Company Summary
WHA WHA CORPORATION PUBLIC COMPANY LIMITED
Property & Construction/Property Development
SET50
CG Report:   
 
  Data as of 21 Oct 2020  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
2.50 4.84 / 1.68 15.49 1.30 1,494.68 37,367.09 87,620.06 1,686.56 18.91
News
Date/Time Subject
30 Sep 2020 17:06   Notification of the Dissolution of a Subsidiary
11 Sep 2020 17:00   Issuance of Debentures
27 Aug 2020 12:53   Notification of the Establishment new Company for Joint Venture
11 Aug 2020 20:20   Management Discussion and Analysis Quarter 2 Ending 30 Jun 2020
11 Aug 2020 18:38   Change in CFO / Chief Accounting
more

Company Profile
Address 1121 Moo 3, Theparak Rd., T.Theparak A. Muang Samut Prakarn 10270
Telephone 0-2753-3750
Fax 0-2753-2750
URL www.wha.co.th
  Annual Report 2019
Establish Date 28/2/2003 Listed Date 08/11/2012
IPO Price (Baht) 13.25 @Par1.00 Baht
IPO Financial Advisory
  • KASIKORN SECURITIES PUBLIC COMPANY LIMITED
  • THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED
  • Par 0.10 Baht
    Last Par Change Old 1.00 : New 0.10 @ 06/05/2015

    Business
    The Company is the leader of one-stop service which covers all of customer demands relating to logistics services of which classifies into 4 business hubs i.e. Logistics Hub, Industrial Development Hub, Utilities & Power Hub, and Digital Platform Hub. The Company sets a clear policy to sell its assets into Real-Estate Investment Trust (WHART, HREIT and WHABT), as an additional source of fund for the continuing of the Company?s real estate development. In addition, the Company has been appointed to be the property manager for those real-estate investment trusts and the property funds. Furthermore, the Company has policy to invest in the real-estate business through investment in the real-estate investment trusts and/or the property funds to generate recurring income in the form of dividends.

    Free Float 29 May 2020 11 Mar 2019
    % /Shareholders
    56.78% 36,726 47.67% 24,434
    Foreign Shareholders 19.77% (As of 21/10/2020) Foreign Limit 49.00%
    NVDR Shareholders  3.39% (As of 21/10/2020)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -11.97 -4.48 -8.53
    20 Days -14.38 -5.69 -10.25
    60 Days -25.15 -9.07 -15.27
    120 Days -4.58 12.05 -1.72
    YTD -35.57 -1.29 -16.32
    P/E (X) 15.49 12.11 20.96
    P/BV (X) 1.30 0.96 1.37
    Turnover Ratio (%) 0.64 0.10 0.99

    Top 10 Major Shareholders(@29 May 2020) Share %
    1. MISS JAREEPORN JARUKORNSAKUL 3,234,438,569 21.64
    2. STATE STREET EUROPE LIMITED 1,383,675,991 9.26
    3. MISS CHATCHAMOL ANANTAPRAYOON 1,238,976,105 8.29
    4. น.ส. สุพิชญา พู่พิสุทธิ์ 627,442,254 4.20
    5. MR. Chaiwat Phupisut 626,872,254 4.19
    6. UBS AG SINGAPORE BRANCH 580,851,722 3.89
    7. บริษัท Thai NVDR Company Limited 513,370,693 3.43
    8. บริษัท WHA HOLDING CO., LTD. 493,500,000 3.30
    9. นาย นิติ โอสถานุเคราะห์ 375,238,190 2.51
    10. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 195,721,141 1.31

