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>We lift PSL's earnings estimates in 2020-21E to reflect the better-than-expected performances of the BDI and TC rate.</li><li>We expect PSL's earnings in 2H20E to improve from 1H20 thanks to the better performance of the BDI.</li><li>We maintain our view that the BDI will increase further in 2021E on the back of global demand growth for bulk ships outpacing supply growth next year.</li></ul>

We lift PSL's earnings estimates in 2020-21E to reflect the better-than-expected performances of the BDI and TC rate.We expect PSL's earnings in 2H20E to improve from 1H20 thanks to the better performance of the BDI.We maintain our view that the BDI will increase further in 2021E on the back of global demand growth for bulk ships outpacing supply growth next year.

PSL

Improving Sentiment