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 ICHI to the portfolio in response to the government's tourism boost measure.</li><li>The firm's 2023E earnings are expected to have grown 69.4% to Bt1.08bn.</li><li>We suggest selling GULF as the stock has fallen out of our top rankings (return: -1.1%) and cutting losses on CK as the negative return at -6.8% has reached our threshold for loss cutting.</li></ul>

We add ICHI to the portfolio in response to the government's tourism boost measure.The firm's 2023E earnings are expected to have grown 69.4% to Bt1.08bn.We suggest selling GULF as the stock has fallen out of our top rankings (return: -1.1%) and cutting losses on CK as the negative return at -6.8% has reached our threshold for loss cutting.

Ichitan

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