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>We have put our estimates, recommendation, and fair value under review vs. the previous Outperform rating with a 12M fair value of Bt13.75.</li><li>The improving cash collection trend, driven by accelerated debt collection and legal processes, presents upside to ECL provisioning, positively impacting the profit estimates for 2024-26E.</li><li>We will revisit our earnings estimates, fair value, and rating after meeting with management this afternoon.</li></ul>

We have put our estimates, recommendation, and fair value under review vs. the previous Outperform rating with a 12M fair value of Bt13.75.The improving cash collection trend, driven by accelerated debt collection and legal processes, presents upside to ECL provisioning, positively impacting the profit estimates for 2024-26E.We will revisit our earnings estimates, fair value, and rating after meeting with management this afternoon.

Jmt Network Services - Cash Collections Recovered QoQ in 3Q24

JMT Network Services

Jmt Network Services - Cash Collections Recovered QoQ in 3Q24