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

Wha Industrial Development / Equity Bottom-Up

<ul><li>We expect WHA's 2020E earnings to grow by 16.1% after increasing 11.1% in 2019.</li><li>We maintain a Buy rating with the 2020E TP at Bt4.30, based on 17x PER.</li><li>WHA has a short-term catalyst from the 2H19 dividend yield of 2%.</li></ul>

We expect WHA's 2020E earnings to grow by 16.1% after increasing 11.1% in 2019.We maintain a Buy rating with the 2020E TP at Bt4.30, based on 17x PER.WHA has a short-term catalyst from the 2H19 dividend yield of 2%.

Earnings Review WHA Corporation Plc. (WHA) Property Development