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>We initiate BGRIM with an Outperform rating.</li><li>The valuation metrics suggest that the current valuation is still undemanding, with the long- term growth to be driven by new MW additions from the committed projects in the pipeline, against limited tactical risk.</li><li>We have derived a fair value of Bt42.7, based on the earnings yield and a required return of around 3%.</li></ul>

We initiate BGRIM with an Outperform rating.The valuation metrics suggest that the current valuation is still undemanding, with the long- term growth to be driven by new MW additions from the committed projects in the pipeline, against limited tactical risk.We have derived a fair value of Bt42.7, based on the earnings yield and a required return of around 3%.

Company Update - B.GRIMM POWER (BGRIM TB)

B Grimm Power

Company Update - B.GRIMM POWER (BGRIM TB)