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

Global Power Synergy Company Ltd / Equity Bottom-Up

Global Power Synergy Company Ltd (GPSC TB)

<ul>
<li>GPSC reported a 2Q23 NP of Bt309mn (-55% YoY, -72% QoQ), including an extra item relating to the coal stock adjustment at the Gheco-One project of -Bt210mn.</li>
<li>Meanwhile, core profit was recorded at Bt487mn (-16% YoY, -53% QoQ) in the quarter, lower than our projection of Bt532mn by around 9%.</li>
<li>The weak 2Q23 core earnings QoQ can be blamed on the following.</li>
</ul>


GPSC reported a 2Q23 NP of Bt309mn (-55% YoY, -72% QoQ), including an extra item relating to the coal stock adjustment at the Gheco-One project of -Bt210mn.
Meanwhile, core profit was recorded at Bt487mn (-16% YoY, -53% QoQ) in the quarter, lower than our projection of Bt532mn by around 9%.
The weak 2Q23 core earnings QoQ can be blamed on the following.


Earnings Review - Global Power Synergy Plc. (GPSC)