    Management Position
    1. Miss JAREEPORN JARUKORNSAKUL CHAIRMAN OF THE BOARD OF DIRECTORS / CHAIRMAN OF THE EXECUTIVE COMMITTEE / CHIEF EXECUTIVE OFFICER
    2. Mr. DAVID RICHARD NARDONE VICE CHAIRMAN OF THE BOARD OF DIRECTORS
    3. Mr. JAKRIT CHAISANIT DIRECTOR
    4. Mr. NARONG KRITCHANCHAI DIRECTOR
    5. Mr. SOMSAK BOONCHOYRUENGCHAI DIRECTOR
    6. MR. VIVAT JIRATIKARNSAKUL DIRECTOR
    7. Mr. KRAILUCK ASAWACHATROJ DIRECTOR
    8. Mrs. ANCHALEE CHAVANICH INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    9. Mr. APICHAI BOONTHERAWARA INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    10. Mr. SOMSAK PRATOMSRIMEK INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    11. Mrs. KRITSANA SUKBOONTASATIT INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    12. Lt.Gen. PRACHYA CHALERMWAT INDEPENDENT DIRECTOR
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    21 Oct 2020
    2019
    30 Dec 2019
    2018
    28 Dec 2018
    Listed share (M.) 14,946.83  14,709.10  14,334.27 
    Market Cap (MB.) 37,367.09  57,071.30  61,350.66 
    Price (B./share) 2.50  3.88  4.28 
    BVPS (B./Share) 1.92  2.04  1.79 
    P/BV (X) 1.30  1.90  2.39 
    P/E (X) 15.49  16.36  19.46 
    Turnover Ratio (%) 170.44  132.59  178.01 
    Value Trade/Day (MB.) 375.61  355.90  429.29 
    Beta 1.37  0.92  1.33 
     
    Rate of Return YTD  2019  2018 
    Price Change (%) -35.57  -9.35  7.00 
    Dividend Yield (%) 5.35  2.10  3.26 
    Payout Ratio 0.83  0.69  0.41 
    Dividend Policy At least 40 per cent of the net profit pursuant to the separated financial statement of the Company after the deductions of legal reserves for each year (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2019 - 31 Dec 2019 0.0535 Baht 25 May 2020 Cash
    01 Jan 2019 - 30 Sep 2019 0.0815 Baht 06 Dec 2019 Cash
    01 Jan 2018 - 31 Dec 2018 0.0833 Baht - Cash
    01 Oct 2017 - 31 Dec 2017 0.0907 Baht - Cash
    01 Jan 2017 - 30 Sep 2017 0.0488 Baht 08 Dec 2017 Cash
     
