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>INTUCH's 3Q20 core earnings plunged YoY on the weaker performance of both ADVANC and THCOM.</li><li>The slow pace of spending recovery leads us to trim the earnings estimate for ADVANC by 12%, resulting in a downgrade to INTUCH's earnings by the same degree.</li><li>With ample upside to the fair value together with a 5% yield, we leave our Buy rating unchanged.</li></ul>

INTUCH's 3Q20 core earnings plunged YoY on the weaker performance of both ADVANC and THCOM.The slow pace of spending recovery leads us to trim the earnings estimate for ADVANC by 12%, resulting in a downgrade to INTUCH's earnings by the same degree.With ample upside to the fair value together with a 5% yield, we leave our Buy rating unchanged.

Intouch Holdings

Downbeat Earnings; Play on Dividend