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>SCB is added to the portfolio following the attractive dividend yield of 7.0% (XD on April 17, 2024), as well as SJWD and TU in response to their stronger earnings growth outlooks in 2024E (with expected 2024E profit growth of 61.58% YoY and 144.3% YoY, respectively).</li><li>We suggest selling PTT and SISB as the stocks have fallen below our ranking threshold; their returns since our initial buy recommendation are 0.7% and 7.8%, respectively.</li></ul>

SCB is added to the portfolio following the attractive dividend yield of 7.0% (XD on April 17, 2024), as well as SJWD and TU in response to their stronger earnings growth outlooks in 2024E (with expected 2024E profit growth of 61.58% YoY and 144.3% YoY, respectively).We suggest selling PTT and SISB as the stocks have fallen below our ranking threshold; their returns since our initial buy recommendation are 0.7% and 7.8%, respectively.

SCB X

Big Cap Tactical Picks