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>The 1Q24 earnings increased YoY due to a wider profit margin but decreased 32% QoQ owing to higher operating expenses.</li><li>M’s earnings came in 8% below our projection thanks to higher-than-expected operating expenses.</li><li>The 1Q24 core profit accounted for 20% of our 2024E earnings projection, which we maintain.</li></ul>

The 1Q24 earnings increased YoY due to a wider profit margin but decreased 32% QoQ owing to higher operating expenses.M’s earnings came in 8% below our projection thanks to higher-than-expected operating expenses.The 1Q24 core profit accounted for 20% of our 2024E earnings projection, which we maintain.

MK RESTAURANT GROUP - 1Q24 Earnings up 7% YoY but Down 32% QoQ, 8% Below the Estimate

MK Restaurants Group

MK RESTAURANT GROUP - 1Q24 Earnings up 7% YoY but Down 32% QoQ, 8% Below the Estimate