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Asia Plus Group Holdings Public Company Limited (ASP.BK)

THB2.34 +0.02 (+0.86%)
TH SET Financial Services Financial - Capital Markets
Address Sathorn City Tower 10120
Bangkok, TH
CEO Kongkiat Opaswongkarn
IPO 2005-04-18
ISIN TH0137A10Y00

Explore sections of this company profile

Also trades on Munich Stock Exchange · AITA.MU (EUR) Stock Exchange of Thailand · ASP.BK (THB)
Description

Asia Plus Group Holdings Public Company Limited, along with its affiliated entities, conducts financial securities operations across Thailand. The firm's activities are organized into four primary divisions: brokerage for securities and derivatives, investment banking, fund management, and proprietary investment trading. It offers a comprehensive suite of services, including facilitating transactions in securities and derivatives for both domestic and international clients, delivering investment and financial guidance, underwriting new security issues, and engaging in securities lending and borrowing. Furthermore, the company manages venture capital and oversees private, derivatives, and mutual fund portfolios. It also strategically invests in unit trusts and actively participates in the buying, selling, and trading of various securities. Founded in 1974, Asia Plus Group Holdings Public Company Limited is headquartered in Bangkok, Thailand, and adopted its present name in July 2015, having previously operated as Asia Plus Group Holdings Securities Public Company Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
THB2.34 +0.02 (+0.86%)
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Volume Profile
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Liquidity & share structure
Average Volume
775.9K
Beta
0.37
Float Shares
1.27B
Free Float %
62.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +0.00% +2.86% -7.69% +0.00% +6.93% +9.64% -23.94% -40.33% -32.92% +56.52%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2.34
DCF (Unlevered) 4.50 +92.1%
DCF (Levered) 5.37 +129.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2024-11 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.10
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Financial - Capital Markets: +19.7%
    -15.1% Q1'26: +58.2% (vs Q1'25)
  • EPS growth Financial - Capital Markets: +35.3%
    -44.9% Q1'26: +2,285.0% (vs Q1'25)
  • FCF margin FCF growth · Financial - Capital Markets: +29.5%
    +75.9% Q1'26: +24.4% (vs Q1'25)
  • EBIT margin Financial - Capital Markets: +33.5%
    +18.1% Q1'26: +17.9% (vs Q1'25)
  • ROIC Financial - Capital Markets: +4.0%
    +5.5% Q1'26: +6.7% (vs Q1'25)
  • Share dilution Financial - Capital Markets: +0.0%
    -0.8% Q1'26: -7.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×
    8.30× Q1'26: 8.32× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.84) × ERP
WACC = 56% × Ke + 44% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 4.59 Current price: 2.34
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
2.16B
est: 2.26B (-4.5%)
2.47B
est: 2.48B (-0.4%)
2.55B
est: 2.56B (-0.4%)
2.23B
est: 2.35B (-4.9%)
1.72B
est: 1.84B (-6.5%)
2.05B
est: 1.76B (+16.3%)
3.35B
est: 3.17B (+5.7%)
2.45B
est: 2.27B (+8.3%)
2.19B
est: 2.41B (-9.2%)
2.20B
est: 2.42B (-9.3%)
1.86B
est: 2.35B (-20.7%)
2.45B
2.45B – 2.45B
+4.5% YoY
2.50B
2.50B – 2.50B
+1.8% YoY
2.54B
2.54B – 2.54B
+1.7% YoY
EBITDA
841.91M
est: 719.08M (+17.1%)
1.08B
est: 788.06M (+37.0%)
1.07B
est: 812.22M (+32.1%)
692.65M
est: 745.78M (-7.1%)
535.58M
est: 584.29M (-8.3%)
663.77M
est: 559.18M (+18.7%)
1.37B
est: 1.01B (+35.5%)
735.86M
est: 720.35M (+2.2%)
639.15M
est: 765.81M (-16.5%)
582.95M
est: 721.69M (-19.2%)
419.24M
est: 699.94M (-40.1%)
731.22M
731.22M – 731.22M
+4.5% YoY
744.04M
744.04M – 744.04M
+1.8% YoY
