Company Summary
ASIAN ASIAN SEA CORPORATION PUBLIC COMPANY LIMITED
Agro & Food Industry/Food & Beverage
sSET / SETTHSI
CG Report:   
 
  Data as of 05 Jul 2022  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
16.30 22.90 / 14.30 12.31 3.09 814.09 13,269.63 16,579.54 387.14 10.56
News
Date/Time Subject
04 Jul 2022 17:00   Resignation of Director
09 May 2022 17:55   Financial Statement Quarter 1/2022 (Reviewed)
09 May 2022 17:55   Financial Performance Quarter 1 (F45) (Reviewed)
09 May 2022 17:54   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
29 Apr 2022 12:30   Revised - Form to Report on Names of Members and Scope of Work of the Audit Committee
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Company Profile
Address 55/2 MOO 2 RAMA II ROAD, TAMBOL BANGKRAJAO, AMPHOE MUEANG Samut Sakhon 74000
Telephone 0-3482-2204-7, 0-3482-2700-6
Fax 0-3482-2407, 0-3482-2698-9, 0-3482-2706
URL http://www.asianseafoods.co.th
  Annual Report 2021
Establish Date 27/09/1982 Listed Date 05/07/1994
IPO Price (Baht) 115.00 @Par10.00 Baht
IPO Financial Advisory
  • FIRST ASIA SECURITIES PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change Old 5.00 : New 1.00 @ 06/02/2002

    Market/Industry/Sector Change
    Effective Date 02/07/2015
    Previous Market/Industry/Sector SET  / Agro & Food Industry / Agribusiness
    Current Market/Industry/Sector SET  / Agro & Food Industry / Food & Beverage

    Business
    Engages in distribution and exports of processed frozen seafood under its own brands and OEM brand

    Free Float 07 Mar 2022 11 Mar 2021
    % /Shareholders
    38.42% 10,334 37.31% 4,404
    Foreign Shareholders 6.25% (As of 05/07/2022) Foreign Limit 20.00%
    NVDR Shareholders  3.10% (As of 05/07/2022)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -6.32 -2.67 -3.09
    20 Days -2.40 1.18 4.34
    60 Days 5.16 7.67 16.07
    120 Days -8.94 -4.18 -0.93
    YTD -8.94 -5.84 -2.07
    P/E (X) 12.31 36.52 18.13
    P/BV (X) 3.09 1.93 1.62
    Turnover Ratio (%) 1.79 0.54 1.01

    Top 10 Major Shareholders(@03 May 2022) Share %
    1. นาย สมศักดิ์ อมรรัตนชัยกุล 410,532,506 50.43
    2. นาย สมชาย อมรรัตนชัยกุล 90,772,500 11.15
    3. MISS SIRIPAT AMORNRATTANACHAIKUL 20,842,601 2.56
    4. บริษัท Thai NVDR Company Limited 19,755,450 2.43
    5. MISS JIRANYA AMORNRATTANACHAIKUL 19,091,175 2.35
    6. NORTRUST NOMINEES LIMITED-THE NORTHERN TRUST COMPANY RE IEDU UCITS CLIENTS 10 PCT ACCOUNT 12,691,500 1.56
    7. BBHISL NOMINEES LIMITED 11,288,400 1.39
    8. BBHISL NOMINEES LIMITED 9,238,400 1.13
    9. นาย สมเกียรติ ลิมทรง 4,865,700 0.60
    10. ALLIANZ AYUDHYA ASSURANCE PUBLIC COMPANY LIMITED 4,000,000 0.49

