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 revise our rating to Outperform (previously Buy), as the tactical view is now neutral.</li><li>The stock valuation remains attractive in terms of the fundamental perspective.</li><li>The company also offers steady long-term growth, with earnings per share (EPS) for 2025-27E expected to grow at a CAGR of 8.8%, outperforming the industry average of 8.0%.</li></ul>

We revise our rating to Outperform (previously Buy), as the tactical view is now neutral.The stock valuation remains attractive in terms of the fundamental perspective.The company also offers steady long-term growth, with earnings per share (EPS) for 2025-27E expected to grow at a CAGR of 8.8%, outperforming the industry average of 8.0%.

Medeze Group - Positive Catalysts but Negligible Impact in near Term