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 BH, as the stock has fallen out of our top rankings (return: 2.32%).</li><li>We also add HANA to the portfolio thanks to the expectation for better earnings in 2Q23E at Bt460mn, up 72.9% QoQ (but down 23.67% YoY due to the high base) given the growing demand from the auto and industrial sectors.</li></ul>

We recommend selling BH, as the stock has fallen out of our top rankings (return: 2.32%).We also add HANA to the portfolio thanks to the expectation for better earnings in 2Q23E at Bt460mn, up 72.9% QoQ (but down 23.67% YoY due to the high base) given the growing demand from the auto and industrial sectors.

Big Cap Tactical Picks (Eng. / July 19, 2023)

Hana Materials Inc

Big Cap Tactical Picks (Eng. / July 19, 2023)