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 a Buy rating on SIRI as the valuation is attractive, both from a fundamental and tactical view, alongside an attractive dividend yield of 9% during 2024-26E.</li><li>This should help offset the expected slow earnings growth mode over the next few years.</li><li>The 12M fair value, based on the earnings yield, has been trimmed to Bt2.03 (vs. Bt2.05 previously) after the required rate of return was raised slightly to 13.8% (vs. 13.7% previously) due to the adjustments to the variable assumptions used for the beta calculation.</li></ul>

We maintain a Buy rating on SIRI as the valuation is attractive, both from a fundamental and tactical view, alongside an attractive dividend yield of 9% during 2024-26E.This should help offset the expected slow earnings growth mode over the next few years.The 12M fair value, based on the earnings yield, has been trimmed to Bt2.03 (vs. Bt2.05 previously) after the required rate of return was raised slightly to 13.8% (vs. 13.7% previously) due to the adjustments to the variable assumptions used for the beta calculation.

Sansiri - More Apparent Outlook for 2024E Core Profit to Remain Stable YoY

Sansiri Public

Sansiri - More Apparent Outlook for 2024E Core Profit to Remain Stable YoY