TPIPP as of Jan 2019

TPIPP as of Jan 2019

- With Full Cap 390 MW --> Net Profit 1 Q = 1100 MB --> EPS = 1100/8400 = 0.13
- PE15 = 8 Baht

Expecting SAWAD Q4'18

Expecting SAWAD Q4'18

1) Net Profit
        Q4'18 = 789 MB
        Y2018 = 2,726 MB
        EPS = 2.40

2) Revenue
        Q4'18 = 2,270 MB
        Y2018 = 7993 MB
     
3) PORT = 35,000 MB

4) NPL = 1200 MB
    Coverage = 800 MB
    Coverage Ratio = 66%

Forecast SAWAD

SAWAD Analysis from YUANTA on Jan 11 '2019

KTC as of Q4'18

KTC as of Q4'18 annouce

- Share Price peak at 380 Baht  --> PE19
- Peak at Q1'18 announce --> Start Growth 65% --> Story End
- Start Breaking 150 Baht around Nov'17 (Q3'17 announce growth 32% then 46% in Q4'17 which Stock rally from 150 to 300 Baht in 3 Month)

Forecast 2019
- EPS growth say 20% --> EPS = 2.4
- PE15 = 36 Baht
- Jan 17 '2019 At 28 Baht --> 28% Upside
- At 24 baht --> 50% Upside

Set status as of Jan 02, 2019

Set status as of Jan 02, 2019

SET Index = 1565  PE = 14.77  (Thai Government 10 year Bond = 2.77% as per Nov 2018)
Yield Gap = 4.00%

Billy B. = BEAR
O'Neil   = Correction

 

% SET compare to EMA50 = ติดลบ (ถ้า 5% ถือว่าค่อนข้าง peak ทีเดียว!!!)