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>KTX has revised up our 2023-25E earnings projections by 39-48% to reflect the fact that the 1Q23 earnings significantly beat our forecast.</li><li>Earnings are expected to hit a new high in 2Q-3Q23E thanks to the peak sales season in the domestic market as well as export markets.</li><li>We project earnings growth at around 70-80% YoY in 2Q-3Q23E before entering the low season in 4Q23E.</li></ul>

KTX has revised up our 2023-25E earnings projections by 39-48% to reflect the fact that the 1Q23 earnings significantly beat our forecast.Earnings are expected to hit a new high in 2Q-3Q23E thanks to the peak sales season in the domestic market as well as export markets.We project earnings growth at around 70-80% YoY in 2Q-3Q23E before entering the low season in 4Q23E.

SAPPE TB - Strong Earnings Momentum; Earnings Forecasts and Rating Revised Up

Sappe Pcl

SAPPE TB - Strong Earnings Momentum; Earnings Forecasts and Rating Revised Up