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

Sri Trang Gloves Thailand  / Equity Bottom-Up

<ul><li>We initiate our coverage on STGT with an Outperform rating and a 2025E fair value (FV) of Bt14.69, based on a required return of 3.29%.</li><li>Our valuation metrics suggest that the current stock price presents a buying opportunity, supported by strong earnings growth, while the tactical parameters are neutral.</li><li>STGT is a global player in the medical glove industry, benefiting from regulatory changes in major markets such as the US and EU, positioning itself favorably against competitors in Malaysia and China. </li></ul>

We initiate our coverage on STGT with an Outperform rating and a 2025E fair value (FV) of Bt14.69, based on a required return of 3.29%.Our valuation metrics suggest that the current stock price presents a buying opportunity, supported by strong earnings growth, while the tactical parameters are neutral.STGT is a global player in the medical glove industry, benefiting from regulatory changes in major markets such as the US and EU, positioning itself favorably against competitors in Malaysia and China. 

Sri Trang Gloves - Benefiting from Regulatory Changes in US, Brazil, and EU