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>CPF reported a 2Q23 net loss of Bt792mn, better than our projection of a net loss of Bt2.1bn due to higher-than- expected extra gain of Bt3.0bn vs. our estimate of Bt1.4bn.</li><li>Excluding the extra items, the firm reported a core loss of Bt3.8bn, missing our projection calling for a core loss of Bt3.5bn.</li><li>The core loss of Bt3.8bn in 2Q23 was much worse than the core profit of Bt1.5bn in 2Q22 and in line with the amount in 1Q23.</li></ul>

CPF reported a 2Q23 net loss of Bt792mn, better than our projection of a net loss of Bt2.1bn due to higher-than- expected extra gain of Bt3.0bn vs. our estimate of Bt1.4bn.Excluding the extra items, the firm reported a core loss of Bt3.8bn, missing our projection calling for a core loss of Bt3.5bn.The core loss of Bt3.8bn in 2Q23 was much worse than the core profit of Bt1.5bn in 2Q22 and in line with the amount in 1Q23.

Earnings Review - Charoen Pokphand Foods Plc. (CPF) - August 15, 2023

CP FOODS

Earnings Review - Charoen Pokphand Foods Plc. (CPF) - August 15, 2023