Business Overview
ADB and its subsidiaries have engaged in 3 Business segments 1) Plastic compound segment, distribute to the industrial sector that use the Company's product to make the electrical wire&cable, and shoe soles. 2) Adhesive segment, distribute to the factories or manufacturers of shoes, furniture, constructions and automotive products. Our products are sold domestically and internationally under the company's brands and also under internationally well-known customers' brands. and 3) Sealant & DIY segment, Distributor, Cartridge, Bulk for industrial and a DIY for household. are sold domestically and internationally.
Financial Statement
| 6M23 | 6M22 | 2022 | 2021 |
|---|
Income Statement (MB)
| Revenues | 848.25 | 1,107.95 | 2,166.51 | 1,689.82 |
| Expenses | 892.91 | 1,106.02 | 2,155.79 | 1,597.31 |
| Net Profit (Loss) | -47.16 | 0.27 | -6.93 | 75.68 |
Balance Sheet (MB)
| Assets | 1,488.83 | 1,897.96 | 1,626.39 | 1,454.05 |
| Liabilities | 892.24 | 1,250.23 | 982.66 | 770.51 |
| Shareholders' Equity | 596.58 | 647.73 | 643.73 | 683.53 |
Cash Flow (MB)
| Operating | 118.03 | -248.68 | -116.35 | 2.99 |
| Investing | -5.86 | -26.25 | -39.19 | -34.73 |
| Financing | -118.34 | 303.00 | 195.83 | 60.21 |
Financial Ratio
| EPS (Baht) | -0.06 | 0.00 | -0.01 | 0.10 |
| GP Margin (%) | 9.50 | 8.65 | 9.31 | 16.36 |
| NP Margin (%) | -5.56 | 0.02 | -0.32 | 4.48 |
| D/E Ratio (x) | 1.50 | 1.93 | 1.53 | 1.13 |
| ROE (%) | -8.74 | 1.40 | -1.04 | 11.39 |
| ROA (%) | -2.45 | 1.35 | 0.50 | 7.62 |
Business Plan
- Restructure businesses to operate more efficient and precise.
- Increase the proportion of environmentally friendly products, improve the production process in accordance with the company sustainable policy.
- Manage production capacity and upgrade machine to automation system.
- Analyze the feasibility of investing in new businesses and drive growth in new industries.
Sustainable Development Plan
Business Highlight
The Company has restructured businesses by transferring adhesives, sealants and small packaged product (DIY) business to a new subsidiary, ADB Sealant Co., Ltd., for clarity in strategy direction and greater flexibility in business operations that effective from February 1, 2023.
Performance and Analysis
Business Performance Summary
- In the second quarter of 2023, the company's sales revenue decreased by 29.53% compared to the same period last year due to the slowdown in sales of wire&cable grade of Plastic Compound products related to government infrastructure development projects and private sector construction and international sales of Silicone and DIY products also decreased slightly from price competition.
- Increasing energy costs and decreased production volumes of Plastic Compound products has caused higher production costs per unit. Meanwhile, price competition from Chinese manufacturers in the Southeast Asia market also affected the competitiveness of Silicone products. Moreover, additional allowance for doubtful accounts from the risk of receiving debt payments from customers in the Q2/ 2023, also resulted in the company overall performance which had a net loss of (47.16) million baht in the first half of year 2023.
Key Milestones
- 2017 The company was listed on the mai stock exchange
- 2018 Opened the 4th factory to produce silicone sealant
products
- 2021 Establish a subsidiary, ADB Bio Co., Ltd. to produce and distribute Bio Technology products.
- February 1, 2023 partial business transfer of adhesive, sealant and small packaging businesses to its subsidiary, ADB Sealant Co., Ltd., in order to enhance business competitiveness.
Risk Management Policy
- The company focuses on sustainable business development. Our policies include increasing the proportion of environmentally friendly products, providing new product options to customers, and reducing pollutant emission.
- The company has managed the risk of shortage and fluctuation price of raw material by evaluating the situation with business partners. Meanwhile, we seeked for spare raw material sources from both domestic and overseas.
- Apply financial instruments to reduce the impact of currency fluctuations such as Natural Hedge, Options and Forward exchange contracts
Recent Awards and Recognitions
Revenue Structure
Stock Information
mai / INDUS
| as of 30/06/23 | ADB | INDUS | mai |
|---|---|---|---|
| P/E (X) | - | 62.15 | 69.74 |
| P/BV (X) | 1.42 | 1.38 | 2.41 |
| Dividend yield (%) | - | 2.97 | 1.46 |
| 30/06/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 885.72 | 900.24 | 1,425.60 |
| Price (B/Share) | 1.22 | 1.24 | 2.16 |
| P/E (X) | - | 107.81 | 14.64 |
| P/BV (X) | 1.42 | 1.37 | 2.07 |
CG Report:
Major Shareholders
as of 07/03/2023
Company Information and Contact
http://www.adb.co.th
adb_ir@adb.co.th
0-2709-4040-9
252 Moo 4, Sukhumvit Road, Praksa, Muang Samutprakarn Samut Prakarn 10280
Other Trading Info. :
https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=ADB
Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel.
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