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 an Outperform rating, as the stock price still implies around 17% upside from the fair value (FV) of Bt12.80.</li><li>In addition, the tactical downside risk is limited, reflecting that the stock has largely priced in the subdued performance in line with the auto industry's conditions.</li><li>The growth outlook for earnings per share (EPS) is expected to be in line with the industry’s average. </li></ul>

We maintain an Outperform rating, as the stock price still implies around 17% upside from the fair value (FV) of Bt12.80.In addition, the tactical downside risk is limited, reflecting that the stock has largely priced in the subdued performance in line with the auto industry's conditions.The growth outlook for earnings per share (EPS) is expected to be in line with the industry’s average. 

Somboon Advance Technology - Slower 3Q24 Earnings Already Priced In