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 upgrade our rating to Outperform from Neutral following a 3% decline in the share price since our previous report (10 Aug), which has opened up 12% upside to our fair value.</li>
<li>We maintain our fair value (FV) at Bt2.54, based on a required return of 9.6%.</li>
<li>THANI stands out for its disciplined asset-quality management and prudent lending practices, reflected in its strong balance sheet and low leverage.</li>
</ul>


We upgrade our rating to Outperform from Neutral following a 3% decline in the share price since our previous report (10 Aug), which has opened up 12% upside to our fair value.
We maintain our fair value (FV) at Bt2.54, based on a required return of 9.6%.
THANI stands out for its disciplined asset-quality management and prudent lending practices, reflected in its strong balance sheet and low leverage.


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