756.85M
756.85M – 756.85M
+1.7% YoY
EBIT
782.89M
est: 631.01M (+24.1%)
1.02B
est: 691.55M (+48.0%)
1.02B
est: 712.75M (+43.0%)
638.27M
est: 654.45M (-2.5%)
494.17M
est: 512.73M (-3.6%)
564.22M
est: 490.69M (+15.0%)
1.27B
est: 884.03M (+43.6%)
644.07M
est: 632.13M (+1.9%)
546.23M
est: 672.02M (-18.7%)
500.66M
est: 629.70M (-20.5%)
337.39M
est: 610.72M (-44.8%)
638.02M
638.02M – 638.02M
+4.5% YoY
649.20M
649.20M – 649.20M
+1.8% YoY
660.38M
660.38M – 660.38M
+1.7% YoY
Net Income
557.74M
est: 600.11M (-7.1%)
755.65M
est: 758.04M (-0.3%)
741.57M
est: 736.98M (+0.6%)
434.20M
est: 568.53M (-23.6%)
359.42M
est: 315.85M (+13.8%)
415.78M
est: 273.74M (+51.9%)
978.36M
est: 947.55M (+3.3%)
479.27M
est: 421.13M (+13.8%)
407.94M
est: 463.24M (-11.9%)
356.42M
est: 376.19M (-5.3%)
195.65M
est: 355.29M (-44.9%)
397.09M
397.09M – 397.09M
+11.8% YoY
417.99M
417.99M – 417.99M
+5.3% YoY
438.89M
438.89M – 438.89M
+5.0% YoY
SGA
145.53M
est: 14.25M (+921.2%)
141.60M
est: 15.62M (+806.6%)
est: 16.10M (-100.0%)
70.37M
est: 14.78M (+376.1%)
75.16M
est: 11.58M (+549.1%)
10.68M
est: 11.08M (-3.6%)
11.72M
est: 19.97M (-41.3%)
14.28M
est: 14.28M (+0.0%)
23.18M
est: 15.18M (+52.7%)
13.99M
est: 12.73M (+9.9%)
est: 12.35M (-100.0%)
12.90M
12.90M – 12.90M
+4.5% YoY
13.12M
13.12M – 13.12M
+1.8% YoY
13.35M
13.35M – 13.35M
+1.7% YoY
EPS
0.26
est: 0.29 (-8.8%)
0.36
est: 0.36 (+0.0%)
0.35
est: 0.35 (+0.0%)
0.21
est: 0.27 (-22.2%)
0.17
est: 0.15 (+13.3%)
0.20
est: 0.13 (+53.8%)
0.46
est: 0.45 (+2.2%)
0.23
est: 0.20 (+15.0%)
0.19
est: 0.22 (-13.6%)
0.17
est: 0.18 (-5.6%)
0.09
est: 0.17 (-44.9%)
0.19
0.19 – 0.19
+11.8% YoY
0.20
0.20 – 0.20
+5.3% YoY
0.21
0.21 – 0.21
+5.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-20 B+ 3/5 5/5 2/5 4/5 2/5 2/5 3/5
2026-05-19 B+ 3/5 5/5 2/5 4/5 2/5 2/5 3/5
2026-05-18 B+ 3/5 5/5 2/5 4/5 2/5 2/5 3/5
2026-05-15 B 3/5 5/5 2/5 4/5 2/5 1/5 3/5
2026-05-14 B 3/5 5/5 2/5 4/5 2/5 1/5 3/5
2026-05-13 B 3/5 5/5 2/5 4/5 2/5 1/5 3/5
2026-05-12 B 3/5 5/5 2/5 4/5 2/5 1/5 3/5
2026-05-11 B 3/5 5/5 2/5 4/5 2/5 1/5 3/5
2026-05-08 B+ 3/5 5/5 2/5 5/5 2/5 1/5 3/5
2026-05-07 B+ 3/5 5/5 2/5 5/5 2/5 1/5 3/5
2026-05-06 B+ 3/5 5/5 2/5 5/5 2/5 1/5 3/5
2026-05-05 B+ 3/5 5/5 2/5 5/5 2/5 1/5 3/5
2026-04-30 B+ 3/5 5/5 2/5 5/5 2/5 2/5 3/5
2026-04-29 B+ 3/5 5/5 2/5 5/5 2/5 2/5 3/5
2026-04-28 B+ 3/5 5/5 2/5 5/5 2/5 2/5 3/5
2026-04-27 B+ 3/5 5/5 2/5 5/5 2/5 2/5 3/5
2026-04-24 B+ 3/5 5/5 2/5 5/5 2/5 2/5 3/5
2026-04-23 B+ 3/5 5/5 2/5 5/5 2/5 2/5 3/5
2026-04-22 B+ 3/5 5/5 2/5 5/5 2/5 2/5 3/5
2026-04-21 B+ 3/5 5/5 2/5 5/5 2/5 2/5 3/5
2026-04-20 B+ 3/5 5/5 2/5 5/5 2/5 2/5 3/5
2026-04-17 B+ 3/5 5/5 2/5 5/5 2/5 2/5 3/5
2026-04-16 B+ 3/5 5/5 2/5 5/5 2/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.95B
OE per share TTM
1.22
Owner's Yield
67.12%
Maintenance CapEx ratio
55.86%
Maint CapEx / Avg PPE
24.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 184.4K 0.39%
2 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 68.0K 0.28%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
472.5K
Shares Outstanding
2.03B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chali Sophonpanich Executive Chairman 678.0K male
Pithayain Assavanig CFO, Chief Accountant & Executive Director 612.0K male
Patchara Surajaras Chief Operating Officer & Executive Director 510.0K
Kongkiat Opaswongkarn Chief Executive Officer & Executive Director 408.0K male
Sutthirak Hotakasapkul Executive VP of Board Secretariat Office & Office of the Chairman and Company Secretary 60.0K male
Chirasak Ongpaibool Senior EVice President of Compliance & Audit Department and Executive Director male
Therdsak Taweeteeratham Senior Executive Vice President male
Vimolpan Suwantewatoop Senior Executive Vice President of Human Resources Division female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits