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

PTT Oil & Retail Business  / Equity Bottom-Up

<ul><li>The 2Q24 earnings weakened as expected, pressured mainly by the mobility business.</li><li>The 2H24E earnings are likely to continue to be pressured by the mobility business (with both challenging sales volume and GP/liter) .</li><li>Conversely, the lifestyle and global businesses will grow strongly in the period. </li></ul>

The 2Q24 earnings weakened as expected, pressured mainly by the mobility business.The 2H24E earnings are likely to continue to be pressured by the mobility business (with both challenging sales volume and GP/liter) .Conversely, the lifestyle and global businesses will grow strongly in the period. 

OR TB -Weak 2Q24 Earnings as Expected, Weighed Down by Mobility Business