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

WHA Premium Growth Freehold & Leasehold Real Estate Investment Trust / Equity Bottom-Up

WHA Premium Growth Freehold & Leasehold Real Estate Investment Trust (WHART TB)

WHA Premium Growth Freehold & Leasehold Real Estate Investment Trust

<ul><li>We switch to a Neutral rating (vs. Outperform previously).</li><li>The share price is currently fully valued compared with our fair value of Bt10 (based on a required return of 7.7%) after rallying by over 28% since our initiation in the middle of July 2024.</li><li>The short-term tactical upside risk is very limited while the long- term earnings prospects remain unchanged.</li></ul>

We switch to a Neutral rating (vs. Outperform previously).The share price is currently fully valued compared with our fair value of Bt10 (based on a required return of 7.7%) after rallying by over 28% since our initiation in the middle of July 2024.The short-term tactical upside risk is very limited while the long- term earnings prospects remain unchanged.

Whart Tb - In-Line 2Q24 Earnings; Share Price Fully Valued