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>PSL reported a huge net loss in 2Q20 on extra items and a larger core loss due to the negative impact of COVID-19 on the bulk ship industry globally.</li><li>Although we believe the worst has likely passed, the increase in PSL's share price by 75% over three months already reflects the positives, in our view.</li><li>We thus switch our rating to Sell (from Hold).</li></ul>

PSL reported a huge net loss in 2Q20 on extra items and a larger core loss due to the negative impact of COVID-19 on the bulk ship industry globally.Although we believe the worst has likely passed, the increase in PSL's share price by 75% over three months already reflects the positives, in our view.We thus switch our rating to Sell (from Hold).

PSL

Weak Results Partly From Extra Items