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

<ul><li>KTX maintains a Neutral rating and the 12-month fair value (FV) of Bt22.90, based on a required return of 7.45%.</li><li>Our valuation metrics suggest that the current valuation is neutral.</li><li>The growth looks good compared to 2023’s low base; but tactically, the quarterly earnings should have peaked.</li></ul>

KTX maintains a Neutral rating and the 12-month fair value (FV) of Bt22.90, based on a required return of 7.45%.Our valuation metrics suggest that the current valuation is neutral.The growth looks good compared to 2023’s low base; but tactically, the quarterly earnings should have peaked.

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