Company Summary
TWPC THAI WAH PUBLIC COMPANY LIMITED
Agro & Food Industry/Agribusiness
sSET
CG Report:   
 
  Data as of 19 Jan 2021  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
4.40 4.68 / 2.70 61.12 0.79 880.42 3,873.85 5,876.76 426.94 10.16
News
Date/Time Subject
04 Jan 2021 17:41   Resignation of the Company's Director
01 Dec 2020 13:10   The rights of shareholders to propose agenda items in advance for the 2021 Annual General Meeting ("AGM")
25 Nov 2020 17:10   The Company's Holidays for the Year 2021
11 Nov 2020 18:38   Management Discussion and Analysis Quarter 3 Ending 30 Sep 2020
11 Nov 2020 18:37   Financial Statement Quarter 3/2020 (Reviewed)
more

Company Profile
Address No. 21/11, 21/13 Thai Wah Tower 1, 6th floor, South Sathorn Road, Tungmahamek, Sathorn Bangkok 10120
Telephone 0-2285-0040
Fax 0-2285-0268
URL www.thaiwah.com
  Annual Report 2019
Establish Date 1/10/2015 Listed Date 01/10/2015
IPO Price (Baht) N/A
IPO Financial Advisory
  • ASIA PLUS ADVISORY COMPANY LIMITED
    		•
    Par 1.00 Baht
    Last Par Change N/A

    Business
    The core business of the Company is divided into two main categories: 1) manufacture of tapioca products 2) manufacture of vermicelli and noodle products for local and international distribution.

    Free Float 13 Mar 2020 08 Mar 2019
    % /Shareholders
    50.26% 2,681 51.42% 2,695
    Foreign Shareholders 41.13% (As of 19/01/2021) Foreign Limit 49.00%
    NVDR Shareholders  4.57% (As of 19/01/2021)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 5.26 0.17 6.46
    20 Days 6.80 -5.34 3.98
    60 Days 30.95 19.07 3.96
    120 Days 7.32 -5.48 -4.17
    YTD 13.99 1.61 8.51
    P/E (X) 61.12 17.36 30.41
    P/BV (X) 0.79 1.34 1.72
    Turnover Ratio (%) 0.93 0.30 1.26

    Top 10 Major Shareholders(@08 May 2020) Share %
    1. CHANG FUNG COMPANY LIMITED 89,093,634 10.12
    2. บริษัท ลากูน่า รีสอร์ท แอนด์ โฮเท็ล จำกัด (มหาชน) 88,347,051 10.03
    3. CREDIT SUISSE AG, SINGAPORE BRANCH 61,245,753 6.96
    4. บริษัท Thai NVDR Company Limited 38,561,988 4.38
    5. BUALUANG BASIC DIVIDEND LTF 37,260,200 4.23
    6. CO.,LTD. 34,708,545 3.94
    7. LI-HO HOLDINGS (PRIVATE) LIMITED 29,339,371 3.33
    8. DEUTSCHE BANK AG, SINGAPORE (DCS) A/C PANGOLIN ASIA FUND 28,362,116 3.22
    9. MR. HO KWONPING 25,839,008 2.93
    10. MR. HO KWONCJAN 17,367,498 1.97

    Management Position
    1. Mr. KWONPING HO CHAIRMAN OF THE BOARD
    2. Mr. REN HUA HO CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mr. SRETSEI SAITTAGAROON DEPUTY CHAIRMAN OF THE BOARD
    4. Mr. UMNAD SUKPRASONGPHOL MANAGING DIRECTOR / DIRECTOR
    5. Mr. PRATEEP LERTVATANAKIJKUL MANAGING DIRECTOR / DIRECTOR
    6. Mr. KWONCJAN HO DIRECTOR
    7. Mr. ARIEL P VERA DIRECTOR
    8. Mr. SHANKAR CHANDRAN DIRECTOR
    9. Mrs. REN YUNG HO DIRECTOR
    10. Mr. VUDHIPHOL SURIYABHIVADH INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    11. Mr. JINGJAI HANCHANLASH INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    12. Mr. CHANIN ARCHJANANUN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    13. Mr. SUBHAK SIWARAKSA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    14. Miss PARNSIREE AMATAYAKUL INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    19 Jan 2021    		 2020
    30 Dec 2020    		 2019
    30 Dec 2019
    Listed share (M.) 880.42  880.42  880.42 
    Market Cap (MB.) 3,873.85  3,398.42  3,680.16 
    Price (B./share) 4.40  3.86  4.18 
    BVPS (B./Share) 5.59  5.59  5.73 
    P/BV (X) 0.79  0.69  0.73 
    P/E (X) 61.12  53.62  30.56 
    Turnover Ratio (%) 3.14  41.01  6.26 
    Value Trade/Day (MB.) 9.78  5.41  1.35 
    Beta 0.45  0.44  0.42 
     
    Rate of Return YTD  2020  2019 
    Price Change (%) 13.99  -7.66  -49.64 
    Dividend Yield (%) 3.05  3.47  7.66 
    Payout Ratio 1.86  1.86  2.34 
    Dividend Policy To maximize shareholder value and encourage shareholder loyalty with predictable annual growth in dividend payout which is not impacted by profit volatility (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    - 0.134 Baht 25 May 2020 Cash
    - 0.32 Baht 24 May 2019 Cash
    - 0.32 Baht 25 May 2018 Cash
     
