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

Srinanaporn Marketing Public Company Limited / Equity Bottom-Up

Srinanaporn Marketing Public Company Limited (SNNP TB)

Srinanaporn Marketing Public Company Limited

<div><div><div><div><ul><li>KTX initiates our coverage on SNNP with an Outperform rating.</li><li>Our valuation metrics suggest attractive valuation in terms of the fundamentals in both the short and long term, while a high ROCE of 23-27% p.a. is expected.</li><li>KTX estimates a fair value of Bt26.25/share, based on the earnings yield and a required return of 3.48%.</li></ul></div></div></div></div>

KTX initiates our coverage on SNNP with an Outperform rating.Our valuation metrics suggest attractive valuation in terms of the fundamentals in both the short and long term, while a high ROCE of 23-27% p.a. is expected.KTX estimates a fair value of Bt26.25/share, based on the earnings yield and a required return of 3.48%.

Srinanaporn Marketing - Three-Year Earnings to Achieve a 22% CAGR