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

Bangkok Dusit Medical Services / Equity Bottom-Up

<ul><li>We downgrade our rating to Neutral (previously Outperform) and slightly lower the fair value to Bt27.50, based on a required return of 3.8% (previously Bt29.00 and 3.5%).</li><li>The tactical view is now neutral (previously limited downside risk).</li><li>We maintain a positive view on the fundamentals, as the market price implies upside of +19% to the fair value.</li></ul>

We downgrade our rating to Neutral (previously Outperform) and slightly lower the fair value to Bt27.50, based on a required return of 3.8% (previously Bt29.00 and 3.5%).The tactical view is now neutral (previously limited downside risk).We maintain a positive view on the fundamentals, as the market price implies upside of +19% to the fair value.

Bangkok Dusit Medical Services - In-Line 4Q24 Earnings