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 an Outperform rating for CPF, with a fair value of Bt26.53, based on the earnings yield approach with a required return of 8.9%, reflecting the target PER of 11x.</li><li>The valuation metrics still show that the stock remains attractive given the current fundamentals, with the stock price still below its fair value.</li><li>The tactical view has been upgraded to limited downside risk (previously neutral).</li></ul>

KTX maintains an Outperform rating for CPF, with a fair value of Bt26.53, based on the earnings yield approach with a required return of 8.9%, reflecting the target PER of 11x.The valuation metrics still show that the stock remains attractive given the current fundamentals, with the stock price still below its fair value.The tactical view has been upgraded to limited downside risk (previously neutral).

Charoen Pokphand Foods - 3Q24 Core Profit Growth of 275% YoY and 17% QoQ, Beat Forecast by 7%

CP FOODS

Charoen Pokphand Foods - 3Q24 Core Profit Growth of 275% YoY and 17% QoQ, Beat Forecast by 7%