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

GFPT Public Company Limited / Equity Bottom-Up

<ul><li>The best profits for this year have already occurred in 2Q-3Q24. Recently, domestic chicken prices have softened, and the chicken export business is entering its low season in 4Q-1Q.</li><li>Therefore, no short-term catalysts are expected in the next 3-6 months.</li><li>KTX maintains a Neutral rating (FV= Bt13.25), based on a required return of 11%. </li></ul>

The best profits for this year have already occurred in 2Q-3Q24. Recently, domestic chicken prices have softened, and the chicken export business is entering its low season in 4Q-1Q.Therefore, no short-term catalysts are expected in the next 3-6 months.KTX maintains a Neutral rating (FV= Bt13.25), based on a required return of 11%. 

GFPT - Expect 3Q24E Core Profit Growth of 74% YoY