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 Buy call for MASTER with the fair value unchanged at Bt58.50.</li><li>The company remains attractive from a fundamental valuation perspective, with the stock price implying 25% upside to the fair value.</li><li>The long-term performance outlook remains strong, with average EPS growth projected at a CAGR of 12% over the next three years.</li></ul>

We maintain our Buy call for MASTER with the fair value unchanged at Bt58.50.The company remains attractive from a fundamental valuation perspective, with the stock price implying 25% upside to the fair value.The long-term performance outlook remains strong, with average EPS growth projected at a CAGR of 12% over the next three years.

Master Style - 3Q24E Earnings Growth on Seasonality…moving to SET