Chirasak Ongphaibul - Asia Plus Assistant Managing Director

ASP Stock  THB 2.64  0.02  0.75%   

Managing Director

Mr. Chirasak Ongphaibul serves as Assistant Managing Director in this company. He holds a bachelor of Business Administration from Chulalongkorn University, Thailand. since 2015.
Age 46
Tenure 9 years
Phone66 2 680 1111
Webhttps://www.asiaplusgroup.co.th

Asia Plus Management Efficiency

The company has return on total asset (ROA) of 0.0321 % which means that it generated a profit of $0.0321 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1027 %, meaning that it generated $0.1027 on every $100 dollars invested by stockholders. Asia Plus' management efficiency ratios could be used to measure how well Asia Plus manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 2.07 B in total debt with debt to equity ratio (D/E) of 44.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Asia Plus Group has a current ratio of 1.19, suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due. Debt can assist Asia Plus until it has trouble settling it off, either with new capital or with free cash flow. So, Asia Plus' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Asia Plus Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Asia to invest in growth at high rates of return. When we think about Asia Plus' use of debt, we should always consider it together with cash and equity.
Asia Plus Group Holdings Public Company Limited, together with its subsidiaries, engages in the securities business in Thailand. Asia Plus Group Holdings Public Company Limited was founded in 1974 and is headquartered in Bangkok, Thailand. ASIA PLUS operates under Capital Markets classification in Thailand and is traded on Stock Exchange of Thailand. Asia Plus Group (ASP) is traded on Thailand Exchange in Thailand and employs 28 people.

Management Performance

Asia Plus Group Leadership Team

Elected by the shareholders, the Asia Plus' board of directors comprises two types of representatives: Asia Plus inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Asia. The board's role is to monitor Asia Plus' management team and ensure that shareholders' interests are well served. Asia Plus' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Asia Plus' outside directors are responsible for providing unbiased perspectives on the board's policies.
Pithayain Assavanig, CFO, Head of Fin., Accounting and Planing Division, Member of Investment Committee and Member of Equity Derivatives Committee
Suthirak Hotakasabkun, Managing Director
Patchara Surajaras, COO, Executive Director, Chairman of Credit Committee, Chairman of IT Steering Committee, Chairman of Anti-Money Laundering and Combating the Financing of Terrorism Committee, Member of Executive Committee, Member of Investment Committee, Member of Equity Derivatives Committee and Member of Risk Management Committee
Chirasak Ongphaibul, Assistant Managing Director
Kamollotch Ayudhaya, VP Department
Michael Roberts, Director, Independent Director
Chirasak Ongpaibool, Sr Department
Chali Sophonphanit, Chairman of the Board, Executive Director
Kongkiat Ophatwongkarn, Chairman of the Executive Board, Director
Kongkiat Opaswongkarn, CEO, Executive Director, Chairman of Investment Committee, Chairman of Equity Derivatives Committee, Member of Executive Committee and Member of Nomination Committee
M Sophonpanich, Director and Advisor to the Executive Committee
Phannipha Kunyanon, Deputy Managing Director of Operations
Nawaporn Sukkirdkijpiboon, VP Division
Sopon Boonyaruttapunth, Independent Director
Ninthira Sophonphanit, Director
Naruemon Artamnuaiwiphat, Managing Director
Sathit Charnchaowakun, Independent Director
Wirat Aphimethithamrong, Independent Director
Thipyen Asawanik, CFO
Chali Sophonpanich, Chairman, Member of Executive Committee and Member of Nomination Committee
Sophon Bunyaratphan, Independent Director
Watthana Mueangyom, CEO, Company Secretary
Phityen Asawanik, CFO
Jarunee Chansawang, VP Department
Wimonphan Suwantewarup, Assistant Managing Director
Phatchara Suracharat, Executive Director, Director
Vimolpan Suwantewatoop, Sr Division
Chakkit Yantadilok, Ex 9

Asia Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Asia Plus a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Asia Plus in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Asia Plus' short interest history, or implied volatility extrapolated from Asia Plus options trading.

Pair Trading with Asia Plus

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asia Plus position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asia Plus will appreciate offsetting losses from the drop in the long position's value.

Moving together with Asia Stock

  0.68SCC Siam CementPairCorr

Moving against Asia Stock

  0.46KBANK Kasikornbank PublicPairCorr
The ability to find closely correlated positions to Asia Plus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Plus when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asia Plus - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asia Plus Group to buy it.
The correlation of Asia Plus is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asia Plus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asia Plus Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Asia Plus can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asia Plus Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Asia Stock analysis

When running Asia Plus' price analysis, check to measure Asia Plus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asia Plus is operating at the current time. Most of Asia Plus' value examination focuses on studying past and present price action to predict the probability of Asia Plus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asia Plus' price. Additionally, you may evaluate how the addition of Asia Plus to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Asia Plus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Asia Plus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asia Plus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.