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 current valuation has shifted to a neutral view on the fundamentals (previously undervalued), as the stock price has risen 11% over the past month, reaching its fair value.</li><li>In addition, the tactical outlook has been adjusted to neutral (vs. very limited upside risk previously).</li><li>We maintain a strong outlook on the long-term growth prospects (expecting three-year profit growth at a CAGR of 15%). </li></ul>

The current valuation has shifted to a neutral view on the fundamentals (previously undervalued), as the stock price has risen 11% over the past month, reaching its fair value.In addition, the tactical outlook has been adjusted to neutral (vs. very limited upside risk previously).We maintain a strong outlook on the long-term growth prospects (expecting three-year profit growth at a CAGR of 15%). 

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