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>Our Outperform rating is maintained. KTX’s valuation metrics still suggest that the stock is attractive in terms of the valuation, with the share price implying upside of 32% to our fair price.</li><li>This can help offset the prospect of slow EPS growth due to the higher base. In addition, the tactical view is neutral.</li><li>SIRI reported a 2Q24 net profit of Bt1.39bn, down 14% YoY</li></ul>

Our Outperform rating is maintained. KTX’s valuation metrics still suggest that the stock is attractive in terms of the valuation, with the share price implying upside of 32% to our fair price.This can help offset the prospect of slow EPS growth due to the higher base. In addition, the tactical view is neutral.SIRI reported a 2Q24 net profit of Bt1.39bn, down 14% YoY

Sansiri - In-Line 2Q24 Core Profit; to Accelerate in 2H24E

Sansiri Public

Sansiri - In-Line 2Q24 Core Profit; to Accelerate in 2H24E