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

Regional Container Line / Equity Bottom-Up

<ul><li>KTX maintains a Neutral rating and the 12M FV of Bt27.60, based on a required return of 18.58%.</li><li>Our valuation metrics suggest that the current valuation is attractive, with slow long- term growth prospects, while the tactical parameters are also at a neutral level.</li><li>We have a neutral view on RCL’s long-term outlook. The high freight rates expected in 2024E should be temporary, and they are likely to decrease in 2025E.</li></ul>

KTX maintains a Neutral rating and the 12M FV of Bt27.60, based on a required return of 18.58%.Our valuation metrics suggest that the current valuation is attractive, with slow long- term growth prospects, while the tactical parameters are also at a neutral level.We have a neutral view on RCL’s long-term outlook. The high freight rates expected in 2024E should be temporary, and they are likely to decrease in 2025E.

Regional Container Lines - Solid 2Q24 Results with 3Q24E to Be Even Stronger