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>Due to high debt leverage, power stocks are negatively impacted by the prolonged interest rate upcycle and baht depreciation.</li><li>BGRIM's current share price indicates a neutral stance in terms of the tactical risks.</li><li>However, the current valuation is attractive, and the LT earnings momentum is strong (with a more stable IU margin, higher power sales volume, and the gradual commercial commencement of new projects). </li></ul>

Due to high debt leverage, power stocks are negatively impacted by the prolonged interest rate upcycle and baht depreciation.BGRIM's current share price indicates a neutral stance in terms of the tactical risks.However, the current valuation is attractive, and the LT earnings momentum is strong (with a more stable IU margin, higher power sales volume, and the gradual commercial commencement of new projects). 

B.grimm Power - Expect 1Q24E Core Profit Growth but NP Pressured by FX Losses

B Grimm Power

B.grimm Power - Expect 1Q24E Core Profit Growth but NP Pressured by FX Losses