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>PTG reported a 3Q23 NP of Bt19mn (-89% YoY, -83% QoQ), below our projection of Bt32mn and the consensus estimate of Bt63mn due mainly to higher-than-expected tax expenses.</li><li>The 9M23 NP was notched at Bt408mn, accounting for 63% of the full-year target.</li><li>We maintain our 2023E NP projection of Bt650mn (-30% YoY).</li></ul>

PTG reported a 3Q23 NP of Bt19mn (-89% YoY, -83% QoQ), below our projection of Bt32mn and the consensus estimate of Bt63mn due mainly to higher-than-expected tax expenses.The 9M23 NP was notched at Bt408mn, accounting for 63% of the full-year target.We maintain our 2023E NP projection of Bt650mn (-30% YoY).

PTG Energy

PTG Energy Plc. (PTG)