STARS MICROELECTRONICS (THAILAND) Public Company Limited provides Electronics Manufacturing Services (EMS) to electronic original equipment manufacturers and electronic fabless companies and serves Outsourced Assembly and Test (OSAT). The company has completed integrated technology to support production from the wafer level through system build. The company headquarter located in Bang Pa-In industrial estate, Ayutthaya province in Thailand and its Sales representative offices are in several countries such as U.S.A., European countries, and Japan.
| 9M23 | 9M22 | 2022 | 2021 |
|---|
| Revenues | 2,101.48 | 2,155.21 | 2,917.33 | 2,239.94 |
| Expenses | 1,831.35 | 1,876.86 | 2,571.08 | 2,038.72 |
| Net Profit (Loss) | 241.17 | 230.71 | 303.52 | 209.70 |
| Assets | 2,545.56 | 2,786.17 | 2,716.61 | 2,764.01 |
| Liabilities | 478.51 | 1,011.40 | 827.40 | 1,185.29 |
| Shareholders' Equity | 2,061.26 | 1,769.41 | 1,884.55 | 1,574.34 |
| Operating | 414.76 | 327.95 | 526.88 | 242.44 |
| Investing | -54.90 | -29.63 | -34.09 | -30.45 |
| Financing | -425.15 | -312.25 | -409.20 | -208.83 |
| EPS (Baht) | 0.29 | 0.27 | 0.36 | 0.25 |
| GP Margin (%) | 22.13 | 21.13 | 20.84 | 20.35 |
| NP Margin (%) | 11.53 | 10.75 | 10.41 | 9.38 |
| D/E Ratio (x) | 0.23 | 0.57 | 0.44 | 0.75 |
| ROE (%) | 16.39 | 16.92 | 17.55 | 14.47 |
| ROA (%) | 12.68 | 10.72 | 12.64 | 7.46 |
Business plan for year 2023 is focusing on an expansion of customer bases in different territories such as Australia and Japan where automotive market growth is high. In addition, the company has entered into electric vehicles market (EVs), following trend of the automotive industry towards increase use of electric power. The company has been investing in machinery and benefiting on tax privileges from the Board of Investment (BOI). The investment amount is approximately THB 50 Million to support the manufacturing of optical products.
The company is strongly committed to driving sustainability in all sectors, including community, society, economy, environment and the company's personnel in both the short and long term. The Company adheres to business principles with good corporate governance in operations in order to efficiently produce electronic components and equipment, while also following international ethical principles. Therefore, the Company intends to formulate policies, operations and activities of the Company both internally and externally while prioritizing the benefits of stakeholders at all levels of the value chain in all dimensions.
STARS MICROELECTRONICS (THAILAND) Public Company Limited is merely company in Thailand that operates 3 business units comprising of Outsourced Assembly and Test (OSAT), Electronics Manufacturing Services (EMS), and Optical electronics (OPTICS) in the same facility. This strategy enhances the company's capabilities from initial manufacturing process of electronic parts of the wafer level to the system-built stage. It would also broaden the company's opportunities for consultancy in both design and test to customers, in addition, this diversifies business risk.
In the third quarter of 2023, the company reported THB 718.67 Million of total revenue which slightly decreased THB 6.25 Million or 0.86% from the previous quarter. This was the result of soft demand in some area of our customer but as our portfolio management by distributing various type of products in order to reduce reliance on one product. The Company reported THB 82.11 Million of net profit in the third quarter of 2023 which slightly decreased THB 3.14 Million or 3.68% compared to the previous quarter. For the first 9 month of year 2023, the company reported THB 2,101.48 and 241.17 Million for revenues and net profit respectively.
• Overseas staff training to obtain a certificate in VDA 6.3 - production process for electronic products in automotive industry.
• Investing in machines to support Optical products benefiting in tax privilege.
1. Strategic Risk Management
The company has established strategic risk management process that includes risk assessment, risk management planning, and ongoing monitoring and evaluation to manage strategic risks effectively.
2. Operational Risk Management
The company has risk management process in operational workflow at each step which risk might take place.
This involves identifying risk factors, defining control activities, assessing likelihood and severity levels, and establishing process improvement guidelines.
3. Credit Risk Management
The company closely monitors credit quality of each customer and places high importance on considering approval of trade credit limit to customers strictly. Additionally, the company also protects against potential losses through trade credit insurance with a leading global insurance companies.
4. Compliance Risk Management
The company is highly aware of the risks that may arise from unclear, outdated, or non-compliant regulations, rules, and regulations, including those related to environmental regulations, laws and regulations on safety and health of employees, and other regulations.
- CSR-DIW 2022 Award
- CSR-DIW 2021 Award
- Prime Minister's Industrial 2019 Award
- Thailand energy 2019 Award
- 5 Star Award (CGR Check List 2566) from IOD
| as of 29/09/23 | SMT | ETRON | SET |
|---|---|---|---|
| P/E (X) | 12.78 | 48.26 | 20.33 |
| P/BV (X) | 2.16 | 8.99 | 1.44 |
| Dividend yield (%) | 1.18 | 0.76 | 3.18 |
| 29/09/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 4,312.48 | 4,250.64 | 5,437.19 |
| Price (B/Share) | 5.10 | 5.05 | 6.50 |
| P/E (X) | 12.78 | 15.30 | 27.74 |
| P/BV (X) | 2.16 | 2.39 | 3.62 |
