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 our Outperform rating (FV = Bt33.21 on a required rate of return of 3.0%).</li><li>Our valuation metrics suggest that the share price is undervalued, while the long-term growth prospects are strong, with three-year earnings growth expected at a 15% CAGR.</li><li>The tactical view is neutral.</li></ul>

KTX maintains our Outperform rating (FV = Bt33.21 on a required rate of return of 3.0%).Our valuation metrics suggest that the share price is undervalued, while the long-term growth prospects are strong, with three-year earnings growth expected at a 15% CAGR.The tactical view is neutral.

Cp Axtra - 1Q24E Earnings Expected to Increase 13% YoY but Decrease 26% QoQ

CP Axtra

Cp Axtra - 1Q24E Earnings Expected to Increase 13% YoY but Decrease 26% QoQ