    Auditor
    (Effective Until 31/12/2020)
    MR. CHANCHAI CHAIPRASIT/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. PAIBOON TUNKOON/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. BOONRUENG LERDWISESWIT/PRICEWATERHOUSE COOPERS ABAS LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 6M/2020 
    (01/01/20 
    -30/06/20) 
    6M/2019 
    (01/01/19 
    -30/06/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Cash 3,613.75 3,824.48 2,680.76 3,172.22 1,919.71
    A/R Net 644.83 445.73 920.84 408.67 531.05
    Inventories 12,577.05 13,063.80 12,788.57 13,364.42 13,740.36
    Current Assets 18,825.85 21,135.76 17,361.45 19,015.92 19,366.75
    PP&E Net 6,107.30 4,840.24 5,358.74 4,635.16 4,385.37
    Total Assets 82,539.56 80,002.30 82,263.83 78,344.95 73,618.96
    OD - 2,720.97 - - 1,784.17
    A/P Net 2,936.73 3,756.86 3,361.70 2,776.96 2,590.44
    Current portion of LT 8,708.43 9,616.27 9,659.64 4,505.01 3,058.72
    Current Liabilities 18,639.14 16,417.49 17,837.12 9,245.20 8,007.31
    Non-Current Liabilities 32,340.45 32,322.69 31,326.13 38,085.65 37,078.25
    Total Liabilities 50,979.59 48,740.18 49,163.25 47,330.85 45,085.55
    Authorized Capital 1,567.77 1,567.77 1,567.77 1,567.77 1,567.77
    Paid-Up Capital 1,494.68 1,439.14 1,470.91 1,433.43 1,432.24
    Premium (Discount) on Share Capital 15,266.49 12,666.55 13,933.98 12,438.53 12,391.31
    Other Surplus (Deficit) 172.86 172.86 172.86 172.86 172.86
    Retained Earnings (Deficit) 7,739.39 7,179.30 7,751.25 8,628.17 7,020.75
    Treasury Stock - - - - -
    Shareholders' Equity 28,672.84 27,805.06 29,477.63 27,225.73 25,243.73
    Minority Interest 2,887.13 3,457.06 3,622.95 3,788.36 3,289.67
    more
    Statement of Comprehensive Income (MB.) 6M/2020 
    (01/01/20 
    -30/06/20) 
    6M/2019 
    (01/01/19 
    -30/06/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Sales 2,324.38 5,387.79 10,463.00 8,321.93 9,513.58
    Other Income 587.06 423.96 977.11 757.66 932.89
    Total Revenues 3,250.50 6,877.10 13,385.81 11,622.20 12,409.96
    COGs 1,234.44 3,495.20 6,400.81 4,631.78 5,001.54
    SG&A 615.08 831.19 1,730.84 1,607.76 1,702.41
    Total Expenses 1,849.52 4,326.40 8,131.65 6,239.54 6,703.95
    EBITDA 1,686.56 2,781.03 5,727.74 5,893.52 6,192.75
    Depre. & Amor. 285.58 230.33 473.58 510.86 486.74
    EBIT 1,400.99 2,550.70 5,254.16 5,382.66 5,706.01
    Net Profit 641.32 1,458.52 3,229.25 2,906.81 3,266.43
    EPS (B.) 0.04 0.10 0.22 0.20 0.23
    more
    Statement of Cash Flow (MB.) 6M/2020 
    (01/01/20 
    -30/06/20) 
    6M/2019 
    (01/01/19 
    -30/06/19) 
    2019 
    (01/01/19 
    -31/12/19) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    Operating Cash Flow 1,133.16 892.83 2,047.17 422.66 1,760.63
    Investing Cash Flow -1,087.02 -1,926.55 -4,401.44 354.44 2,144.15
    Financing Cash Flow 884.54 1,709.14 1,915.46 477.53 -4,596.63
    Net Cash Flow 930.68 675.42 -438.82 1,254.64 -691.85
    more
    Annualized: ROE, ROA
    Ratios 6M/2020  6M/2019  2019  2018 
    Current Ratio (X) 1.01 1.29 0.97 2.06
    ROE (%) 8.54 12.42 11.39 11.08
    ROA (%) 5.05 7.08 6.54 7.08
    D/E (X) 1.78 1.75 1.67 1.74
    Total Asset Turnover (X) 0.12 0.17 0.17 0.15
    Gross Profit Margin (%) 46.89 35.13 38.82 44.34
    EBIT Margin (%) 43.10 37.09 39.25 46.31
    Net Profit Margin (%) 19.73 21.21 24.12 25.01

    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/2020  6M/2019  2019  2018 
    Sales Growth -56.86 26.92 25.73 -12.53
    COGs Growth -64.68 46.35 38.19 -7.39
    Total Revenue Growth -52.73 25.71 15.17 -6.35
    Total Expense Growth -57.25 40.17 30.32 -6.93
    Net Profit Growth -56.03 34.68 11.09 -11.01

    Annualized
    Cash Cycle 6M/2020  6M/2019  2019  2018 
    A/R Turnover (Times) 13.57 22.04 15.74 17.71
    Avg. Collection Period (Days) 26.90 16.56 23.19 20.61
    Inventory Turnover (Times) 0.32 0.43 0.49 0.34
    Avg. Inventory Period (Days) 1,130.29 840.85 745.67 1,067.97
    A/P Turnover (Times) 1.24 1.93 2.09 1.73
    Avg. Payment Period (Days) 295.06 188.67 175.03 211.48
    Cash Cycle (Days) 862.12 668.74 593.84 877.10


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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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