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>PSL reported a net loss in 1Q20 owing to a weak TC rate.</li><li>Meanwhile, the BDI and TC rate may continue weakening in the rest of this year given the oversupply.</li><li>Thus, we decided to make a further cut to PSL's TC rate assumptions and earnings in 2020E.</li></ul>

PSL reported a net loss in 1Q20 owing to a weak TC rate.Meanwhile, the BDI and TC rate may continue weakening in the rest of this year given the oversupply.Thus, we decided to make a further cut to PSL's TC rate assumptions and earnings in 2020E.

Oversupply in Bulk Ship Industry to Continue