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 a Neutral rating, as the valuation metrics reflect the stock's attractiveness in terms of the valuation. </li><li>The current share price implies approximately 16.5% upside to the fair value of Bt12.70 (based on a required return of 13.1%).</li><li>Meanwhile, the tactical view has weakened to very limited upside risk, compared to the neutral stance in the previous report.</li></ul>

We maintain a Neutral rating, as the valuation metrics reflect the stock's attractiveness in terms of the valuation. The current share price implies approximately 16.5% upside to the fair value of Bt12.70 (based on a required return of 13.1%).Meanwhile, the tactical view has weakened to very limited upside risk, compared to the neutral stance in the previous report.

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