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 maintains our Neutral rating, with a fair value of Bt3.61, based on the earnings yield and a required rate of return of 7.6%.</li><li>While our valuation metrics suggest that the share price is higher than the current fundamental value, the long-term view remains strong, with an expected earnings turnaround this year.</li><li>Moreover, the tactical view is neutral.</li></ul>

KTX maintains our Neutral rating, with a fair value of Bt3.61, based on the earnings yield and a required rate of return of 7.6%.While our valuation metrics suggest that the share price is higher than the current fundamental value, the long-term view remains strong, with an expected earnings turnaround this year.Moreover, the tactical view is neutral.

Thaifoods Group - Upbeat 1Q24 Earnings Turnaround