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>Geopolitical risk remains a trading catalyst and provides downside support for both upstream and downstream stocks.</li><li>However, strong YTD share-price gains-35% for upstream stocks and 75-120% for downstream stocks-have stretched valuations.</li><li>We maintain our Neutral rating and recommend accumulating on weakness.</li></ul>

Geopolitical risk remains a trading catalyst and provides downside support for both upstream and downstream stocks.However, strong YTD share-price gains-35% for upstream stocks and 75-120% for downstream stocks-have stretched valuations.We maintain our Neutral rating and recommend accumulating on weakness.

Energy (Upstream-Downstream): Valuation Stretched; Accumulate Sustainable High Dividend and Story-Driven Plays on Weakness – Neutral

SciSparc

Energy (Upstream-Downstream): Valuation Stretched; Accumulate Sustainable High Dividend and Story-Driven Plays on Weakness – Neutral