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 taking profit on TTB as the return since it was added has reached our threshold for profit taking at 10%.</li><li>CK has been added to the portfolio in response to the optimistic prospects for potential bidding on public construction projects.</li><li>Its investment in affiliates (BEM, CKP and TTW) will also act as a cushion to its overall earnings performance; the market expects the 4Q23E earnings growth to have doubled YoY to Bt233mn.</li></ul>

We recommend taking profit on TTB as the return since it was added has reached our threshold for profit taking at 10%.CK has been added to the portfolio in response to the optimistic prospects for potential bidding on public construction projects.Its investment in affiliates (BEM, CKP and TTW) will also act as a cushion to its overall earnings performance; the market expects the 4Q23E earnings growth to have doubled YoY to Bt233mn.

Big Cap Tactical Picks (Eng. / February 6, 2024)

CK Solution

Big Cap Tactical Picks (Eng. / February 6, 2024)