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 have raised our 2020E NP forecast by 10% to reflect the stronger-than-expected 9M20 earnings.</li><li>Our Buy rating is reaffirmed, with the 2021E target price of Bt6.70, pegged with a PER of 18x (+1 S.D.).</li><li>But our long-term view on VCOM's prospects remains intact, as we still believe the firm will benefit from the change in the digital technology cycle.</li></ul>

We have raised our 2020E NP forecast by 10% to reflect the stronger-than-expected 9M20 earnings.Our Buy rating is reaffirmed, with the 2021E target price of Bt6.70, pegged with a PER of 18x (+1 S.D.).But our long-term view on VCOM's prospects remains intact, as we still believe the firm will benefit from the change in the digital technology cycle.

2020E Earnings Raised to Reflect Strong 9M20 Earnings

Vintcom Technology

2020E Earnings Raised to Reflect Strong 9M20 Earnings