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.

Equity Bottom-Up

<ul><li>We have a positive view on GPSC's acquisition of Avaada, a solar operator in India.</li><li>This move will step up its renewable energy portfolio to 32% in 2021E, which is ahead of the plan.</li><li>The company's first footprint in India's large renewable power market in Asia with huge growth potential will pave the way for growth and create investment opportunities in the energy storage business.</li></ul>

We have a positive view on GPSC's acquisition of Avaada, a solar operator in India.This move will step up its renewable energy portfolio to 32% in 2021E, which is ahead of the plan.The company's first footprint in India's large renewable power market in Asia with huge growth potential will pave the way for growth and create investment opportunities in the energy storage business.

Avaada – Stepping Up Renewable Portfolio Ahead of Plan

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Avaada Electro Limited (2596819D IN)

Avaada – Stepping Up Renewable Portfolio Ahead of Plan

We have a positive view on GPSC's acquisition of Avaada, a solar operator in India. This move will step up its renewable energy portfolio to 32%...

Krungthai XSpring

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