINGMONTRI/PRICEWATERHOUSE COOPERS ABAS LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Cash 0.87 2.26 2.61 43.86 49.30
    A/R Net 1,778.73 828.23 766.85 373.64 468.38
    Inventories 585.96 373.99 360.13 335.11 296.92
    Current Assets 2,456.60 1,250.48 1,177.73 775.43 834.88
    PP&E Net 1,056.36 823.62 976.60 771.20 663.71
    Total Assets 3,928.18 2,241.17 2,328.28 1,710.36 1,619.38
    OD 991.05 952.80 966.17 358.58 729.56
    A/P Net 868.80 236.86 328.18 280.11 110.22
    Current portion of LT 300.79 11.70 310.97 11.06 10.89
    Current Liabilities 2,856.38 1,256.31 1,622.31 678.03 862.42
    Non-Current Liabilities 304.86 343.97 43.67 351.33 59.96
    Total Liabilities 3,161.23 1,600.28 1,665.99 1,029.36 922.38
    Authorized Capital 460.28 295.74 295.74 296.97 270.00
    Paid-Up Capital 299.24 295.74 295.74 295.74 206.13
    Premium (Discount) on Share Capital 393.37 375.90 375.90 375.90 317.33
    Other Surplus (Deficit) 23.38 23.38 23.38 23.38 23.38
    Retained Earnings (Deficit) 50.96 -54.14 -32.73 -14.02 105.48
    Treasury Stock - - - - -
    Shareholders' Equity 766.94 640.88 662.29 681.00 697.00
    Minority Interest 0.00 0.00 0.00 0.00 0.00
    more
    Statement of Comprehensive Income (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Sales 1,962.64 1,157.55 1,585.90 1,058.24 1,142.63
    Other Income 16.27 12.25 13.62 21.60 19.16
    Total Revenues 1,978.91 1,169.79 1,599.53 1,079.84 1,161.79
    COGs 1,637.08 1,039.39 1,394.86 917.50 892.43
    SG&A 153.59 136.86 173.65 216.04 195.07
    Total Expenses 1,790.99 1,176.72 1,569.15 1,133.72 1,087.69
    EBITDA 228.21 31.48 81.85 -14.95 106.14
    Depre. & Amor. 40.29 38.40 51.47 38.93 32.04
    EBIT 187.92 -6.92 30.38 -53.88 74.10
    Net Profit 83.18 -41.28 -19.50 -91.29 35.74
    EPS (B.) 0.07 -0.03 -0.02 -0.09 0.04
    more
    Statement of Cash Flow (MB.) 9M/2018 
    (01/01/18 
    -30/09/18) 
    9M/2017 
    (01/01/17 
    -30/09/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow -826.34 -534.24 -456.69 207.88 -36.23
    Investing Cash Flow -137.62 -91.65 -175.42 -180.34 -359.58
    Financing Cash Flow 962.22 584.29 590.85 -32.98 421.41
    Net Cash Flow -1.74 -41.60 -41.25 -5.44 25.60
    more
    Annualized: ROE, ROA
    Ratios 9M/2018  9M/2017  2017  2016 
    Current Ratio (X) 0.86 1.00 0.73 1.14
    ROE (%) 14.91 -14.01 -2.90 -13.25
    ROA (%) 7.30 -2.07 1.50 -3.24
    D/E (X) 4.12 2.50 2.52 1.51
    Total Asset Turnover (X) 0.78 0.78 0.79 0.65
    Gross Profit Margin (%) 16.59 10.21 12.05 13.30
    EBIT Margin (%) 9.50 -0.59 1.90 -4.99
    Net Profit Margin (%) 4.20 -3.53 -1.22 -8.45

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    19 Dec 2018 PP 30,000,000 1,308,886,517 0.25
    13 Dec 2018 PP 69,944,744 1,278,886,517 0.25
    26 Nov 2018 PP 12,000,000 1,208,941,773 0.25
    02 Mar 2018 PP 10,000,000 1,196,941,773 0.25
    05 Feb 2018 PP 2,000,000 1,186,941,773 0.25
    25 Jan 2018 PP 2,000,000 1,184,941,773 0.25
    17 May 2016 XD 91,643,225 1,009,988,125 0.25

    Growth Rate (%) 9M/2018  9M/2017  2017  2016 
    Sales Growth 69.55 75.74 49.86 -7.39
    COGs Growth 57.50 94.17 52.03 2.81
    Total Revenue Growth 69.17 73.31 48.13 -7.05
    Total Expense Growth 52.20 69.54 38.41 4.23
    Net Profit Growth N/A N/A N/A N/A

    Annualized
    Cash Cycle 9M/2018  9M/2017  2017  2016 
    A/R Turnover (Times) 1.83 3.01 2.78 2.51
    Avg. Collection Period (Days) 198.98 121.28 131.24 145.21
    Inventory Turnover (Times) 4.15 2.71 4.01 2.90
    Avg. Inventory Period (Days) 87.92 134.76 90.96 125.72
    A/P Turnover (Times) 3.60 8.17 4.59 4.70
    Avg. Payment Period (Days) 101.27 44.67 79.59 77.64
    Cash Cycle (Days) 185.64 211.37 142.62 193.29


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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.
      -
     
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