    Management Position
    1. Mr. SURIYA PRASATBUNTITYA CHAIRMAN OF THE BOARD OF DIRECTORS
    2. Mr. SOMSAK AMORNRATTANACHAIKUL CHIEF EXECUTIVE OFFICER / DIRECTOR
    3. Mrs. SUREE JANSAWAT MANAGING DIRECTOR / DIRECTOR
    4. Mr. SOMCHAI AMORNRATTANACHAIKUL DIRECTOR
    5. Miss PRAPA PURANACHOTE DIRECTOR
    6. Mrs. SUNANTA TIASUWAN INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    7. Mrs. YAOWANEE KRUO-ONGARJNUKOOL INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    8. Mr. KEERIN CHUTUMSTID INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    05 Jul 2022
    2021
    30 Dec 2021
    2020
    30 Dec 2020
    Listed share (M.) 814.09  814.09  542.73 
    Market Cap (MB.) 13,269.63  14,572.17  5,318.73 
    Price (B./share) 16.30  17.90  6.53 
    BVPS (B./Share) 5.27  4.65  6.06 
    P/BV (X) 3.09  3.85  1.62 
    P/E (X) 12.31  14.72  8.52 
    Turnover Ratio (%) 98.13  473.85  612.89 
    Value Trade/Day (MB.) 110.74  224.65  140.68 
    Beta 0.85  0.63  0.79 
     
    Rate of Return YTD  2021  2020 
    Price Change (%) -8.94  173.97  130.05 
    Dividend Yield (%) 3.99  2.05  2.04 
    Payout Ratio 0.49  0.51  0.17 
    Dividend Policy At least 50% of net profit after tax and legal reserve (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jul 2021 - 31 Dec 2021 0.40 Baht 18 May 2022 Cash
    01 Jan 2021 - 30 Jun 2021 0.25 Baht 09 Sep 2021 Cash
    - 2.00 : 1.00 Share 17 May 2021 Stock
    - 0.55 Baht 17 May 2021 Cash
    - 0.20 Baht 22 May 2020 Cash
     
