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 an Outperform rating, as the valuation metrics indicate attractiveness from a fundamental perspective, with 75% upside to the fair value.</li><li>Meanwhile, our tactical view remains neutral.</li><li>We maintain our profit forecasts for 2024-26E, projecting an EPS growth rate at a 12% CAGR, exceeding the industry average.</li></ul>

We maintain an Outperform rating, as the valuation metrics indicate attractiveness from a fundamental perspective, with 75% upside to the fair value.Meanwhile, our tactical view remains neutral.We maintain our profit forecasts for 2024-26E, projecting an EPS growth rate at a 12% CAGR, exceeding the industry average.

Master Style - 4Q24 Profit Hit an All-Time High as Expected