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>KTX has revised up our rating to Neutral (vs. Underperform previously).</li><li>We have revised down the 2023-25E earnings.</li><li>Our projection for 2023E now calls for the first loss in five years, followed by an earnings turnaround in 2024E.</li></ul>

KTX has revised up our rating to Neutral (vs. Underperform previously).We have revised down the 2023-25E earnings.Our projection for 2023E now calls for the first loss in five years, followed by an earnings turnaround in 2024E.

Expect Losses in 3Q-4Q23E; Revised Down 2023-25E Earnings

Betagro

Expect Losses in 3Q-4Q23E; Revised Down 2023-25E Earnings