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 convenience store (CVS) business in 1Q25E is expected to post strong SSSG and a healthy GPM.</li><li>This is combined with CPAXT’s retail and wholesale segment, which should see the GPM increase YoY but decrease QoQ.</li><li>As a result, CPALL's core profit is expected to rise 11% YoY but decline 4% QoQ.</li></ul>

The convenience store (CVS) business in 1Q25E is expected to post strong SSSG and a healthy GPM.This is combined with CPAXT’s retail and wholesale segment, which should see the GPM increase YoY but decrease QoQ.As a result, CPALL's core profit is expected to rise 11% YoY but decline 4% QoQ.

CP All - Expect 1Q25E Core Profit Growth at 11% YoY and 4% QoQ

CP ALL PCL

CP All - Expect 1Q25E Core Profit Growth at 11% YoY and 4% QoQ