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>Technically, the SET Index is expected to move sideways down, with the support at 1,398/1,390 points and the resistance at 1,414/1,423 points.</li><li>Prime Minister Srettha is participating in the World Economic Forum from January 15 to 19, where he will engage in discussions with the world's eight leading companies to explore ways to support trade and investment.</li><li>We recommend blue chip stocks with positive factors: SIS, ADVANC and INTUCH.</li></ul>

Technically, the SET Index is expected to move sideways down, with the support at 1,398/1,390 points and the resistance at 1,414/1,423 points.Prime Minister Srettha is participating in the World Economic Forum from January 15 to 19, where he will engage in discussions with the world's eight leading companies to explore ways to support trade and investment.We recommend blue chip stocks with positive factors: SIS, ADVANC and INTUCH.

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>In Q2FY24, SIS reported revenue at Rs 3,074 Cr, registering a growth of 3.3% on a QoQ basis.</li><li>The company’s consolidated EBITDA for the quarter grew by 3.9% QoQ to Rs 145 Cr, owing to the rebound of international business and strong demand for Indian security solutions.</li><li>It reported a net income of Rs 76 Cr, which declined by 15.9% QoQ. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q2FY24, SIS reported revenue at Rs 3,074 Cr, registering a growth of 3.3% on a QoQ basis.The company’s consolidated EBITDA for the quarter grew by 3.9% QoQ to Rs 145 Cr, owing to the rebound of international business and strong demand for Indian security solutions.It reported a net income of Rs 76 Cr, which declined by 15.9% QoQ. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SIS Ltd. - Superior Execution; Improving Outlook to Support Growth

<ul><li>In Q1FY24, SIS reported flattish revenue at Rs 2,976 Cr, registering a de-growth of 0.6% on a QoQ basis.</li><li>The company’s consolidated EBITDA for the quarter grew by 3.2% QoQ to Rs 139 Cr, owing to the rebound of international business and strong demand for Indian security solutions.</li><li>It reported a net income of Rs 89 Cr which declined by 3.9% QoQ. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q1FY24, SIS reported flattish revenue at Rs 2,976 Cr, registering a de-growth of 0.6% on a QoQ basis.The company’s consolidated EBITDA for the quarter grew by 3.2% QoQ to Rs 139 Cr, owing to the rebound of international business and strong demand for Indian security solutions.It reported a net income of Rs 89 Cr which declined by 3.9% QoQ. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SIS Ltd - Superior Execution; Improving Outlook to Support Growth

<ul><li>In Q4FY23, SIS reported strong growth with revenue at Rs 2,996 Cr, registering a growth of 3.1% QoQ.</li><li>Consolidated EBITDA for the quarter grew by 15.1% QoQ to Rs 135 Cr, owing to the rebound of international business.</li><li>The company reported a net income of Rs 94 Cr which declined by 10.5% QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q4FY23, SIS reported strong growth with revenue at Rs 2,996 Cr, registering a growth of 3.1% QoQ.Consolidated EBITDA for the quarter grew by 15.1% QoQ to Rs 135 Cr, owing to the rebound of international business.The company reported a net income of Rs 94 Cr which declined by 10.5% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SIS Ltd - Better Execution; Improving Outlook to Support Growth

<ul>
<li>Robust outlook on the verticals such as Security Solutions and Facility Management.</li>
<li>The international business vertical has improved and is likely to regain momentum.</li>
<li>The management is confident of gaining medium-term demand momentum on the backdrop of the deals it has won in the previous quarters. It also expects improvement on the margin front moving forward.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


Robust outlook on the verticals such as Security Solutions and Facility Management.
The international business vertical has improved and is likely to regain momentum.
The management is confident of gaining medium-term demand momentum on the backdrop of the deals it has won in the previous quarters. It also expects improvement on the margin front moving forward.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SIS Ltd. - Robust Execution; Improving Outlook to Support Growth

India

SIS Limited is a multinational business services provider, offering security, facility management, and cash logistics services. The company provides a comprehensive range of security solutions, including manned guarding, electronic security, and emergency response, along with integrated facility management and cash-in-transit services. SIS Limited is headquartered in New Delhi, India, and was founded in 1985.

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SIS (SECIS IN)

Today's Dominant Ideas

Technically, the SET Index is expected to move sideways down, with the support at 1,398/1,390 points and the resistance at 1,414/1,423...

Krungthai XSpring

SIS Ltd. - Superior Execution; Improving Outlook to Support Growth

The company’s consolidated EBITDA for the quarter grew by 3.9% QoQ to Rs 145 Cr, owing to the rebound of international business and strong demand...

Axis Direct

SIS Ltd - Superior Execution; Improving Outlook to Support Growth

The company’s consolidated EBITDA for the quarter grew by 3.2% QoQ to Rs 139 Cr, owing to the rebound of international business and strong demand...

Axis Direct

SIS Ltd - Better Execution; Improving Outlook to Support Growth

In Q4FY23, SIS reported strong growth with revenue at Rs 2,996 Cr, registering a growth of 3.1% QoQ. Consolidated EBITDA for the quarter grew by...

Axis Direct

SIS Ltd. - Robust Execution; Improving Outlook to Support Growth

Robust outlook on the verticals such as Security Solutions and Facility Management. The international business vertical has improved and is likely...

Axis Direct

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