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>MICRO is one of the leaders in hire purchase (HP) financing for used trucks.</li><li>The IPO will enhance the firm's 2020-22E earnings growth, enabling it to achieve a 38% CAGR.</li><li>Its internal restructuring to solidify its business, coupled with a stronger financial position post-IPO, will enable the firm to drive its growth more proactively and eventually become the leader in this market.</li></ul>

MICRO is one of the leaders in hire purchase (HP) financing for used trucks.The IPO will enhance the firm's 2020-22E earnings growth, enabling it to achieve a 38% CAGR.Its internal restructuring to solidify its business, coupled with a stronger financial position post-IPO, will enable the firm to drive its growth more proactively and eventually become the leader in this market.

Japan

Isuzu Motors Limited manufactures and markets trucks and automobile parts. The Company's products include pickup trucks, light/heavy duty trucks, medium and large-sized buses, recreational vehicles, and sport utility vehicles.

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Isuzu Motors (7202 JP)

Entering the Growth Mode

MICRO is one of the leaders in hire purchase (HP) financing for used trucks. The IPO will enhance the firm's 2020-22E earnings growth, enabling it...

Krungthai XSpring

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