Company Summary
SSP SERMSANG POWER CORPORATION PUBLIC COMPANY LIMITED
Resources
mai
CG Report:   -
 
  Data as of 19 Sep 2018  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
8.70 10.70 / 6.70 20.77 2.35 922.00 8,021.40 12,771.94 415.05 18.89
News
Date/Time Subject
28 Aug 2018 17:43   Signing the Share Purchase Agreement for the Solar Power Plant project in Vietnam (installed capacity of 49.61 MW) (Amended2)
28 Aug 2018 07:14   Signing the Share Purchase Agreement for the Solar Power Plant project in Vietnam (installed capacity of 49.61 MW) (Amended)
15 Aug 2018 19:30   Signing the Share Purchase Agreement for the Solar Power Plant project in Vietnam (installed capacity of 49.61 MW)
10 Aug 2018 08:11   Financial Statement Quarter 2/2018 (Reviewed)
10 Aug 2018 08:11   Reviewed Quarter 2 and Consolidated F/S (F45-3)
more

Company Profile
Address 325/14 Lanluang Rd., Mahanak Square, Dusit Bangkok 10300
Telephone 0-2628-0991-2
Fax 0-2628-0993
URL www.sermsang.com
  Annual Report 2017
Establish Date 16/06/2015 Listed Date 27/09/2017
IPO Price (Baht) 7.70 @Par1.00 Baht
IPO Financial Advisory
  • KASIKORN SECURITIES PUBLIC COMPANY LIMITED
  • Par 1.00 Baht
    Last Par Change N/A

    Business
    SSP is a holding company which invests in companies that generate and sell electricity from renewable energy and other related business, domestically and internationally. Serm Sang Palang Ngan Company Limited is a core company of SSP which is operating solar power plant with contracted capacity of 40 MW located at Lopburi Province.

    Free Float 16 Mar 2018 22 Sep 2017
    % /Shareholders
    29.76% 5,071 29.89% 6,119
    Foreign Shareholders 21.57% (As of 19/09/2018) Foreign Limit 49.00%
    NVDR Shareholders  0.53% (As of 19/09/2018)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Industry (%) Compare to Market (%)
    5 Days 2.35 0.58 0.67
    20 Days 2.35 1.35 -0.58
    60 Days 6.75 4.24 6.00
    120 Days 13.73 24.86 26.10
    YTD 5.45 36.83 27.36
    P/E (X) 20.77 46.66 69.25
    P/BV (X) 2.35 1.45 2.21
    Turnover Ratio (%) 0.37 0.51 0.25

    Top 10 Major Shareholders(@10 May 2018) Share %
    1. บริษัท ไพรมารี่ เอนเนอจี้ จำกัด 276,650,000 30.01
    2. UNITY I.CAPITAL LIMITED 174,070,000 18.88
    3. นาย วิวรรธน์ ไกรพิสิทธิ์กุล 69,523,500 7.54
    4. น.ส. ธัณฐภรณ์ ไกรพิสิทธิ์กุล 36,582,000 3.97
    5. นาย ธนวรรธน์ ไกรพิสิทธิ์กุล 34,600,900 3.75
    6. นาย ปิยวัฒน์ ไกรพิสิทธิ์กุล 34,580,900 3.75
    7. CREDIT SUISSE AG, SINGAPORE BRANCH 22,000,000 2.39
    8. บริษัท ไทยประกันชีวิต จำกัด (มหาชน) 10,000,000 1.08
    9. นาย สิทธิชัย ดวงดุษดี 9,100,000 0.99
    10. นาย สมศักดิ์ อมรพิทักษ์ 8,537,300 0.93

    Management Position
    1. Mr. KAMTHON WANGUDOM PRESIDENT / INDEPENDENT DIRECTOR
    2. Mr. VIWAT KRAIPISITKUL CHIEF OF EXECUTIVE COMMITTEE / DIRECTOR
    3. Mr. VARUT TUMMAVARANUKUB CHIEF EXECUTIVE OFFICER / DIRECTOR
    4. Miss THANTAPORN KRAIPISITKUL DIRECTOR
    5. Mr. TANAWAT KRAIPISITKUL DIRECTOR
    6. Mrs. THANYANEE KRAIPISITKUL DIRECTOR
    7. Mr. SAMRIENG MEKKRIENGKRAI INDEPENDENT DIRECTOR / CHAIRMAN OF AUDIT COMMITTEE
    8. Mr. DHANA BUBPHAVANICH INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    9. Mr. ASDSATHAI RATTANADILOK NA PHUKET INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    19 Sep 2018
    2017
    29 Dec 2017
    Listed share (M.) 922.00  922.00 
    Market Cap (MB.) 8,021.40  7,606.50 
    Price (B./share) 8.70  8.25 
    BVPS (B./Share) 3.70  3.52 
    P/BV (X) 2.35  2.34 
    P/E (X) 20.77  23.07 
    Turnover Ratio (%) 65.75  283.31 
    Value Trade/Day (MB.) 27.65  387.92 
    Beta 0.85  2.23 
     
