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

Thoresen Thai Agencies / Equity Bottom-Up

<ul><li>TTA's performance is largely tied to the shipping business</li><li>Agrochemical and food & beverage businesses are cash cows, while the offshore services business is turning around nicely</li><li>Expect earnings to decline in 2023-24E</li></ul>

TTA's performance is largely tied to the shipping businessAgrochemical and food & beverage businesses are cash cows, while the offshore services business is turning around nicelyExpect earnings to decline in 2023-24E

<ul><li>The SET Index is expected to move sideways, with the resistance at 1,690/1,700 points and the support at 1,680/1,670 points.</li><li>Technically, the index is retreating amid the uptrend.</li><li>Tactically, in the short term, we recommend trading buy on laggard plays in the energy, petrochemical and asset management (AMC) sectors.</li></ul>

The SET Index is expected to move sideways, with the resistance at 1,690/1,700 points and the support at 1,680/1,670 points.Technically, the index is retreating amid the uptrend.Tactically, in the short term, we recommend trading buy on laggard plays in the energy, petrochemical and asset management (AMC) sectors.

Thailand

Thoresen Thai Agencies is a strategic investment holding company with a diversified portfolio across five core business groups: Shipping, Offshore Services, Agrochemical, Food & Beverage, and Investment. The company engages in activities such as dry bulk vessel ownership, subsea engineering for the oil and gas industry, fertilizer production, and operating Pizza Hut and Taco Bell restaurants. Thoresen Thai Agencies is headquartered in Bangkok, Thailand, and was founded in 1904.

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

Thoresen Thai Agencies (TTA-R TB)

Cheap but Earnings in Decline Trend

TTA's performance is largely tied to the shipping business Agrochemical and food & beverage businesses are cash cows, while the offshore...

Krungthai XSpring

Market Outlook

The SET Index is expected to move sideways, with the resistance at 1,690/1,700 points and the support at 1,680/1,670 points. Technically, the...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)