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

Thai Foods Group Public Company Limited / Equity Bottom-Up

Thai Foods Group Public Company Limited (TFG TB)

<ul><li>KTX has downgraded our rating Neutral (from Outperform), with the valuation metrics prompting a shift to a neutral tactical view (from very limited downside risk).</li><li>Despite this, the stock remains attractive based on the current fundamentals, with upside of 17% from its fair value.</li><li>The long-term growth outlook is neutral, with expected average profit growth of a CAGR of 8% over the next three years.</li></ul>

KTX has downgraded our rating Neutral (from Outperform), with the valuation metrics prompting a shift to a neutral tactical view (from very limited downside risk).Despite this, the stock remains attractive based on the current fundamentals, with upside of 17% from its fair value.The long-term growth outlook is neutral, with expected average profit growth of a CAGR of 8% over the next three years.

Thaifoods Group - 3Q24E Earnings Growth of 514% YoY