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, with a fair value of Bt33.21, based on a required rate of return of 3.0%.</li><li>Our valuation metrics suggest that the current share price is undervalued, while the long-term outlook is strong (expect three-year earnings growth at a CAGR of 15%).</li><li>The tactical view is neutral.</li></ul>

KTX maintains an Outperform rating, with a fair value of Bt33.21, based on a required rate of return of 3.0%.Our valuation metrics suggest that the current share price is undervalued, while the long-term outlook is strong (expect three-year earnings growth at a CAGR of 15%).The tactical view is neutral.

Cp Axtra -In-Line 1Q24 Earnings; Positive View on Earnings Outlook

CP Axtra

Cp Axtra -In-Line 1Q24 Earnings; Positive View on Earnings Outlook