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 suggest buying AMATA.</li><li>The consensus 2023E earnings projection has been revised up by 5.62% to Bt1,833mn in the past month after the firm raised its land sales target by 50% to 2,250 rai.</li><li>We recommend selling AWC and BDMS as their negative returns at -6.66% and -5.88%, respectively, have fallen to our threshold for loss stopping.</li></ul>

We suggest buying AMATA.The consensus 2023E earnings projection has been revised up by 5.62% to Bt1,833mn in the past month after the firm raised its land sales target by 50% to 2,250 rai.We recommend selling AWC and BDMS as their negative returns at -6.66% and -5.88%, respectively, have fallen to our threshold for loss stopping.

Amata Corporation

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