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 2Q24 net profit fell short of the expectation due to losses from a write-off and an impairment of assets.</li><li>The 2024E core profit outlook remains in line with the projection, with 3Q24E expected to be the peak for the year.</li><li>We may fine-tune our 2025-26E core profit forecasts but still expect the outlook to be on an uptrend from 2024E.</li></ul>

The 2Q24 net profit fell short of the expectation due to losses from a write-off and an impairment of assets.The 2024E core profit outlook remains in line with the projection, with 3Q24E expected to be the peak for the year.We may fine-tune our 2025-26E core profit forecasts but still expect the outlook to be on an uptrend from 2024E.

Bcpg - Downbeat 2Q24 NP Given Losses from Write-Off and Impairment of Assets

BCPG PCL

Bcpg - Downbeat 2Q24 NP Given Losses from Write-Off and Impairment of Assets