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

Srinanaporn Marketing Public Company Limited / Equity Bottom-Up

Srinanaporn Marketing Public Company Limited (SNNP TB)

Srinanaporn Marketing Public Company Limited

<ul><li>We have a neutral view on SNNP’s 1Q24E earnings prospects as well as the earnings outlook for the remainder of the year.</li><li>Therefore, we maintain our Outperform rating, with a fair value of Bt21.35.</li><li>Our valuation metrics indicate that the stock is attractive based on both the short-term and long-term earnings growth prospects. </li></ul>

We have a neutral view on SNNP’s 1Q24E earnings prospects as well as the earnings outlook for the remainder of the year.Therefore, we maintain our Outperform rating, with a fair value of Bt21.35.Our valuation metrics indicate that the stock is attractive based on both the short-term and long-term earnings growth prospects. 

Srinanaporn Marketing -1Q24E Earnings Expected to Grow 2% YoY but Decrease 4% QoQ