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 the following two stocks: i) INTUCH in response to the recovery of ADVANC's earnings, as well as the expected dividend yield of 2.1% for the 2H24E performance; and ii) RBF thanks to expected earnings growth of 61.0% YoY to Bt173mn in 4Q23E.</li><li>We recommend selling ERW as the stock has fallen out of our top rankings (return: 1.0%).</li></ul>

We add the following two stocks: i) INTUCH in response to the recovery of ADVANC's earnings, as well as the expected dividend yield of 2.1% for the 2H24E performance; and ii) RBF thanks to expected earnings growth of 61.0% YoY to Bt173mn in 4Q23E.We recommend selling ERW as the stock has fallen out of our top rankings (return: 1.0%).

Big Cap Tactical Picks (Eng. / February 1, 2024)

Intouch Holdings

Big Cap Tactical Picks (Eng. / February 1, 2024)