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>We maintain a Neutral rating and our 12M FV of Bt2.00, based on the earnings yield method with a required return of 11.3%.</li><li>The valuation metrics indicate that the stock has 9.5% upside from its fair value.</li><li>The long-term growth is expected to be moderate, and the tactical risk remains neutral.</li></ul>

We maintain a Neutral rating and our 12M FV of Bt2.00, based on the earnings yield method with a required return of 11.3%.The valuation metrics indicate that the stock has 9.5% upside from its fair value.The long-term growth is expected to be moderate, and the tactical risk remains neutral.

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