    Auditor
    (Effective Until 31/12/2022)
    MRS. POONNARD PAOCHAROEN/EY OFFICE LIMITED
    Miss MANEE RATTANABUNNAKIT/EY OFFICE LIMITED
    Miss VILAILAK LAOHASRISAKUL/EY OFFICE LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion
    Financial Data
    Statement of Financial Position (MB.) 3M/2022 
    (01/01/22 
    -31/03/22) 
    3M/2021 
    (01/01/21 
    -31/03/21) 
    2021 
    (01/01/21 
    -31/12/21) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Cash And Cash Equivalents 120.42 136.26 88.66 207.40 102.88
    A/R Net 1,504.71 1,183.37 1,166.54 986.21 822.87
    Inventories 2,598.95 2,259.09 2,690.96 1,915.91 1,738.26
    Current Assets 4,367.51 3,677.03 4,059.66 3,178.46 2,718.35
    PP&E Net 3,070.62 2,792.73 2,994.55 2,808.39 2,844.68
    Non-Current Assets 3,354.79 3,073.92 3,295.04 3,053.35 3,103.86
    Total Assets 7,722.31 6,750.95 7,354.70 6,231.81 5,822.21
    OD 1,135.84 873.81 916.41 573.48 333.44
    A/P Net 818.19 738.84 783.96 669.96 610.21
    Current portion of LT 378.56 668.27 508.49 638.27 618.27
    Current Liabilities 2,486.67 2,318.11 2,316.20 1,925.07 1,589.78
    Non-Current Liabilities 943.66 717.89 994.50 808.81 1,422.16
    Total Liabilities 3,430.33 3,036.00 3,310.70 2,733.88 3,011.94
    Authorized Capital 814.09 542.73 814.09 542.73 542.73
    Paid-Up Capital 814.09 542.73 814.09 542.73 542.73
    Premium (Discount) on Share Capital 552.81 552.81 552.81 552.81 552.81
    Retained Earnings (Deficit) 2,444.97 2,148.50 2,196.35 1,933.66 1,251.07
    Treasury Stock - - - - -
    Shares Of The Company Held By Subsidiaries - - - - -
    Other Components Of Equity 480.10 470.90 480.74 468.72 463.66
     - Surplus (Deficits) - - - - -
    Shareholders' Equity 4,291.97 3,714.95 4,043.99 3,497.93 2,810.27
    Minority Interest - - - - -
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    Statement of Comprehensive Income (MB.) 3M/2022 
    (01/01/22 
    -31/03/22) 
    3M/2021 
    (01/01/21 
    -31/03/21) 
    2021 
    (01/01/21 
    -31/12/21) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Revenue From Operations 2,837.42 2,095.28 9,488.19 8,645.25 8,194.03
    Other Income 37.18 36.46 98.90 176.00 136.79
    Total Revenues 2,877.12 2,132.81 9,593.14 8,827.08 8,330.82
    Costs 2,360.47 1,740.39 7,604.88 7,252.37 7,541.78
    Selling And Administrative Expenses 199.47 153.45 766.05 642.70 540.07
    Total Cost And Expenses 2,559.93 1,893.84 8,370.92 7,895.07 8,081.85
    EBITDA 387.14 296.93 1,479.49 1,177.03 448.53
    Depre. & Amor. 68.18 59.37 259.12 247.96 207.46
    EBIT 318.97 237.56 1,220.36 929.07 241.07
    Net Profit : Owners Of The Parent 248.35 214.84 1,044.32 818.06 132.70
    EPS (B.) 0.31 0.26 1.28 1.51 0.24
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    Statement of Cash Flow (MB.) 3M/2022 
    (01/01/22 
    -31/03/22) 
    3M/2021 
    (01/01/21 
    -31/03/21) 
    2021 
    (01/01/21 
    -31/12/21) 
    2020 
    (01/01/20 
    -31/12/20) 
    2019 
    (01/01/19 
    -31/12/19) 
    Accounting Type Consolidate Consolidate Consolidate Consolidate Consolidate
    Operating Cash Flow 145.87 -216.31 488.98 837.50 1,110.70
    Investing Cash Flow -150.08 -86.64 -474.94 -234.33 -299.53
    Financing Cash Flow 36.44 230.84 -135.76 -502.09 -801.85
    Net Cash Flow 32.23 -72.11 -121.73 101.09 9.31
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    Annualized: ROE, ROA
    Ratios 3M/2022  3M/2021  2021  2020 
    Current Ratio (X) 1.76 1.59 1.75 1.65
    ROE (%) 26.92 28.09 27.69 25.94
    ROA (%) 17.99 15.92 17.96 15.42
    D/E (X) 0.80 0.82 0.82 0.78
    Total Asset Turnover (X) 1.43 1.38 1.41 1.46
    Gross Profit Margin (%) 16.81 16.94 19.85 16.11
    EBIT Margin (%) 11.09 11.14 12.72 10.53
    Net Profit Margin (%) 8.63 10.07 10.89 9.27

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    17 May 2021 XD 271,360,010 814,087,559 1.00

    Growth Rate (%) 3M/2022  3M/2021  2021  2020 
    Sales Growth 35.42 5.48 9.75 5.51
    COGs Growth 35.63 2.37 4.86 -3.84
    Total Revenue Growth 34.90 6.12 8.68 5.96
    Total Expense Growth 35.17 1.14 6.03 -2.31
    Net Profit Growth 15.60 105.00 27.66 516.48

    Annualized
    Cash Cycle 3M/2022  3M/2021  2021  2020 
    A/R Turnover (Times) 7.61 7.66 8.81 9.56
    Avg. Collection Period (Days) 47.95 47.64 41.41 38.19
    Inventory Turnover (Times) 3.39 3.59 3.30 3.97
    Avg. Inventory Period (Days) 107.79 101.57 110.55 91.95
    A/P Turnover (Times) 10.56 10.63 10.46 11.33
    Avg. Payment Period (Days) 34.55 34.33 34.89 32.21
    Cash Cycle (Days) 121.20 114.89 117.07 97.93


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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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