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 reaffirm our “Neutral” rating as our valuation matrix still reflects that the share price has remained undervalued, but both tactical and long-term views are neutral.</li><li>Our fair value has been raised to Bt22.17 vs. Bt21.60 previously following the downward revision of the required return to 10.2% vs. 10.8% previously.</li><li>The risk premium is assessed through the multiple regression with macroeconomic factors and specific factors of the company.</li></ul>

We reaffirm our “Neutral” rating as our valuation matrix still reflects that the share price has remained undervalued, but both tactical and long-term views are neutral.Our fair value has been raised to Bt22.17 vs. Bt21.60 previously following the downward revision of the required return to 10.2% vs. 10.8% previously.The risk premium is assessed through the multiple regression with macroeconomic factors and specific factors of the company.

Somboon Advance Technology - Wait for Potential Earnings Recovery in 2H23E