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 maintains a Neutral rating and the 12M fair value of Bt24.14, based on the earnings yield and a required rate of return of 4.1% ( vs. Bt22. 65 previously) .</li><li>The valuation metrics suggest that the long- term earnings prospects are strong, with an expected turnaround.</li><li>The current view on the fundamentals is neutral, while the tactical upside risk is very limited.</li></ul>

KTX maintains a Neutral rating and the 12M fair value of Bt24.14, based on the earnings yield and a required rate of return of 4.1% ( vs. Bt22. 65 previously) .The valuation metrics suggest that the long- term earnings prospects are strong, with an expected turnaround.The current view on the fundamentals is neutral, while the tactical upside risk is very limited.

Betagro - Expect 2Q24E Earnings Turnaround; Positive Momentum in 3Q24E