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>The company is in a net cash position, holding Bt1.67bn in cash and short-term investments. The buyback budget accounts for 15% of this amount.</li><li>Based on the latest share price or our estimated fair value of Bt34, the actual amount spent on the buyback is expected to be below Bt250mn.</li><li>The share buyback should help support the per-share performance metrics — namely earnings per share (EPS), dividend per share (DPS), and return on equity (ROE) — during a period when the business is under pressure from weak consumer spending and sluggish global economic conditions. </li></ul>

The company is in a net cash position, holding Bt1.67bn in cash and short-term investments. The buyback budget accounts for 15% of this amount.Based on the latest share price or our estimated fair value of Bt34, the actual amount spent on the buyback is expected to be below Bt250mn.The share buyback should help support the per-share performance metrics — namely earnings per share (EPS), dividend per share (DPS), and return on equity (ROE) — during a period when the business is under pressure from weak consumer spending and sluggish global economic conditions. 

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