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 maintain an Outperform rating with a new 12M fair value (FV) of Bt197 (previously Bt182), based on the earnings yield method with a required return of 10.9% (previously 11.3%).</li><li>KBANK remains attractive from a fundamental valuation perspective, offering 24% upside from the current market price.</li><li>Its long-term growth outlook is steady, outperforming the industry average, supported by profit growth on the back of a return to normalized provisioning levels.</li></ul>

We maintain an Outperform rating with a new 12M fair value (FV) of Bt197 (previously Bt182), based on the earnings yield method with a required return of 10.9% (previously 11.3%).KBANK remains attractive from a fundamental valuation perspective, offering 24% upside from the current market price.Its long-term growth outlook is steady, outperforming the industry average, supported by profit growth on the back of a return to normalized provisioning levels.

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