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>Positive view on the deal: The investment in the Philippines aligns with CPAXT’s core strategy of expanding business growth in ASEAN.</li><li>The valuation metrics continue to support a Buy rating on fundamentals, with the share price offering some upside to a fair value of Bt27, based on a required return of 4.5%.</li><li>CPAXT, through its subsidiary Makro ROH (MROH), has formed a joint venture with ACX Holdings Corporation — a subsidiary of Ayala Corporation, a leading Philippine conglomerate with diverse businesses — to establish M&amp;Co Corporation.</li></ul>

Positive view on the deal: The investment in the Philippines aligns with CPAXT’s core strategy of expanding business growth in ASEAN.The valuation metrics continue to support a Buy rating on fundamentals, with the share price offering some upside to a fair value of Bt27, based on a required return of 4.5%.CPAXT, through its subsidiary Makro ROH (MROH), has formed a joint venture with ACX Holdings Corporation — a subsidiary of Ayala Corporation, a leading Philippine conglomerate with diverse businesses — to establish M&amp;Co Corporation.

CP AXTRA Plc. (CPAXT): Makro Expansion in the Philippines With a Leading Local Partner

CP Axtra

CP AXTRA Plc. (CPAXT): Makro Expansion in the Philippines With a Leading Local Partner