Company Summary
SSP SERMSANG POWER CORPORATION PUBLIC COMPANY LIMITED
Resources/Energy & Utilities
sSET
CG Report:   
 
  Data as of 15 Jul 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
8.35 9.05 / 7.00 15.41 2.12 922.00 7,698.70 15,242.10 230.90 16.88
News
Date/Time Subject
08 Jul 2019 08:37   Notification of Commercial Operation Date of Khunsight Kundi Solar Power Plant Project in Mongolia
31 May 2019 12:35   Notification of Commercial Operational Date of Binh Nguyen Solar in Vietnam
21 May 2019 12:36   Announcement of Public Holidays for the year 2019(Additional)
15 May 2019 17:26   Notification of Replacement of Chief Financial Officer
14 May 2019 19:32   Management Discussion and Analysis Quarter 1 Ending 31 Mar 2019
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 29 Mar 2019 16 Mar 2018
    % /Shareholders
    34.24% 3,077 29.76% 5,071
    Foreign Shareholders 16.39% (As of 15/07/2019) Foreign Limit 49.00%
    NVDR Shareholders  0.37% (As of 15/07/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days -0.60 -0.87 -0.42
    20 Days 9.15 3.17 5.64
    60 Days 2.45 -1.54 -1.55
    120 Days 14.38 3.85 4.39
    YTD 12.08 -1.30 1.44
    P/E (X) 15.41 16.95 18.62
    P/BV (X) 2.12 1.74 1.89
    Turnover Ratio (%) 0.19 0.64 1.06

