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 recommendation, with the valuation metrics suggesting a sell based on the current fundamentals, as the stock price exceeds its fair value.</li><li>In addition, the long-term growth outlook is deemed unattractive, while the tactical view remains neutral.</li><li>The fair value is assessed at Bt8.08 using the earnings yield method with a required return of 6.41%.</li></ul>

KTX maintains a Neutral recommendation, with the valuation metrics suggesting a sell based on the current fundamentals, as the stock price exceeds its fair value.In addition, the long-term growth outlook is deemed unattractive, while the tactical view remains neutral.The fair value is assessed at Bt8.08 using the earnings yield method with a required return of 6.41%.

HOME PRODUCT CENTER - 3Q24 Earnings Down YoY and QoQ, as Expected

Home Product Center

HOME PRODUCT CENTER - 3Q24 Earnings Down YoY and QoQ, as Expected