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>In 1Q24, earnings surpassed expectations by 3%, driven by higher-than-anticipated other income and lower-than- expected operating expenses.</li><li>Furthermore, the strategic push to boost sales from the previous year continued to yield results in 1Q24.</li><li>Despite challenges stemming from weakened purchasing power amid adverse economic conditions, management demonstrated efficiency, leading us to maintain our earnings projection.</li></ul>

In 1Q24, earnings surpassed expectations by 3%, driven by higher-than-anticipated other income and lower-than- expected operating expenses.Furthermore, the strategic push to boost sales from the previous year continued to yield results in 1Q24.Despite challenges stemming from weakened purchasing power amid adverse economic conditions, management demonstrated efficiency, leading us to maintain our earnings projection.

Home Product Center -1Q24 Earnings Increased 6% YoY and 12% QoQ, in Line with Projection