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>KTX maintains our Neutral rating with a 12-month fair value (FV) of Bt25.00, based on a required return of 7.27%.</li><li>The valuation metrics indicate that the current share price implies some upside potential to our fair value estimate, but the growth outlook appears weak compared to the strong base in 2024.</li><li>Meanwhile the tactical view on the share price remains neutral.</li></ul>

KTX maintains our Neutral rating with a 12-month fair value (FV) of Bt25.00, based on a required return of 7.27%.The valuation metrics indicate that the current share price implies some upside potential to our fair value estimate, but the growth outlook appears weak compared to the strong base in 2024.Meanwhile the tactical view on the share price remains neutral.

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