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 recommend buying <strong>SJWD</strong> in response to the acceleration of the 2H23E earnings, in line with the recovery in demand in the transportation and cold chain storage businesses, as well as the positive outcome of the consolidation with SCGL.</li><li>The consensus estimate calls for the 2023E earnings to grow 57.3% to Bt793mn.</li></ul>

We recommend buying SJWD in response to the acceleration of the 2H23E earnings, in line with the recovery in demand in the transportation and cold chain storage businesses, as well as the positive outcome of the consolidation with SCGL.The consensus estimate calls for the 2023E earnings to grow 57.3% to Bt793mn.

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