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 upgraded our rating to Buy (from Outperform), as our valuation metrics suggest that the stock is attractive in terms of both the current valuation and long-term growth.</li><li>The current share price implies upside of 31% to our new fair price of Bt2.31.</li><li>Meanwhile, the tactical downside risk is also very limited.</li></ul>

We have upgraded our rating to Buy (from Outperform), as our valuation metrics suggest that the stock is attractive in terms of both the current valuation and long-term growth.The current share price implies upside of 31% to our new fair price of Bt2.31.Meanwhile, the tactical downside risk is also very limited.

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