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

Bumrungrad Hospital Pub Co / Equity Bottom-Up

<ul><li>We initiate coverage on BH with an Underperform rating.</li><li>Negative valuation metrics indicate a bearish outlook, suggesting potential downside of -12% to the current fair price, along with slow long-term growth prospects and very limited tactical upside in the short term.</li><li>KTX has assessed a fair value of Bt242.00, based on the earnings yield method and a required return of 3.9%, which equates to a P/E ratio of 26x.</li></ul>

We initiate coverage on BH with an Underperform rating.Negative valuation metrics indicate a bearish outlook, suggesting potential downside of -12% to the current fair price, along with slow long-term growth prospects and very limited tactical upside in the short term.KTX has assessed a fair value of Bt242.00, based on the earnings yield method and a required return of 3.9%, which equates to a P/E ratio of 26x.

Bumrungrad Hospital - Low 3-Year Earnings Growth