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 add ADVANC to the portfolio in response to the easing of competition in the mobile phone business.</li><li>The consensus expects 4Q23E net profit growth of 2.66% YoY and 2.63% QoQ to Bt7.56bn.</li><li>We recommend selling CENTEL and KTB as they have fallen out of our top rankings (returns: -3.33% and -2.65%, respectively).</li></ul>

We add ADVANC to the portfolio in response to the easing of competition in the mobile phone business.The consensus expects 4Q23E net profit growth of 2.66% YoY and 2.63% QoQ to Bt7.56bn.We recommend selling CENTEL and KTB as they have fallen out of our top rankings (returns: -3.33% and -2.65%, respectively).

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