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>The valuation metrics suggest maintaining a neutral view on the current fundamentals, with the stock price implying 3% upside from its fair value (FV).</li><li>However, the tactical outlook has been revised to neutral (previously limited downside risk).</li><li>The long-term growth outlook remains strong, with profit growth projected at a CAGR of 17% over the next two years.</li></ul>

The valuation metrics suggest maintaining a neutral view on the current fundamentals, with the stock price implying 3% upside from its fair value (FV).However, the tactical outlook has been revised to neutral (previously limited downside risk).The long-term growth outlook remains strong, with profit growth projected at a CAGR of 17% over the next two years.

Cp All - 3Q24 Core Profit Growth of 45% YoY and 1% QoQ, 5% Better than Forecast

CP ALL PCL

Cp All - 3Q24 Core Profit Growth of 45% YoY and 1% QoQ, 5% Better than Forecast