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 a Neutral rating (FV = Bt11.23, based on the earnings yield and a required rate of return of 4.74%).</li><li>The valuation metrics suggest neutral views on the current fundamentals, long-term growth prospects, and tactical aspects.</li><li>We have a neutral view on the 1Q24E earnings, which will be released on April 30.</li></ul>

KTX maintains a Neutral rating (FV = Bt11.23, based on the earnings yield and a required rate of return of 4.74%).The valuation metrics suggest neutral views on the current fundamentals, long-term growth prospects, and tactical aspects.We have a neutral view on the 1Q24E earnings, which will be released on April 30.

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