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 present an interesting view, both in terms of the current valuation and long-term growth prospects, with limited tactical downside risks.</li><li>KTX estimates a fair value of Bt12.09, based on the earnings yield and a required return of 2.6%.</li><li>Three-year earnings are forecast to achieve a 32% CAGR, driven by the recovery of margins and sales growth on the back of store network expansion and SSSG, in line with higher farm income and a stronger domestic economy. </li></ul>

The valuation metrics present an interesting view, both in terms of the current valuation and long-term growth prospects, with limited tactical downside risks.KTX estimates a fair value of Bt12.09, based on the earnings yield and a required return of 2.6%.Three-year earnings are forecast to achieve a 32% CAGR, driven by the recovery of margins and sales growth on the back of store network expansion and SSSG, in line with higher farm income and a stronger domestic economy. 

Dohome - Earnings to Achieve a 32% CAGR on Better Margins and Sales Growth

Dohome PCL

Dohome - Earnings to Achieve a 32% CAGR on Better Margins and Sales Growth