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>SIRI looks attractive in terms of the valuation. The current share price implies upside of 17% to our 12M fair value of Bt2.03, based on a required return of 13.8%.</li><li>It is expected that SIRI will pay an interim DPS of Bt0.08 for the 1H24E performance, representing a 4.6% yield for the period.</li><li>The EPS growth prospects are limited due to a higher capital following the exercising of warrants. </li></ul>

SIRI looks attractive in terms of the valuation. The current share price implies upside of 17% to our 12M fair value of Bt2.03, based on a required return of 13.8%.It is expected that SIRI will pay an interim DPS of Bt0.08 for the 1H24E performance, representing a 4.6% yield for the period.The EPS growth prospects are limited due to a higher capital following the exercising of warrants. 

SANSIRI - Accelerating Earnings Momentum in 2Q24E

Sansiri Public

SANSIRI - Accelerating Earnings Momentum in 2Q24E