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.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Equity Bottom-Up

<ul><li>We expect the 1Q20E earnings to fall both YoY and QoQ due to weak demand and narrower petrochemical spreads YoY.</li><li>We have revised down our 2020-21E core profit forecasts by 9%, which results in a new DCF-based target price of Bt372.</li><li>We reaffirm our Hold rating.</li></ul>

We expect the 1Q20E earnings to fall both YoY and QoQ due to weak demand and narrower petrochemical spreads YoY.We have revised down our 2020-21E core profit forecasts by 9%, which results in a new DCF-based target price of Bt372.We reaffirm our Hold rating.

2020-21E Core Profit Forecasts Revised Down to Reflect Slower Demand Due to COVID-19

Scc Holdings

2020-21E Core Profit Forecasts Revised Down to Reflect Slower Demand Due to COVID-19