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 have raised our 2021E target price for PORT to Bt3.50 (vs. Bt3.00 previously), based on 22x PER (historical average).</li><li>However, PORT's share price has gained by 49% over the past three months, already reflecting its bright earnings prospects and the recovery of import-export activities to a certain degree.</li><li>Therefore, we have decided to switch our rating to Hold (from Buy previously).</li></ul>

We have raised our 2021E target price for PORT to Bt3.50 (vs. Bt3.00 previously), based on 22x PER (historical average).However, PORT's share price has gained by 49% over the past three months, already reflecting its bright earnings prospects and the recovery of import-export activities to a certain degree.Therefore, we have decided to switch our rating to Hold (from Buy previously).

Recoveries in Earnings Performance and Share Price

Southport Acquisition

Recoveries in Earnings Performance and Share Price