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 still like RBF's business for its strong presence in the demand-supply chain for consumer goods and its good profit margin.</li><li>We project its two-year core profit growth at a 20% CAGR.</li><li>Therefore, we maintain a Sell rating and the target price of Bt7.00/share (25x PER).</li></ul>

We still like RBF's business for its strong presence in the demand-supply chain for consumer goods and its good profit margin.We project its two-year core profit growth at a 20% CAGR.Therefore, we maintain a Sell rating and the target price of Bt7.00/share (25x PER).

R&B Food Supply

Good Margin But Demanding Valuation