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

Srinanaporn Marketing Public Company Limited / Equity Bottom-Up

Srinanaporn Marketing Public Company Limited (SNNP TB)

Srinanaporn Marketing Public Company Limited

<ul><li>KTX holds a neutral view after the analyst meeting and maintains 3-year earnings at a 22% CAGR.</li><li>The planned production of the plant in Vietnam, clearer new product launches, and marketing plans should help drive earnings growth to reach the target.</li><li>There is also upside risk from potential expansion to China and the Philippines, as well as the restructuring of the freight forwarding business operated by a subsidiary (Siripro) in order to reduce losses (expected to improve in 2H23E). </li></ul>

KTX holds a neutral view after the analyst meeting and maintains 3-year earnings at a 22% CAGR.The planned production of the plant in Vietnam, clearer new product launches, and marketing plans should help drive earnings growth to reach the target.There is also upside risk from potential expansion to China and the Philippines, as well as the restructuring of the freight forwarding business operated by a subsidiary (Siripro) in order to reduce losses (expected to improve in 2H23E). 

Analyst Briefing - Srinanaporn Marketing Plc. (SNNP)