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 our Buy rating on AH. KTX’s valuation metrics suggest that the stock is attractive in terms of the fundamentals, while the tactical view has improved relative to the last report (i.e., neutral).</li><li>AH also offers a dividend yield of 4% for the 2H23 period.</li><li>AH's 4Q23 net profit plunged by 66% YoY to just Bt138mn due to the booking of extraordinary items related to the divestment of Sakthi Auto Component (SACL).</li></ul>

We maintain our Buy rating on AH. KTX’s valuation metrics suggest that the stock is attractive in terms of the fundamentals, while the tactical view has improved relative to the last report (i.e., neutral).AH also offers a dividend yield of 4% for the 2H23 period.AH's 4Q23 net profit plunged by 66% YoY to just Bt138mn due to the booking of extraordinary items related to the divestment of Sakthi Auto Component (SACL).

Aapico Hitech - Downbeat 4Q23 NP, Pressured by Extra Items