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

Srinanaporn Marketing Public Company Limited / Equity Bottom-Up

Srinanaporn Marketing Public Company Limited (SNNP TB)

Srinanaporn Marketing Public Company Limited

<ul><li>The valuation metrics indicate an attractive buying opportunity based on the current fundamentals and suggest limited downside risk from a technical perspective.</li><li>With the stock price having declined, there is potential upside of around 22.5% from the fair value, alongside the typical 4Q trend of a QoQ profit recovery, making Q4 the best quarter of the year.</li><li>The long-term growth outlook remains strong, with profit growth projected at a CAGR of 11% over the next two years. </li></ul>

The valuation metrics indicate an attractive buying opportunity based on the current fundamentals and suggest limited downside risk from a technical perspective.With the stock price having declined, there is potential upside of around 22.5% from the fair value, alongside the typical 4Q trend of a QoQ profit recovery, making Q4 the best quarter of the year.The long-term growth outlook remains strong, with profit growth projected at a CAGR of 11% over the next two years. 

Srinanaporn Marketing - Flat 3Q24 Earnings with Higher GPM but Lower International Sales