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

Thoresen Thai Agencies / Equity Bottom-Up

<ul><li>TTA's performance is largely tied to the shipping business</li><li>Agrochemical and food & beverage businesses are cash cows, while the offshore services business is turning around nicely</li><li>Expect earnings to decline in 2023-24E</li></ul>

TTA's performance is largely tied to the shipping businessAgrochemical and food & beverage businesses are cash cows, while the offshore services business is turning around nicelyExpect earnings to decline in 2023-24E

Thoresen Thai Agencies

Cheap but Earnings in Decline Trend