Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Cross Asset Strategy

<ul><li>We recommend selling KKP (with the return since it was added to the portfolio at 0.7%) after we added it for just one day, as the stock has fallen out of our top rankings.</li><li>However, long-term investors may consider holding it and stopping losses at Bt64.25.</li><li>We have added EA, as the stock is expected to benefit from the potential growth in the EV industry after it acquired a 23.63% share in BYD, which provides electric bus services.</li></ul>

We recommend selling KKP (with the return since it was added to the portfolio at 0.7%) after we added it for just one day, as the stock has fallen out of our top rankings.However, long-term investors may consider holding it and stopping losses at Bt64.25.We have added EA, as the stock is expected to benefit from the potential growth in the EV industry after it acquired a 23.63% share in BYD, which provides electric bus services.

Big Cap Tactical Picks - Highlights of the Day

Equity Bottom-Up

<div><div><div><p><strong>Still struggling due to the pandemic</strong><br>AOT continued to report weak earnings results QoQ in 3QFY20/21 owing in part to the new round of the pandemic. Meanwhile, we believe the ongoing spread of COVID-19 in the country will pressure AOT’s share price. We thus maintain our Hold rating pending improvement in the situation and wider deployment of vaccines.</p></div></div></div>

Still struggling due to the pandemic AOT continued to report weak earnings results QoQ in 3QFY20/21 owing in part to the new round of the pandemic. Meanwhile, we believe the ongoing spread of COVID-19 in the country will pressure AOT’s share price. We thus maintain our Hold rating pending improvement in the situation and wider deployment of vaccines.

Company Update: Airports of Thailand Plc. (AOT)

Thailand

Airports of Thailand Public Company Ltd. operates the Bangkok International Airport (Don Muang) and the New Bangkok International Airport (Suvarnabhumi).. The Company also operates provincial airports in Chiang Mai, Chiang Rai, Hat Yai, and Phuket.

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Airports of Thailand (AOT TB)

Big Cap Tactical Picks - Highlights of the Day

We recommend selling KKP (with the return since it was added to the portfolio at 0.7%) after we added it for just one day, as the stock has fallen...

Krungthai XSpring

Company Update: Airports of Thailand Plc. (AOT)

Still struggling due to the pandemic, AOT continued to report weak earnings results QoQ in 3QFY20/21 owing in part to the new round of the pandemic.

Krungthai XSpring

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