Monday early morning at the office. A new idea whose fundementals have been already and appear very strong going into next year. The right choice at the right time as Thailand after, an on-off, is now finally likely to get going on a massive infrastructure spending spree next year.
Ticon alarm bells are ringing for me. Until the company scales down its expansion plans and instead buys back some of its own shares, I changed my view to neutral earlier today and instead, would focuss only on our strong earnings gowers, in the now far less certain economic enviroment.
With a p/e barely above 2, trading below its book value and with an assured very strong 3 quarter earnings report to be announced next month. All suporting a near tripling of net earnings this year, as compared to last year.
To balance my just previous picks which benefit from high oil prices, here remains a choice which would much benefit from Baht currency weakness as well as any sell-off in the global oil price, now a bubble.
Here is my company visit review on SPPT. It is clearly my choice for the high energy price new enviroment. I think the just newly issued warrants are undervalued as stated -and the SPPT story seems to have gotten some local attention. Rightly so, read here why.