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 WHA to the portfolio.</li><li>The consensus estimate for its 2023E earnings is likely to be revised up from Bt3,705mn (-8.42% YoY) after the analyst meeting last quarter to reflect the possible relocation of production bases from China due to geopolitical tensions.</li><li>SAWAD is also added to the portfolio.</li></ul>

We add WHA to the portfolio.The consensus estimate for its 2023E earnings is likely to be revised up from Bt3,705mn (-8.42% YoY) after the analyst meeting last quarter to reflect the possible relocation of production bases from China due to geopolitical tensions.SAWAD is also added to the portfolio.

WHA Corporation

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