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 Outperform rating with a target price of Bt71.75, based on an earnings yield of 2.3%.</li>
<li>We remain positive on the fundamentals due to the market price implying significant upside of +32% to the target price.</li>
<li>We maintain our view expecting strong long-term growth, with an FY25-27E EPS CAGR of +14%, outperforming the industry average of +8%.</li>
</ul>


We maintain our Outperform rating with a target price of Bt71.75, based on an earnings yield of 2.3%.
We remain positive on the fundamentals due to the market price implying significant upside of +32% to the target price.
We maintain our view expecting strong long-term growth, with an FY25-27E EPS CAGR of +14%, outperforming the industry average of +8%.


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