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 switch to an Outperform rating (vs. Neutral previously) after the share price fall of around 25% from June 5, 2024, when we released our latest report.</li><li>The valuation metrics suggest that the current share price implies upside of 35.6%.</li><li>The long-term earnings prospects remain strong, while the tactical downside is neutral.</li></ul>

We switch to an Outperform rating (vs. Neutral previously) after the share price fall of around 25% from June 5, 2024, when we released our latest report.The valuation metrics suggest that the current share price implies upside of 35.6%.The long-term earnings prospects remain strong, while the tactical downside is neutral.

Ratchthani Leasing - 2Q24E Earnings Are Expected to Weaken YoY and QoQ