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

Thematic (Sector/Industry)

Thailand Banks / Thematic (Sector/Industry)

<ul><li>We maintain our cautious view on the banking sector given the uncertainty surrounding the impact of the COVID-19 outbreak and fears of a global recession.</li><li>We also cut our earnings estimates for banks in 2020-21E by 22-25% to factor in the possible impact from COVID-19.</li><li>BBL still looks to be in the best position to withstand the headwinds.</li></ul>

We maintain our cautious view on the banking sector given the uncertainty surrounding the impact of the COVID-19 outbreak and fears of a global recession.We also cut our earnings estimates for banks in 2020-21E by 22-25% to factor in the possible impact from COVID-19.BBL still looks to be in the best position to withstand the headwinds.

Cloudy Outlook Ahead