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 that the stock appears attractive for buying based on the current fundamentals, with upside of 12% from the fair value of Bt11.65 (derived using the earnings yield method and a required return of 2.5%).</li><li>Meanwhile, the tactical outlook is neutral.</li><li>The long-term earnings growth outlook remains strong with two-year profit growth forecast <p> at a CAGR of 31%. We maintain our Outperform rating.</p></li></ul>

The valuation metrics suggest that the stock appears attractive for buying based on the current fundamentals, with upside of 12% from the fair value of Bt11.65 (derived using the earnings yield method and a required return of 2.5%).Meanwhile, the tactical outlook is neutral.The long-term earnings growth outlook remains strong with two-year profit growth forecast  at a CAGR of 31%. We maintain our Outperform rating.

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