    Auditor
    (Effective Until 31/12/2020)
    MR. SOPHON PERMSIRIVALLOP/EY OFFICE LIMITED
    MISS RUNGNAPA LERTSUWANKUL/EY OFFICE LIMITED
    MISS PIMJAI MANITKAJOHNKIT/EY OFFICE LIMITED
    MISS ROSAPORN DECHARKOM/EY OFFICE LIMITED
    MISS SUMANA PUNPONGSANON/EY OFFICE LIMITED
    		F/S Year ended 31/12
    Latest Type of Report Unqualified opinion with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 9M/2020 
    (01/01/20 
    -30/09/20)     		 9M/2019 
    (01/01/19 
    -30/09/19)     		 2019 
    (01/01/19 
    -31/12/19)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17) 
    Cash 919.54 568.36 857.16 678.62 827.07
    A/R Net 530.98 669.60 723.74 729.70 740.42
    Inventories 1,074.44 1,062.41 1,147.35 987.77 839.81
    Current Assets 3,126.70 3,070.97 3,242.83 3,157.83 3,148.04
    PP&E Net 3,593.78 3,640.14 3,640.09 2,827.66 2,561.42
    Total Assets 7,848.27 7,744.85 7,868.57 7,072.58 7,116.48
    OD 70.00 161.27 275.94 220.00 155.95
    A/P Net 389.81 499.27 539.09 492.99 529.76
    Current portion of LT 89.47 64.30 64.59 4.07 34.18
    Current Liabilities 655.78 814.06 986.85 794.08 808.47
    Non-Current Liabilities 1,947.70 1,615.27 1,586.32 412.35 401.90
    Total Liabilities 2,603.48 2,429.34 2,573.18 1,206.44 1,210.37
    Authorized Capital 880.42 880.42 880.42 880.42 880.42
    Paid-Up Capital 880.42 880.42 880.42 880.42 880.42
    Premium (Discount) on Share Capital 300.74 300.74 300.74 300.74 300.74
    Other Surplus (Deficit) 831.75 831.75 831.75 764.87 764.87
    Retained Earnings (Deficit) 3,126.99 3,210.02 3,215.69 3,457.81 3,542.67
    Treasury Stock - - - - -
    Shareholders' Equity 4,925.82 5,042.97 5,020.83 5,304.23 5,346.33
    Minority Interest 318.96 272.54 274.56 561.91 559.78
    more
    Statement of Comprehensive Income (MB.) 9M/2020 
    (01/01/20 
    -30/09/20)     		 9M/2019 
    (01/01/19 
    -30/09/19)     		 2019 
    (01/01/19 
    -31/12/19)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17) 
    Sales 5,003.09 5,457.44 7,323.00 7,247.86 6,265.08
    Other Income 95.26 48.51 100.82 80.96 206.85
    Total Revenues 5,098.35 5,505.95 7,423.83 7,328.83 6,475.24
    COGs 4,198.79 4,571.92 6,133.45 6,063.24 4,881.67
    SG&A 810.36 810.59 1,112.50 966.62 938.07
    Total Expenses 5,012.78 5,386.42 7,250.49 7,049.20 5,819.74
    EBITDA 426.94 375.33 526.64 559.16 855.17
    Depre. & Amor. 341.37 255.80 353.30 279.53 199.67
    EBIT 85.57 119.53 173.34 279.63 655.50
    Net Profit 29.28 33.93 68.04 196.86 492.91
    EPS (B.) 0.03 0.04 0.08 0.22 0.56
    more
    Statement of Cash Flow (MB.) 9M/2020 
    (01/01/20 
    -30/09/20)     		 9M/2019 
    (01/01/19 
    -30/09/19)     		 2019 
    (01/01/19 
    -31/12/19)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17) 
    Operating Cash Flow 562.55 373.28 466.01 205.21 654.63
    Investing Cash Flow -265.26 -1,293.81 -1,156.62 -56.96 84.40
    Financing Cash Flow -250.18 853.58 928.35 -271.24 -185.66
    Net Cash Flow 47.11 -66.94 237.74 -122.99 553.37
    more
    Annualized: ROE, ROA
    Ratios 9M/2020  9M/2019  2019  2018 
    Current Ratio (X) 4.77 3.77 3.29 3.98
    ROE (%) 1.27 2.35 1.32 3.70
    ROA (%) 1.79 3.36 2.32 3.94
    D/E (X) 0.53 0.48 0.51 0.23
    Total Asset Turnover (X) 0.90 1.05 0.99 1.03
    Gross Profit Margin (%) 16.08 16.23 16.24 16.34
    EBIT Margin (%) 1.68 2.17 2.33 3.82
    Net Profit Margin (%) 0.57 0.62 0.92 2.69

    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 (%) 9M/2020  9M/2019  2019  2018 
    Sales Growth -8.33 7.02 1.04 15.69
    COGs Growth -8.16 6.73 1.16 24.20
    Total Revenue Growth -7.40 6.70 1.30 13.18
    Total Expense Growth -6.94 7.59 2.86 21.13
    Net Profit Growth -13.72 -69.26 -65.44 -60.06

    Annualized
    Cash Cycle 9M/2020  9M/2019  2019  2018 
    A/R Turnover (Times) 11.44 11.28 10.08 9.86
    Avg. Collection Period (Days) 31.90 32.35 36.22 37.02
    Inventory Turnover (Times) 5.39 6.49 5.75 6.64
    Avg. Inventory Period (Days) 67.70 56.28 63.53 55.01
    A/P Turnover (Times) 12.96 14.16 11.89 11.86
    Avg. Payment Period (Days) 28.17 25.78 30.71 30.78
    Cash Cycle (Days) 71.43 62.85 69.04 61.24


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    No Information Found

    Market Alert (Latest)
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    Only Preferred Share and Warrants
    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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