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>BTG reported a 2Q23 net loss of Bt351mn, in line with the expectation.</li><li>The net loss in 2Q23 represented an earnings deterioration both YoY and QoQ due to significant YoY and QoQ declines in the gross profit margin (GPM) as well as the QoQ drops in sales.</li><li>Sales declined by 5% YoY and 7% QoQ to Bt26.5bn owing to lower domestic swine prices.</li></ul>

BTG reported a 2Q23 net loss of Bt351mn, in line with the expectation.The net loss in 2Q23 represented an earnings deterioration both YoY and QoQ due to significant YoY and QoQ declines in the gross profit margin (GPM) as well as the QoQ drops in sales.Sales declined by 5% YoY and 7% QoQ to Bt26.5bn owing to lower domestic swine prices.

Earnings Review - Betagro Plc. (BTG) - AUGUST 15, 2023