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>Weak sales growth has negatively impacted profitability, leading us to revise down our earnings projections by 33-40%.</li><li>As a result, earnings growth over the next three years is expected to remain stable, signaling that the long-term growth outlook is no longer compelling.</li><li>We are waiting for positive developments in the recovery of high-margin product sales to offset the declining sales in China.</li></ul>

Weak sales growth has negatively impacted profitability, leading us to revise down our earnings projections by 33-40%.As a result, earnings growth over the next three years is expected to remain stable, signaling that the long-term growth outlook is no longer compelling.We are waiting for positive developments in the recovery of high-margin product sales to offset the declining sales in China.

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