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 an Outperform rating, with a revised fair value of Bt19.94 (from Bt22.30 previously), based on the earnings yield method and a required return of 5.71%, reflecting a target PER of 17.5x.</li><li>The valuation metrics indicate that the current share price offers attractive upside, alongside stable earnings growth and a neutral tactical view.</li><li>ITC’s share price dropped 7% yesterday, reflecting disappointment over the weaker-than-expected 1Q25E earnings outlook.</li></ul>

KTX maintains an Outperform rating, with a revised fair value of Bt19.94 (from Bt22.30 previously), based on the earnings yield method and a required return of 5.71%, reflecting a target PER of 17.5x.The valuation metrics indicate that the current share price offers attractive upside, alongside stable earnings growth and a neutral tactical view.ITC’s share price dropped 7% yesterday, reflecting disappointment over the weaker-than-expected 1Q25E earnings outlook.

I-Tail Corporation - 1Q25E to Be Weaker than Previously Estimated

I-TAIL

I-Tail Corporation - 1Q25E to Be Weaker than Previously Estimated