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>The 2Q24 net profit growth was moderate (in line with our projection), but we expect stronger earnings momentum in 2H24E HoH.</li><li>We maintain our earnings projection and the 12M FV of Bt5.78 but switch to an Outperform rating (from Buy).</li><li>We expect a stronger performance in 2H24E, with momentum building HoH.</li></ul>

The 2Q24 net profit growth was moderate (in line with our projection), but we expect stronger earnings momentum in 2H24E HoH.We maintain our earnings projection and the 12M FV of Bt5.78 but switch to an Outperform rating (from Buy).We expect a stronger performance in 2H24E, with momentum building HoH.

In-Line 2Q24 Earnings; Stronger Earnings Momentum in 2H24E

North East Rubber

In-Line 2Q24 Earnings; Stronger Earnings Momentum in 2H24E