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 upgrade our rating to Buy (previously Outperform) as the valuation metrics indicate strength across all dimensions.</li><li>The tactical view has been upgraded to very limited downside (previously Neutral) after an 8% price decline since the last report (November 1, 2024), bringing the gap between the share price and fair value (FV) below the 6-month average.</li><li>The stock remains attractive from a valuation perspective, with 41% upside from the fair value of Bt66.00, based on a required return of 5%.</li></ul>

We upgrade our rating to Buy (previously Outperform) as the valuation metrics indicate strength across all dimensions.The tactical view has been upgraded to very limited downside (previously Neutral) after an 8% price decline since the last report (November 1, 2024), bringing the gap between the share price and fair value (FV) below the 6-month average.The stock remains attractive from a valuation perspective, with 41% upside from the fair value of Bt66.00, based on a required return of 5%.

Muangthai Capital - Asset Quality Remains Well Managed