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>2Q22E earnings expected to increase 88% YoY and 18% QoQ, driven by strong freight rates</li><li>Upward earnings revision in 2022- 23E by 54- 115% reflects extended upcycle</li><li>Neutral view on the stock, as freight rates should have already peaked out</li></ul><ul style="list-style-type: none;"><li> </li></ul>

2Q22E earnings expected to increase 88% YoY and 18% QoQ, driven by strong freight ratesUpward earnings revision in 2022- 23E by 54- 115% reflects extended upcycleNeutral view on the stock, as freight rates should have already peaked out 

Precious Shipping

Small Cap Update - Precious Shipping PSL