End-of-day quote
Thailand S.E.
06:00:00 2024-06-11 pm EDT
5-day change
1st Jan Change
7.6
THB
-3.80%
-7.88%
+18.75%
Thoresen Thai Agencies : Factsheet 1Q/2024
May 16, 2024 at 12:16 am EDT
1Q/2024 Investor Factsheet
Thoresen Thai Agencies Public Company Limited, or TTA, is a strategic investment holding company that is listed on the Stock Exchange of Thailand, with an investment policy to achieve growth through a balanced portfolio that is diversified both locally and internationally. Included in its current business portfolio are Shipping, Offshore Service, Agrochemical, Food & Beverage, and Investment segments.
Food & Beverage
186 Pizza Hut Outlets
26 Taco Bell Outlets
Agrochemical
High Quality Fertilizer
Pesticide
Wearhouse
Thoresen Thai Agencies Public Company Limited
Port management
Water Management
Investment • Transportation
Warehouse and Logistics
Others
9%
6%
Shipping
26%
24 Vessels
Dry Bulk Shipping
11% Revenues
6,523
MB
SnapShot
Symbol
:
TTA:TB | TTA:BK
Market
:
SET, THSI
Industry/ Sector
:
Services/ Transportation
& Logistics
First Trade Date
:
25 Sep 1995
CG Score
:
Excellent (5 stars)
Thai CAC
:
Certified
Share Outstanding
:
1,822,464,564 Shares
(Par at Baht 1.00 per
share)
Share Price Performance
1800
15
1700
13
11
1600
9
1500
6.3
7
1400
5
3
1300
1367.95
1
1200
-1
Jan-23Feb-23Mar-23Apr-23May-23Jun-23Jul-23Aug-23Sep-23Oct-23
Nov-23Dec-23Jan-24Feb-24Mar-24Apr-24May-24
SET
TTA
48%
Offshore Service
7 Performing Vessels
1Q/24
•
Subsea IRM
•
Cable Laying
•
Decommissioning and
Transportation &
Installation
Accreditation
The world's top 5 for Time
Charter Earning (TCE) performance 2018 - 2023
BBB+
THORESEN THAI AGENCIES PUBLIC COMPANY LIMITED
26/26-27 Orakarn Building, 8 th Floor, Soi Chidlom, Ploenchit Road, Kwaeng Lumpinee, Khet Pathumwan, Bangkok 10330 Thailand
Tel: +66 (0) 2250 0569, +66 (0) 2254-8437 | Fax: +66 (0) 2655 5631 Website : http://www.thoresen.com
Please contact IR for more information:
+66 (0) 2254 8437 Ext. 315, 207 and 127
Investors@thoresen.com
Note: (1)
FINANCIAL HIGHLIGHTS
Revenues
EBITDA (2)
Statement of Financial Position
Unit : Million Baht
+37%YoY
EBITDA
Margin
48,983
42,973
48,983
19%
42,973
Other
-2%QoQ
18%
Cash under
Liabilities
12%
+112%YoY
Management(3)
Interest Bearing
+7%QoQ
Other Current
Debts
6,641
6,523
Assets
4,766
1,176
1,255
Tangible
592
Total Equity
Assets(4)
1Q/23
4Q/23
1Q/24
1Q/23
4Q/23
1Q/24
Other Non-
Gross Profit (1)
Net Profits/(Losses) to TTA
Current Assets
Dec 31, 2023 Mar 31, 2024
Dec 31, 2023
Mar 31, 2024
Gross Profits/(Losses)
GPM
Net Profits/(Losses) to TTA
NPM
Shareholding Structure
27%
26%
17%
As of 30 April 2024
23%
5%
+61%YoY
0%
+419%YoY
+2%QoQ
+43,857%QoQ
1,720
1,758
1,094
1,116
215
(3)
1Q/23
4Q/23
1Q/24
1Q/23
4Q/23
1Q/24
Including amortization of vessel drydocking but excluding depreciation and other amortization
Earnings before interest, tax, depreciation, and amortization (excluding extraordinary items)
Cash, cash equivalents, and other current financial assets
Property, plant, equipment, and investment properties
OPERATIONAL HIGHLIGHTS
Debentures
Issued
M aturity
Issue
C o upo n
T erm
T R IS
S ym bo l
Size
D ate
D ate
(%)
(Yrs)
R ating
(M B )
TTA 252A
11-Nov-21
11-Feb-25
800.0
4.75
3.25
BBB+
TTA265A
11-Nov-21
11-May-26
1,200.0
5.10
4.50
BBB+
TTA260A
19-Jan-23
19-Oct-26
1,698.1
4.40
3.75
BBB+
TTA281A
19-Jan-23
19-Jan-28
2,074.4
4.90
5.00
BBB+
TTA278A
2-Feb-24
02-Aug-27
2,423.7
5.20
3.50
BBB+
TTA262A
2-Feb-24
02-Feb-26
1,076.3
4.60
2.00
BBB+
T o tal o utstandings
9,272 .5
Net Supramax TC rate VS Thoresen TCE Rate
(US$ per day)
Thoresen TCE Rate
Net Supramax TC Rate
14,719
15,932
13,718
13,914
12,143
13,441
12,312
9,662
10,225
9,527
1Q/23 2Q/23 3Q/23 4Q/23 1Q/24
THORESEN THAI AGENCIES PUBLIC COMPANY LIMITED 26/26-27 Orakarn Building, 8 th Floor, Soi Chidlom, Ploenchit Road,
Kwaeng Lumpinee, Khet Pathumwan, Bangkok 10330 Thailand Tel: +66 (0) 2250 0569, +66 (0) 2254-8437 | Fax: +66 (0) 2655 5631
