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>AIT believes its 2020E revenue target of Bt6bn will be achieved on the back of a flood of tendering for public projects.</li><li>We expect its earnings to accelerate in 2H20E alongside the easing of the lockdown measures.</li><li>Despite limited upside to our TP, its nearly 10% yield causes us to keep our Hold call.</li></ul>

AIT believes its 2020E revenue target of Bt6bn will be achieved on the back of a flood of tendering for public projects.We expect its earnings to accelerate in 2H20E alongside the easing of the lockdown measures.Despite limited upside to our TP, its nearly 10% yield causes us to keep our Hold call.

AIT Corp

Still On Track