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>KTX maintains our Neutral rating (FV = Bt22.76, based on the earnings yield and a required rate of return of 3.6%).</li><li>Our valuation metrics suggest a strong earnings outlook in the long term, with an expected earnings turnaround.</li><li>Meanwhile, the fundamental and tactical views are neutral.</li></ul>

KTX maintains our Neutral rating (FV = Bt22.76, based on the earnings yield and a required rate of return of 3.6%).Our valuation metrics suggest a strong earnings outlook in the long term, with an expected earnings turnaround.Meanwhile, the fundamental and tactical views are neutral.

Betagro - Expected a Core Loss in 1Q24E Before an Earnings Turnaround in 2H24E