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

Thematic (Sector/Industry)

Thailand Consumer discretionary / Thematic (Sector/Industry)

<ul><li>Auto production in November 2024 continued to decline YoY for the 16th consecutive month, pressured by both weak domestic demand and export challenges.</li><li>This serves as a negative signal for the 4Q24E performances of auto parts manufacturers. As a result, we maintain an Underweight rating on this sector.</li><li>However, speculative opportunities are likely to emerge in 1Q25E, driven by anticipated dividend yields.</li></ul>

Auto production in November 2024 continued to decline YoY for the 16th consecutive month, pressured by both weak domestic demand and export challenges.This serves as a negative signal for the 4Q24E performances of auto parts manufacturers. As a result, we maintain an Underweight rating on this sector.However, speculative opportunities are likely to emerge in 1Q25E, driven by anticipated dividend yields.

Automotive - DECEMBER 25, 2024