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 remain confident in the company’s solid earnings base, with olefins and derivatives to remain the key contributors in the years ahead. Meanwhile, its strategic move toward high-value business (HVB) with the recent acquisition of Allnex, engaging in industrial coating resins, will enhance its earnings base and earnings quality, with the first contribution in 2022E. We maintain a Buy rating.</p>

We remain confident in the company’s solid earnings base, with olefins and derivatives to remain the key contributors in the years ahead. Meanwhile, its strategic move toward high-value business (HVB) with the recent acquisition of Allnex, engaging in industrial coating resins, will enhance its earnings base and earnings quality, with the first contribution in 2022E. We maintain a Buy rating.

Thailand

PTT Global Chemical is a Thai petrochemical company that specializes in synthesizing olefins and aromatics. It also engages in crude oil and condensate refining, and produces polymers, green chemicals, and performance chemicals. The company's products serve various industries including packaging, automotive, and construction. PTT Global Chemical was founded on October 19, 2011, 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

PTT Global Chemical (PTTGC TB)

Company Update: PTT Global Chemical Plc.

We remain confident in the company’s solid earnings base, with olefins and derivatives to remain the key contributors in the years ahead.

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)