Company Summary
SSP SERMSANG POWER CORPORATION PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
SET
CG Report:   
 
  Data as of 19 Apr 2019  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
8.25 9.05 / 6.85 15.78 2.15 922.00 7,606.50 14,840.56 842.19 17.62
News
Date/Time Subject
03 Apr 2019 13:07   Invitation to the 2019 Annual General Meeting of Shareholders (AGM of 2019) posted on the Company's website
26 Mar 2019 08:09   SET moves SSP from mai to SET since 27 March 2019
08 Mar 2019 13:22   Report on Names of Members and Scope of Work of the Audit Committee(Revise)
07 Mar 2019 17:29   Report on Names of Members and Scope of Work of the Audit Committee
01 Mar 2019 08:34   Resolutions of the Board of Directors' Meeting regarding Dividend Payment and notification of AGM 2019 (revised)
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 2018
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

    Market/Industry/Sector Change
    Effective Date 27/03/2019
    Previous Market/Industry/Sector mai  / Resources / Resources
    Current Market/Industry/Sector SET  / Resources / Energy & Utilities

    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 16.39% (As of 19/04/2019) Foreign Limit 49.00%
    NVDR Shareholders  0.27% (As of 19/04/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 2.48 1.59 1.75
    20 Days 8.55 4.63 5.70
    60 Days 10.00 4.34 4.06
    120 Days -0.60 -0.25 -0.97
    YTD 10.74 0.36 3.45
    P/E (X) 15.78 14.55 17.50
    P/BV (X) 2.15 1.71 1.86
    Turnover Ratio (%) 0.08 0.28 0.49

    Top 10 Major Shareholders(@29 Mar 2019) Share %
    1. บริษัท ไพรมารี่ เอนเนอจี้ จำกัด 162,950,000 17.67
    2. บริษัท ไพรมารี่ เอนเนอร์จี้ จำกัด 113,700,000 12.33
    3. UNITY I. CAPITAL LIMITED 72,070,000 7.82
    4. นาย วิวรรธน์ ไกรพิสิทธิ์กุล 70,174,600 7.61
    5. CGS-CIMB SECURITIES (SINGAPORE)PTE.LTD. 56,000,000 6.07
    6. บริษัทหลักทรัพย์ ไทยพาณิชย์ จำกัด INDEX S_INVEST SBL 46,000,000 4.99
    7. น.ส. ธัณฐภรณ์ ไกรพิสิทธิ์กุล 39,705,900 4.31
    8. นาย ธนวรรธน์ ไกรพิสิทธิ์กุล 34,600,900 3.75
    9. นาย ปิยวัฒน์ ไกรพิสิทธิ์กุล 34,580,900 3.75
    10. CREDIT SUISSE AG, SINGAPORE BRANCH 22,000,000 2.39

    Management Position
    1. Mr. KAMTHON WANGUDOM CHAIRMAN OF THE BOARD OF DIRECTORS / INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    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 THE AUDIT COMMITTEE
    8. Mr. DHANA BUBPHAVANICH INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    19 Apr 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 922.00  922.00  922.00 
    Market Cap (MB.) 7,606.50  6,868.90  7,606.50 
    Price (B./share) 8.25  7.45  8.25 
    BVPS (B./Share) 3.83  3.75  3.52 
    P/BV (X) 2.15  1.98  2.34 
    P/E (X) 15.78  15.24  23.07 
    Turnover Ratio (%) 4.51  76.29  283.31 
    Value Trade/Day (MB.) 4.35  23.23  387.92 
    Beta 0.59  2.23 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) 10.74  -9.70  7.14 
    Dividend Yield (%) 2.63  2.75  N/A 
    Payout Ratio 0.39  0.42 
    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 31/12/2019)
    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.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Cash 1,125.13 1,603.39 367.36
    A/R Net 408.80 151.36 152.29
    Inventories - - -
    Current Assets 2,014.95 1,800.49 585.62
    PP&E Net 8,352.08 5,427.21 3,684.95
    Total Assets 11,892.73 8,269.84 4,962.64
    OD - - -
    A/P Net 503.82 256.70 32.96
    Current portion of LT 508.59 510.38 364.22
    Current Liabilities 1,146.90 782.53 411.29
    Non-Current Liabilities 6,887.68 4,065.65 3,254.55
    Total Liabilities 8,034.58 4,848.17 3,665.83
    Authorized Capital 922.00 922.00 691.62
    Paid-Up Capital 922.00 922.00 690.88
    Premium (Discount) on Share Capital 1,511.21 1,511.21 -
    Other Surplus (Deficit) 33.10 33.10 -
    Retained Earnings (Deficit) 1,148.87 855.70 515.87
    Treasury Stock - - -
    Shareholders' Equity 3,533.54 3,307.83 1,241.62
    Minority Interest 324.60 113.84 55.19
    more
    Statement of Comprehensive Income (MB.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Sales 560.36 283.79 285.58
    Other Income 577.02 593.32 591.13
    Total Revenues 1,137.38 877.11 876.71
    COGs 341.87 167.61 169.03
    SG&A 166.83 219.90 114.18
    Total Expenses 508.70 387.51 283.21
    EBITDA 842.19 609.15 712.89
    Depre. & Amor. 213.51 119.55 119.39
    EBIT 628.68 489.60 593.50
    Net Profit 482.03 339.83 448.64
    EPS (B.) 0.52 0.45 64.94
    more
    Statement of Cash Flow (MB.) 2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Operating Cash Flow 889.31 568.37 663.48
    Investing Cash Flow -3,518.20 -1,889.55 -1,281.75
    Financing Cash Flow 2,381.59 2,559.50 665.96
    Net Cash Flow -247.30 1,238.32 47.69
    more
    Annualized: ROE, ROA
    Ratios 2018  2017 
    Current Ratio (X) 1.76 2.30
    ROE (%) 14.09 14.94
    ROA (%) 6.24 7.40
    D/E (X) 2.27 1.47
    Total Asset Turnover (X) 0.11 0.13
    Gross Profit Margin (%) 38.99 40.94
    EBIT Margin (%) 55.27 55.82
    Net Profit Margin (%) 42.38 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 (%) 2018  2017 
    Sales Growth 97.46 N/A
    COGs Growth 103.97 N/A
    Total Revenue Growth 29.67 N/A
    Total Expense Growth 31.27 N/A
    Net Profit Growth 41.84 N/A

    Annualized
    Cash Cycle 2018  2017 
    A/R Turnover (Times) 2.00 1.87
    Avg. Collection Period (Days) 182.44 195.27
    Inventory Turnover (Times) N/A N/A
    Avg. Inventory Period (Days) - -
    A/P Turnover (Times) 0.90 1.16
    Avg. Payment Period (Days) 405.99 315.39
    Cash Cycle (Days) -223.55 -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.