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 4Q23 and 2023 earnings beat our forecasts by 12% and 4%, respectively. We maintain our bullish view on the firm’s three-year earnings outlook, with an expected 14% CAGR.</li><li>We have a positive view on CPAXT's internal business restructuring aimed at optimizing business synergies, which will strengthen the group's profit margin.</li><li>This will pose upside risk to its profit growth prospects.</li></ul>

The 4Q23 and 2023 earnings beat our forecasts by 12% and 4%, respectively. We maintain our bullish view on the firm’s three-year earnings outlook, with an expected 14% CAGR.We have a positive view on CPAXT's internal business restructuring aimed at optimizing business synergies, which will strengthen the group's profit margin.This will pose upside risk to its profit growth prospects.

Cp Axtra - Upbeat Earnings Results; Bullish View on Earnings Outlook

CP Axtra

Cp Axtra - Upbeat Earnings Results; Bullish View on Earnings Outlook