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

<p>JWD delivered strong earnings growth in 2Q21, owing chiefly to increasing revenue on the back of the improvement in international trade and new M&amp;A. This will provide further support to earnings in 2H21E and 2022E. We maintain our earnings forecasts and the DCF- based TP of Bt18.50 for JWD on the benefit from the expansion of the global economy and the M&amp;A theme.</p>

JWD delivered strong earnings growth in 2Q21, owing chiefly to increasing revenue on the back of the improvement in international trade and new M&amp;A. This will provide further support to earnings in 2H21E and 2022E. We maintain our earnings forecasts and the DCF- based TP of Bt18.50 for JWD on the benefit from the expansion of the global economy and the M&amp;A theme.

Earnings Review: JWD InfoLogistics Plc. (JWD)

Thailand

JWD Infologistics PCL is an information technology company. The Company focuses on maximizing the benefits of managing supply chains and fully integrated logistics solutions. JWD Infologistics operates in Southeast Asia

JWD Infologistics (JWD TB)

Earnings Review: JWD InfoLogistics Plc. (JWD)

maintain our earnings forecasts and the DCF- based TP of Bt18.50 for JWD on the benefit from the expansion of the global economy and the M&A theme

Krungthai XSpring