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>We cut PLANB’s earnings in 2021-22E to reflect the lower-than-expected gross profit margin in 1H21. As a result, PLANB’s DCF-based TP was also lowered to Bt6.50 (vs. Bt7.00 previously). But we maintain our call that PLANB’s earnings will improve strongly in 2022E after the easing of the pandemic and retain a Buy rating.</p>

We cut PLANB’s earnings in 2021-22E to reflect the lower-than-expected gross profit margin in 1H21. As a result, PLANB’s DCF-based TP was also lowered to Bt6.50 (vs. Bt7.00 previously). But we maintain our call that PLANB’s earnings will improve strongly in 2022E after the easing of the pandemic and retain a Buy rating.

Thailand

Plan B Media Public Company Limited is a leading provider of out-of-home advertising services in Thailand, offering diverse media platforms including transit, classic, digital, retail, and airport media. The company also engages in engagement marketing, encompassing sports marketing and artist management. Plan B Media was established in 2005 and is headquartered in Bangkok, Thailand.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Plan B Media (PLANB TB)

Company Update: Plan B Media Plc.

Just a little stumble, we cut PLANB’s earnings in 2021-22E to reflect the lower-than-expected gross profit margin in 1H21.

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)