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 and the 12M FV of Bt11.40, based on a required return of 8.52%.</li><li>Our valuation metrics suggest that the current valuation is attractive, alongside steady long-term growth prospects; meanwhile, the tactical parameters are at a neutral level.</li><li>We have a positive view on the dry-bulk shipping business in the minor bulk segment given the well-balanced demand and supply outlook, which should support operators’ earnings at a profitable level.</li></ul>

KTX maintains an Outperform rating and the 12M FV of Bt11.40, based on a required return of 8.52%.Our valuation metrics suggest that the current valuation is attractive, alongside steady long-term growth prospects; meanwhile, the tactical parameters are at a neutral level.We have a positive view on the dry-bulk shipping business in the minor bulk segment given the well-balanced demand and supply outlook, which should support operators’ earnings at a profitable level.

Precious Shipping - 2Q24 Core Profit Gained 85% YoY and 29% QoQ