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>THCOM's core operation again reversed into the red in 3Q20, mainly on weak satellite revenue.</li><li>We, thus, leave our Sell rating unchanged and roll over our DCF-based target price to 2021E at Bt4.60.</li><li>THCOM reported a net profit of Bt77mn in 3Q20, reversing from the net loss of Bt113mn in 3Q19.</li></ul>

THCOM's core operation again reversed into the red in 3Q20, mainly on weak satellite revenue.We, thus, leave our Sell rating unchanged and roll over our DCF-based target price to 2021E at Bt4.60.THCOM reported a net profit of Bt77mn in 3Q20, reversing from the net loss of Bt113mn in 3Q19.

Core Operation Again Reversed to a Loss in 3Q20

Thaicom

Core Operation Again Reversed to a Loss in 3Q20