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

Somboon Advance Technology P / Equity Bottom-Up

<ul><li>We maintain an Outperform rating.</li><li>The stock is attractive in terms of the valuation, with the share price having dropped by over 38% YTD to trade near the average earnings yield +2 S.D., factoring in the moderate long-term earnings growth prospects.</li><li>Meanwhile, the tactical downside risk is very limited.</li></ul>

We maintain an Outperform rating.The stock is attractive in terms of the valuation, with the share price having dropped by over 38% YTD to trade near the average earnings yield +2 S.D., factoring in the moderate long-term earnings growth prospects.Meanwhile, the tactical downside risk is very limited.

Sat Tb - 2Q24 Profit Slowdown as Expected; Hope for Recovery in 2H24E