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 upgrade our rating to Buy from Neutral while maintaining a TP of Bt1.05, based on 1.3x PBV (-0.25 S.D. to the 10-year average).</li>
<li>The share-price decline has increased upside to 21%, while the tachnical outlook has improved to Very limited downside risk from Neutral.</li>
<li>Last week's share-price pressures are easing, with conditions expected to improve markedly in 4Q26E.</li>
</ul>


We upgrade our rating to Buy from Neutral while maintaining a TP of Bt1.05, based on 1.3x PBV (-0.25 S.D. to the 10-year average).
The share-price decline has increased upside to 21%, while the tachnical outlook has improved to Very limited downside risk from Neutral.
Last week's share-price pressures are easing, with conditions expected to improve markedly in 4Q26E.


Asia Aviation

AAB Receivables Concerns Ease