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 an Outperform rating, with a 12M FV of Bt124.00, based on the earnings yield method and a required return of 15.6%.</li><li>The valuation metrics suggest that the stock has upside of around 9% from the current price, while the long-term performance is expected to grow at a moderate pace.</li><li>The tactical risk remains neutral.</li></ul>

We maintain an Outperform rating, with a 12M FV of Bt124.00, based on the earnings yield method and a required return of 15.6%.The valuation metrics suggest that the stock has upside of around 9% from the current price, while the long-term performance is expected to grow at a moderate pace.The tactical risk remains neutral.

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