Website : http://www.thoresen.com
Offshore Service Revenues Breakdown by Services (MB)
Total Fertilizer Sales Volume Breakdown (Ktons)
Please contact IR for more information:
2
+66 (0) 2254 8437 Ext. 315, 207 and 127
Page
Investors@thoresen.com
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Disclaimer
Thoresen Thai Agencies pcl published this content on
16 May 2024 and is solely responsible for the information contained therein. Distributed by
Public , unedited and unaltered, on
16 May 2024 04:15:00 UTC .
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Apr. 26
CI
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Mar. 06
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Mar. 01
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Feb. 29
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Nov. 14
CI
EARNINGS AND TRADING: Aptamer revenue falls, loss widens
Nov. 09
AN
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23-10-03
RE
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23-08-10
CI
Thoresen Thai Agencies Public Company Limited Announces Executive Changes
23-07-13
CI
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23-05-15
CI
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23-04-27
CI
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23-03-10
CI
Thoresen Thai Agencies Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2022
23-02-26
CI
Thoresen Thai Agencies Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
22-11-10
CI
Thoresen Thai Agencies Public Company Limited Announces Establishment of A Subsidiary Company
22-08-30
CI
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22-08-15
CI
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22-06-09
CI
Thoresen Thai Agencies Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2022
22-05-11
CI
Thoresen Thai Agencies Public Company Limited Proposes Annual Dividend for the Fiscal Year Ended 31 December 2021, Payable on 13 May 2022
22-03-10
CI
Thoresen Thai Agencies Public Company Limited Announces Changing of Chief Accountant
22-03-10
CI
Thoresen Thai Agencies Public Company Limited Reports Earnings Results for the Full Year Ended December 31, 2021
22-02-28
CI
Thoresen Thai Agencies Public Company Limited Establish Subsidiary Company, P80 Air Ltd
22-02-23
CI
Thoresen Thai Agencies Public Company Limited Establishes New Subsidiary Company
22-01-19
CI
Thoresen Thai Agencies Public Company Limited Announces Establishment of A Subsidiary Company
21-12-22
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
Thoresen Thai Agencies Public Company Limited is a Thailand-based company. The principal operations of the Company and its subsidiaries involve the ownership of dry bulk vessels, certain shipping services, offshore services related to oil and gas, the production and sales of fertilizers, coal trading, warehouse and logistics services, and food and beverage. Its segments include shipping, offshore service, agrochemical, investment, and food and beverage. It provides deep-sea transportation services to customers around the world, hauling a range of dry bulk and break-bulk commodities, such as mineral ore, agriculture products, construction materials, and steel products, through Thoresen Shipping Singapore Pte. Ltd. It provides offshore services to the oil and gas industry, particularly subsea engineering, through Mermaid Maritime Public Company Limited. It is a Vietnamese fertilizer producer and factory management service provider through PM Thoresen Asia Holdings Public Company Limited.
More about the company
Average target price
9.125
THB
Spread / Average Target
+20.07%
Consensus
1st Jan change
Capi.
+18.75% 380M +33.45% 12.77B +9.49% 3.93B +9.98% 3.33B +17.97% 2.85B +87.03% 2.22B +19.59% 1.9B -15.77% 1.88B +48.61% 1.85B +24.09% 1.78B
Deep Sea Freight
+951% of historical performance
More than 20 years at your side
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