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 a Buy rating, with a 12M fair value of Bt22.62, based on a required return of 7.8%.</li><li>The valuation metrics suggest that the share price implies potential upside of 44.3% to the fair value.</li><li>The long-term earnings prospects remain strong, while the tactical downside risk is still limited.</li></ul>

We maintain a Buy rating, with a 12M fair value of Bt22.62, based on a required return of 7.8%.The valuation metrics suggest that the share price implies potential upside of 44.3% to the fair value.The long-term earnings prospects remain strong, while the tactical downside risk is still limited.

Ngern Tid Lor

Ngern Tid Lor - Slightly Upbeat 2Q24 NP