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

<p>ADVANC delivered in-line core profit in 2Q21, retaining EBITDA growth amidst a weak top line thanks to cost optimization. The prolonged new wave of COVID-19 led the company to revise down its service revenue growth and EBITDA guidance, which is still in line with our model. We thus leave our forecast unchanged and maintain a Buy rating.</p>

ADVANC delivered in-line core profit in 2Q21, retaining EBITDA growth amidst a weak top line thanks to cost optimization. The prolonged new wave of COVID-19 led the company to revise down its service revenue growth and EBITDA guidance, which is still in line with our model. We thus leave our forecast unchanged and maintain a Buy rating.

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