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>The earnings performance for 2024E is expected to be primarily influenced by the positive factor of rubber prices, although there may be limited upside risks in this regard.</li><li>NER expects rubber sales volume in 2023E to be close to 500k tons (vs. the previous target of 480-500k tons), growing approximately 10-12% YoY.</li><li>NER has rescheduled the commencement of commercial production for the new plant, STR #3, to 2025.</li></ul>

The earnings performance for 2024E is expected to be primarily influenced by the positive factor of rubber prices, although there may be limited upside risks in this regard.NER expects rubber sales volume in 2023E to be close to 500k tons (vs. the previous target of 480-500k tons), growing approximately 10-12% YoY.NER has rescheduled the commencement of commercial production for the new plant, STR #3, to 2025.

Analyst Briefing: North East Rubber Plc. (NER) - Key Takeaways from the Analyst Meeting