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 market has already absorbed PTG's revision to its 2023 business targets (as per the conference call after the release of the 2Q23 earnings).</li><li>The marketing margin should continue to be a challenging factor for the 2H23E earnings performance.</li><li>The share price retreat has priced in the negative factors to a certain degree, namely the weak 2Q23 earnings, the challenging marketing margin and the risks regarding the increase in minimum wages.</li></ul>

The market has already absorbed PTG's revision to its 2023 business targets (as per the conference call after the release of the 2Q23 earnings).The marketing margin should continue to be a challenging factor for the 2H23E earnings performance.The share price retreat has priced in the negative factors to a certain degree, namely the weak 2Q23 earnings, the challenging marketing margin and the risks regarding the increase in minimum wages.

PTG Energy

Ptg Energy Plc. (PTG)