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>We recommend selling to take profit on AJ, with the return at +6.4%, and buying SABINA instead.</li><li>We have a positive view on the earnings prospects of SABINA in 2H22E.</li><li>We expect net profit to expand by 6.2% HoH to Bt224.1mn in 2H22E, driven by the peak sales season at the year-end festive season, which should lead to full-year earnings growth of 47.9% YoY to Bt435mn.</li></ul>

We recommend selling to take profit on AJ, with the return at +6.4%, and buying SABINA instead.We have a positive view on the earnings prospects of SABINA in 2H22E.We expect net profit to expand by 6.2% HoH to Bt224.1mn in 2H22E, driven by the peak sales season at the year-end festive season, which should lead to full-year earnings growth of 47.9% YoY to Bt435mn.

Sabina

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