    Top 10 Major Shareholders(@08 May 2019) Share %
    1. บริษัท ไพรมารี่ เอนเนอจี้ จำกัด 150,950,000 16.37
    2. บริษัท ไพรมารี่ เอนเนอร์จี้ จำกัด 125,700,000 13.63
    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 S_INVEST 46,101,500 5.00
    7. น.ส. ธัณฐภรณ์ ไกรพิสิทธิ์กุล 40,681,200 4.41
    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 / CHIEF OF AUDIT COMMITTEE
    8. Mr. DHANA BUBPHAVANICH INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    15 Jul 2019
    2018
    28 Dec 2018
    2017
    29 Dec 2017
    Listed share (M.) 922.00  922.00  922.00 
    Market Cap (MB.) 7,698.70  6,868.90  7,606.50 
    Price (B./share) 8.35  7.45  8.25 
    BVPS (B./Share) 3.93  3.75  3.52 
    P/BV (X) 2.12  1.98  2.34 
    P/E (X) 15.41  15.24  23.07 
    Turnover Ratio (%) 16.59  76.29  283.31 
    Value Trade/Day (MB.) 9.56  23.23  387.92 
    Beta 0.28  0.59  2.23 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) 12.08  -9.70  7.14 
    Dividend Yield (%) 2.60  2.75  N/A 
    Payout Ratio 0.40  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 2018 - 31 Dec 2018 0.217 Baht 27 May 2019 Cash
    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
    Financial Data
    Statement of Financial Position (MB.) 3M/2019 
    (01/01/19 
    -31/03/19) 
    3M/2018 
    (01/01/18 
    -31/03/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Cash 1,072.49 1,466.75 1,125.13 1,603.39 367.36
    A/R Net 368.93 188.27 408.80 151.36 152.29
    Inventories - - - - -
    Current Assets 1,666.18 1,701.42 2,014.95 1,800.49 585.62
    PP&E Net 9,107.54 6,046.46 8,352.08 5,427.21 3,684.95
    Total Assets 12,240.17 8,890.52 11,892.73 8,269.84 4,962.64
    OD - - - - -
    A/P Net 815.91 592.38 503.82 256.70 32.96
    Current portion of LT 513.56 538.14 508.59 510.38 364.22
    Current Liabilities 1,477.49 1,147.96 1,146.90 782.53 411.29
    Non-Current Liabilities 6,820.91 4,178.87 6,887.68 4,065.65 3,254.55
    Total Liabilities 8,298.40 5,326.83 8,034.58 4,848.17 3,665.83
    Authorized Capital 922.00 922.00 922.00 922.00 691.62
    Paid-Up Capital 922.00 922.00 922.00 922.00 690.88
    Premium (Discount) on Share Capital 1,511.21 1,511.21 1,511.21 1,511.21 -
    Other Surplus (Deficit) 33.10 33.10 33.10 33.10 -
    Retained Earnings (Deficit) 1,272.90 962.26 1,148.87 855.70 515.87
    Treasury Stock - - - - -
    Shareholders' Equity 3,624.29 3,419.85 3,533.54 3,307.83 1,241.62
    Minority Interest 317.48 143.85 324.60 113.84 55.19
    more
    Statement of Comprehensive Income (MB.) 3M/2019 
    (01/01/19 
    -31/03/19) 
    3M/2018 
    (01/01/18 
    -31/03/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Sales 312.86 86.59 560.36 283.79 285.58
    Other Income 1.07 135.80 577.02 593.32 591.13
    Total Revenues 313.93 222.39 1,137.38 877.11 876.71
    COGs 104.09 52.59 341.87 167.61 169.03
    SG&A 41.09 37.28 166.83 219.90 114.18
    Total Expenses 145.18 89.87 508.70 387.51 283.21
    EBITDA 230.90 169.93 842.19 609.15 712.89
    Depre. & Amor. 62.16 37.41 213.51 119.55 119.39
    EBIT 168.74 132.52 628.68 489.60 593.50
    Net Profit 124.03 106.55 482.03 339.83 448.64
    EPS (B.) 0.13 0.12 0.52 0.45 64.94
    more
    Statement of Cash Flow (MB.) 3M/2019 
    (01/01/19 
    -31/03/19) 
    3M/2018 
    (01/01/18 
    -31/03/18) 
    2018 
    (01/01/18 
    -31/12/18) 
    2017 
    (01/01/17 
    -31/12/17) 
    2016 
    (01/01/16 
    -31/12/16) 
    Operating Cash Flow 584.90 397.92 889.31 568.37 663.48
    Investing Cash Flow -607.92 -592.54 -3,518.20 -1,889.55 -1,281.75
    Financing Cash Flow -12.24 58.71 2,381.59 2,559.50 665.96
    Net Cash Flow -35.26 -135.91 -247.30 1,238.32 47.69
    more
    Annualized: ROE, ROA
    Ratios 3M/2019  3M/2018  2018  2017 
    Current Ratio (X) 1.13 1.48 1.76 2.30
    ROE (%) 14.18 10.60 14.09 14.94
    ROA (%) 6.29 5.64 6.24 7.40
    D/E (X) 2.29 1.56 2.27 1.47
    Total Asset Turnover (X) 0.12 0.10 0.11 0.13
    Gross Profit Margin (%) 66.73 39.27 38.99 40.94
    EBIT Margin (%) 53.75 59.59 55.27 55.82
    Net Profit Margin (%) 39.51 47.91 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 (%) 3M/2019  3M/2018  2018  2017 
    Sales Growth 261.31 N/A 97.46 N/A
    COGs Growth 97.93 N/A 103.97 N/A
    Total Revenue Growth 41.16 N/A 29.67 N/A
    Total Expense Growth 61.55 N/A 31.27 N/A
    Net Profit Growth 16.40 N/A 41.84 N/A

    Annualized
    Cash Cycle 3M/2019  3M/2018  2018  2017 
    A/R Turnover (Times) 2.82 1.60 2.00 1.87
    Avg. Collection Period (Days) 129.27 228.75 182.44 195.27
    Inventory Turnover (Times) N/A N/A N/A N/A
    Avg. Inventory Period (Days) - - - -
    A/P Turnover (Times) 0.56 0.30 0.90 1.16
    Avg. Payment Period (Days) 653.36 1,208.80 405.99 315.39
    Cash Cycle (Days) -524.08 -980.05 -223.55 -120.11


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

    Market Alert (Latest)
    No Information Found
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    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)
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