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>Concerns have emerged over ITC potentially being subject to the global minimum tax (GMT), in line with its parent company TU.</li><li>The 4Q24E earnings performance is expected to remain flat YoY but weaken QoQ.</li><li>We believe the stock price fall to below Bt19 (a 12% drop from the early December 2024 closing price prior to the GMT news) reflected an overreaction to this concern.</li></ul>

Concerns have emerged over ITC potentially being subject to the global minimum tax (GMT), in line with its parent company TU.The 4Q24E earnings performance is expected to remain flat YoY but weaken QoQ.We believe the stock price fall to below Bt19 (a 12% drop from the early December 2024 closing price prior to the GMT news) reflected an overreaction to this concern.

Stock Price Fell by 8% Following Information Revealed at Analyst Meeting

Itc Holdings

Stock Price Fell by 8% Following Information Revealed at Analyst Meeting