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>DOHOME's share price correction has largely priced in its weak 2Q22 earnings performance on cost and margin pressure.</li><li>We cut the company's 2022-23E earnings to reflect the trend, with the margin momentum expected to resume in 4Q22E, alongside the steady enlargement of sales.</li><li>We maintain our Outperform rating, with our valuation matrix showing strong long-term growth and neutral tactical risk, against the demanding current valuation.</li></ul>

DOHOME's share price correction has largely priced in its weak 2Q22 earnings performance on cost and margin pressure.We cut the company's 2022-23E earnings to reflect the trend, with the margin momentum expected to resume in 4Q22E, alongside the steady enlargement of sales.We maintain our Outperform rating, with our valuation matrix showing strong long-term growth and neutral tactical risk, against the demanding current valuation.

Resilient Sales and Cost Challenges in Growth Cycle

Dohome

Resilient Sales and Cost Challenges in Growth Cycle