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

<p>CPW’s earnings marked a big bounce in 2Q21 on the strong pickup in sales. Although the 3Q21E earnings look challenging due to the prolonged third wave of COVID-19, we keep our full-year forecast unchanged thanks to the new product lineup during the peak season. The new acquisition also creates upside to our 2022E model. Our Hold rating is maintained.</p>

CPW’s earnings marked a big bounce in 2Q21 on the strong pickup in sales. Although the 3Q21E earnings look challenging due to the prolonged third wave of COVID-19, we keep our full-year forecast unchanged thanks to the new product lineup during the peak season. The new acquisition also creates upside to our 2022E model. Our Hold rating is maintained.

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