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 have a positive view in the medium term on GPSC's step into offshore wind projects in Taiwan, with the profit contribution to start in 2022-24E.</li><li>Although the company will be in the growth mode in 2021-23E, we expect the planned capital expenditures to be at a manageable level and have no concern over capital raising.</li><li>Our Hold rating is maintained.</li></ul>

We have a positive view in the medium term on GPSC's step into offshore wind projects in Taiwan, with the profit contribution to start in 2022-24E.Although the company will be in the growth mode in 2021-23E, we expect the planned capital expenditures to be at a manageable level and have no concern over capital raising.Our Hold rating is maintained.

Stepping Into Offshore Wind Projects in Taiwan

Global Power Synergy

Stepping Into Offshore Wind Projects in Taiwan