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 ADVANC to the portfolio in response to the easing of competition in the mobile business (the consensus projects 4Q23E earnings growth of 2.66% YoY and 2.63% QoQ to Bt7.56bn).</li><li>We also add ERW, which should benefit from the government's tourism boosting measures.</li><li>Finally, TISCO and INTUCH are added as attractive dividend plays, with yields projected at 2.0% and 2.1%, respectively, for the 1H24E performances.</li></ul>

We add ADVANC to the portfolio in response to the easing of competition in the mobile business (the consensus projects 4Q23E earnings growth of 2.66% YoY and 2.63% QoQ to Bt7.56bn).We also add ERW, which should benefit from the government's tourism boosting measures.Finally, TISCO and INTUCH are added as attractive dividend plays, with yields projected at 2.0% and 2.1%, respectively, for the 1H24E performances.

Big Cap Tactical Picks (Eng. / January 29, 2024)

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Big Cap Tactical Picks (Eng. / January 29, 2024)