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 negative view on the information obtained from the recent analyst meeting.</li><li>The earnings outlook in 1Q23E seems gloomy, with the firm revising down its sales growth and gross profit margin targets.</li><li>This led us to trim our 2023-24E core profit projections by 4.6% and 4.8%, respectively.</li></ul>

We have a negative view on the information obtained from the recent analyst meeting.The earnings outlook in 1Q23E seems gloomy, with the firm revising down its sales growth and gross profit margin targets.This led us to trim our 2023-24E core profit projections by 4.6% and 4.8%, respectively.

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