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 switch our rating for SIRI to a Buy call (from Neutral) as our latest valuation metrics suggest that the stock has resumed attractiveness in terms of the current valuation, while the tactical downside risk is also limited.</li><li>This overshadows the weak point of slow earnings growth.</li><li>SIRI reported a 1Q24 net profit of Bt1.32bn (-17% YoY, +1% QoQ), in line with the market’s expectation.</li></ul>

We switch our rating for SIRI to a Buy call (from Neutral) as our latest valuation metrics suggest that the stock has resumed attractiveness in terms of the current valuation, while the tactical downside risk is also limited.This overshadows the weak point of slow earnings growth.SIRI reported a 1Q24 net profit of Bt1.32bn (-17% YoY, +1% QoQ), in line with the market’s expectation.

Sansiri Public

Sansiri -Strong Core Profit in 1Q24