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 SET Index is expected to move sideways up, with the resistance at 1,605/1,610 points and the support at 1,585/1,580 points.</li><li>The Bloomberg consensus calls for eight commercial banks to report a combined net profit of Bt55,800mn, up 7.8% YoY and 36.1% QoQ.</li><li>We recommend underperforming banks that are expected to report good 1Q23E earnings growth: KBANK, KTB and SCB.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,605/1,610 points and the support at 1,585/1,580 points.The Bloomberg consensus calls for eight commercial banks to report a combined net profit of Bt55,800mn, up 7.8% YoY and 36.1% QoQ.We recommend underperforming banks that are expected to report good 1Q23E earnings growth: KBANK, KTB and SCB.

Speculate on Banking Stocks Ahead of the Reports of 1Q23 Earnings

K Bank

Speculate on Banking Stocks Ahead of the Reports of 1Q23 Earnings