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

Somboon Advance Technology P / Equity Bottom-Up

<ul><li>We maintain our Neutral rating, as our valuation metrics suggest that SAT is attractive in terms of the current valuation, alongside a steady long-term growth outlook and a neutral tactical view.</li><li>The 12M fair price has been reduced to Bt18.78 (vs. Bt22.17 previously) due to a higher required return of 12.8% vs. 10.2% previously as a result of an increase in the risk-free rate assumption.</li><li>SAT is entering the moderate growth mode, while its solid operating cash flow should enable it to sustain a high, stable dividend, with an expected average yield of 8.8% p.a. in the next three years.</li></ul>

We maintain our Neutral rating, as our valuation metrics suggest that SAT is attractive in terms of the current valuation, alongside a steady long-term growth outlook and a neutral tactical view.The 12M fair price has been reduced to Bt18.78 (vs. Bt22.17 previously) due to a higher required return of 12.8% vs. 10.2% previously as a result of an increase in the risk-free rate assumption.SAT is entering the moderate growth mode, while its solid operating cash flow should enable it to sustain a high, stable dividend, with an expected average yield of 8.8% p.a. in the next three years.

Somboon Advance Technology - Attractive Dividends