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 suggest selling AWC (as it has fallen out of our top rankings) and BH (earnings growth is likely to fall short of our criteria of 5%); the stocks generated returns of -3.62% and +13.84%, respectively.</li><li>We also add SJWD to the portfolio in anticipation of accelerated earnings growth in 2H23E.</li><li>This aligns with the positive indicators of a demand recovery in both the transportation and cold chain sectors, along with the outcome of the merger with SCGL.</li></ul>

We suggest selling AWC (as it has fallen out of our top rankings) and BH (earnings growth is likely to fall short of our criteria of 5%); the stocks generated returns of -3.62% and +13.84%, respectively.We also add SJWD to the portfolio in anticipation of accelerated earnings growth in 2H23E.This aligns with the positive indicators of a demand recovery in both the transportation and cold chain sectors, along with the outcome of the merger with SCGL.

Big Cap Tactical Picks (Eng. / September 4, 2023)

SCGJWD Logistics

Big Cap Tactical Picks (Eng. / September 4, 2023)