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

<div><div><div><div><p>The move to acquire the 768MW Temple I power plant in Texas is aligned with the BANPU Group’s growth transition to a “greener and smarter” portfolio and paves the way to entering the power business under a wholesale electricity market with an advanced trading system in the US. We preliminarily expect Temple I to generate immediate cash flow (starting in 2022E), implying upside risk of 8-10% to BANPU’s earnings and 6-7% to BPP’s earnings. We maintain a Hold rating on BANPU.</p></div></div></div></div>

The move to acquire the 768MW Temple I power plant in Texas is aligned with the BANPU Group’s growth transition to a “greener and smarter” portfolio and paves the way to entering the power business under a wholesale electricity market with an advanced trading system in the US. We preliminarily expect Temple I to generate immediate cash flow (starting in 2022E), implying upside risk of 8-10% to BANPU’s earnings and 6-7% to BPP’s earnings. We maintain a Hold rating on BANPU.

Banpu Public

Company Update: Banpu Plc. (BANPU)