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>We initiate our coverage on WHART with an Outperform rating.</li><li>The trust is attractive for its valuation, trading at a P/NAV of just 0.8x, while the dividend yield spread relative to the risk-free 10Y bond yield remains high at 5.7%.</li><li>The trust's long-term earnings are likely to show steady growth.</li></ul>

We initiate our coverage on WHART with an Outperform rating.The trust is attractive for its valuation, trading at a P/NAV of just 0.8x, while the dividend yield spread relative to the risk-free 10Y bond yield remains high at 5.7%.The trust's long-term earnings are likely to show steady growth.

WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (WHART)