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 a Buy rating on MASTER as the stock remains attractive in terms of both the fundamental and tactical aspects.</li><li>MASTER maintains its 2024E revenue growth target of 20% YoY, which is achievable, in our view.</li><li>MASTER'S 2Q24E net profit is expected to grow both QoQ and YoY, bolstered by the expansion of new operating rooms, the acceleration of clients receiving medical procedures during the long holiday period, and aggressive marketing.</li></ul>

We maintain a Buy rating on MASTER as the stock remains attractive in terms of both the fundamental and tactical aspects.MASTER maintains its 2024E revenue growth target of 20% YoY, which is achievable, in our view.MASTER'S 2Q24E net profit is expected to grow both QoQ and YoY, bolstered by the expansion of new operating rooms, the acceleration of clients receiving medical procedures during the long holiday period, and aggressive marketing.

Master Style

Earnings Momentum Remains on an Uptrend