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 selling LH (return of -0.5% since we recommended buying it), as the stock has fallen out of our top rankings.</li><li>We recommend buying ORI to replace LH.</li><li>The market expects ORI's 2023E earnings to continue to grow (+9.58% YoY to Bt4,137mn), in line with the firm's target for all-time highs in all aspects, with its transfer target at Bt30bn, up 62.00%.</li></ul>

We recommend selling LH (return of -0.5% since we recommended buying it), as the stock has fallen out of our top rankings.We recommend buying ORI to replace LH.The market expects ORI's 2023E earnings to continue to grow (+9.58% YoY to Bt4,137mn), in line with the firm's target for all-time highs in all aspects, with its transfer target at Bt30bn, up 62.00%.

Laboratory Corporation of America Holdings (LH US)

Laboratory Corporation of America Holdings

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Old Republic Intl

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