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)

Indonesia Telecom services / Thematic (Sector/Industry)

<ul><li>We expect earnings in 3Q20E for both PLANB and VGI to be close to breaking even thanks to the improvement in the OOH media industry.</li><li>4Q20E earnings are likely to return to profit on the back of the normal high season.</li><li>We maintain our Neutral view on the OOH media sector, with PLANB remaining the top pick (Buy; TP Bt7.00) owing to strong earnings growth in 2021E.</li></ul>

We expect earnings in 3Q20E for both PLANB and VGI to be close to breaking even thanks to the improvement in the OOH media industry.4Q20E earnings are likely to return to profit on the back of the normal high season.We maintain our Neutral view on the OOH media sector, with PLANB remaining the top pick (Buy; TP Bt7.00) owing to strong earnings growth in 2021E.

Easing of COVID-19 Impact Neutral