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>An explosion occurred at a Valero Energy refinery in Port Arthur on the evening of Monday, March 23 (local time).</li><li>The Valero refinery is a large, complex facility located on the US Gulf Coast and is a net diesel exporter to Europe and Latin America.</li><li>We are positive in the short term on diesel and jet crack spreads, as global supply is expected to tighten.</li></ul>

An explosion occurred at a Valero Energy refinery in Port Arthur on the evening of Monday, March 23 (local time).The Valero refinery is a large, complex facility located on the US Gulf Coast and is a net diesel exporter to Europe and Latin America.We are positive in the short term on diesel and jet crack spreads, as global supply is expected to tighten.

Energy (Refinery): An Explosion Occurred At A Valero Refinery (400kbd Capacity) In Texas

Brazil

Vale S.A. is a Brazilian multinational corporation engaged in metals and mining, and one of the largest logistics operators in Brazil. It is a leading producer of iron ore and nickel, also extracting copper, manganese, and ferroalloys. The company was founded in 1942 and is headquartered in Rio de Janeiro, Brazil.

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