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>PLANB's earnings in 1Q20 started to be hit by COVID-19, and we believe the impact will increase significantly in 2Q20E.</li><li>As the share price has moved close to our DCF-based TP of Bt6.00, we maintain our Hold rating.</li><li>PLANB delivered net profit of Bt84mn in 1Q20, -46% YoY and -63% QoQ, below the street estimate by 7%.</li></ul>

PLANB's earnings in 1Q20 started to be hit by COVID-19, and we believe the impact will increase significantly in 2Q20E.As the share price has moved close to our DCF-based TP of Bt6.00, we maintain our Hold rating.PLANB delivered net profit of Bt84mn in 1Q20, -46% YoY and -63% QoQ, below the street estimate by 7%.

Plan B Media

Weak Results Owing to COVID-19