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 SET Index is expected to move sideways down, with the resistance at 1,630/1,635 points and the support at 1,611 points (50-week EMA)/1,600 points.</li><li>Today's investment momentum is negative after the Cabinet approved a financial transaction tax of 0.11%.</li><li>We switch our rating to Buy (from Neutral), with a new fair value of Bt46.30 (vs. 33.41 previously), while the required return has been lowered to 6.3% (vs. 8.1% previously), implying 17% upside.</li></ul>

The SET Index is expected to move sideways down, with the resistance at 1,630/1,635 points and the support at 1,611 points (50-week EMA)/1,600 points.Today's investment momentum is negative after the Cabinet approved a financial transaction tax of 0.11%.We switch our rating to Buy (from Neutral), with a new fair value of Bt46.30 (vs. 33.41 previously), while the required return has been lowered to 6.3% (vs. 8.1% previously), implying 17% upside.

Sappe

Two-Year Earnings to Mark a 39% CAGR