    Rate of Return YTD  2017 
    Price Change (%) 5.45  7.14 
    Dividend Yield (%) 2.36  N/A 
    Payout Ratio 0.49 
    Dividend Policy Not less than 40% of the net profit from the Company?s separated financial statements, after deduction of corporate income tax and all reserves which is required by relevant law and the Company?s article of association (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2017 - 31 Dec 2017 0.205 Baht 23 May 2018 Cash
     
    Auditor
    (Effective Until 31/12/2018)
    MISS RATANA JALA/E Y OFFICE COMPANY LIMITED
    Miss Somjai Khunapasut/E Y OFFICE COMPANY LIMITED
    Miss SIRIKORN PLERNPISSIRI/E Y OFFICE COMPANY LIMITED
    F/S Year ended 31/12
    Latest Type of Report Unqualified opinion with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 6M/2018 
    (01/01/18 
    -30/06/18) 
    6M/2017 
    (01/01/17 
    -30/06/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Cash 1,626.25 436.12 1,603.39 367.36
    A/R Net 232.00 164.00 151.36 152.29
    Inventories - - - -
    Current Assets 1,905.76 746.05 1,800.49 585.62
    PP&E Net 6,718.20 4,210.60 5,427.21 3,684.95
    Total Assets 9,786.80 5,668.80 8,269.84 4,962.64
    OD - - - -
    A/P Net 278.29 28.45 256.70 32.96
    Current portion of LT 632.84 348.64 510.38 364.22
    Current Liabilities 943.80 394.95 782.53 411.29
    Non-Current Liabilities 5,271.72 3,752.19 4,065.65 3,254.55
    Total Liabilities 6,215.52 4,147.14 4,848.17 3,665.83
    Authorized Capital 922.00 922.00 922.00 691.62
    Paid-Up Capital 922.00 691.62 922.00 690.88
    Premium (Discount) on Share Capital 1,511.21 - 1,511.21 -
    Other Surplus (Deficit) 33.10 - 33.10 -
    Retained Earnings (Deficit) 926.18 728.79 855.70 515.87
    Treasury Stock - - - -
    Shareholders' Equity 3,410.01 1,452.59 3,307.83 1,241.62
    Minority Interest 161.27 69.08 113.84 55.19
    more
    Statement of Comprehensive Income (MB.) 6M/2018 
    (01/01/18 
    -30/06/18) 
    6M/2017 
    (01/01/17 
    -30/06/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Sales 235.36 144.34 283.79 285.58
    Other Income 288.48 305.15 593.32 591.13
    Total Revenues 523.83 449.48 877.11 876.71
    COGs 133.86 83.33 167.61 169.03
    SG&A 66.60 77.50 219.90 114.18
    Total Expenses 200.46 160.83 387.51 283.21
    EBITDA 415.05 347.93 609.15 712.89
    Depre. & Amor. 91.68 59.27 119.55 119.39
    EBIT 323.37 288.65 489.60 593.50
    Net Profit 259.33 212.92 339.83 448.64
    EPS (B.) 0.28 0.31 0.45 64.94
    more
    Statement of Cash Flow (MB.) 6M/2018 
    (01/01/18 
    -30/06/18) 
    6M/2017 
    (01/01/17 
    -30/06/17) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Operating Cash Flow 283.88 230.68 568.37 663.48
    Investing Cash Flow -1,221.89 -558.97 -1,889.55 -1,281.75
    Financing Cash Flow 955.19 400.74 2,559.50 665.96
    Net Cash Flow 17.17 72.44 1,238.32 47.69
    more
    Annualized: ROE, ROA
    Ratios 6M/2018  2017 
    Current Ratio (X) 2.02 2.30
    ROE (%) 15.89 14.94
    ROA (%) 6.78 7.40
    D/E (X) 1.82 1.47
    Total Asset Turnover (X) 0.12 0.13
    Gross Profit Margin (%) 43.13 40.94
    EBIT Margin (%) 61.73 55.82
    Net Profit Margin (%) 49.51 38.74

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    No Information Found

    Growth Rate (%) 6M/2018  2017 
    Sales Growth N/A N/A
    COGs Growth N/A N/A
    Total Revenue Growth N/A N/A
    Total Expense Growth N/A N/A
    Net Profit Growth N/A N/A

    Annualized
    Cash Cycle 6M/2018  2017 
    A/R Turnover (Times) 1.89 1.87
    Avg. Collection Period (Days) 192.82 195.27
    Inventory Turnover (Times) N/A N/A
    Avg. Inventory Period (Days) N/A N/A
    A/P Turnover (Times) 1.42 1.16
    Avg. Payment Period (Days) 256.63 315.39
    Cash Cycle (Days) -63.81 -120.11


    Trading Sign (Latest)
    Trading Alert Posted Date Lifted Date
    No Information Found

    Market Alert (Latest)
    No Information Found
    more

    Only Preferred Share and Warrants
    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
     
    Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
    Source: www.set.or.th (Copyright © The Stock Exchange of Thailand)
    The Information is provided for informative and educational purposes only.