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 TQM, as its earnings are anticipated to rebound in 2H23E (+6.37% YoY to Bt484mn), aligning with the recovery across all product lines and the stabilization in the organization's cost pressures.</li><li>We recommend cutting losses on BH and KBANK (return: 1.54%), as they have fallen out of our top rankings.</li></ul>

We recommend buying TQM, as its earnings are anticipated to rebound in 2H23E (+6.37% YoY to Bt484mn), aligning with the recovery across all product lines and the stabilization in the organization's cost pressures.We recommend cutting losses on BH and KBANK (return: 1.54%), as they have fallen out of our top rankings.

TQM Alpha

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