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>KTX holds a neutral to negative view on HMPRO’s 2Q24E earnings, which are expected to remain stable YoY but decline QoQ due to negative same-store-sales growth (SSSG).</li><li>Despite this, the current share price appears attractive from a fundamental perspective, as it has continued to fall, reflecting negative SSSG for four consecutive quarters.</li><li>The long-term earnings outlook is neutral, as is the tactical view. </li></ul>

KTX holds a neutral to negative view on HMPRO’s 2Q24E earnings, which are expected to remain stable YoY but decline QoQ due to negative same-store-sales growth (SSSG).Despite this, the current share price appears attractive from a fundamental perspective, as it has continued to fall, reflecting negative SSSG for four consecutive quarters.The long-term earnings outlook is neutral, as is the tactical view. 

Home Product Center - 2Q24E Earnings to Have Increased 1% YoY but Fallen 5% QoQ