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>3Q24 profit declined YoY and QoQ due to a larger drop in sales compared to the increase in the gross margin, which pressured operating expenses to sales.</li><li>Reduced purchasing power and stiffer competition in the hotpot restaurant sector make the long-term growth outlook less attractive.</li><li>We expect 2-year profit growth at a CAGR of 5%.</li></ul>

3Q24 profit declined YoY and QoQ due to a larger drop in sales compared to the increase in the gross margin, which pressured operating expenses to sales.Reduced purchasing power and stiffer competition in the hotpot restaurant sector make the long-term growth outlook less attractive.We expect 2-year profit growth at a CAGR of 5%.

Mk Restaurant Group - 3Q24 Earnings Declined YoY and QoQ, Below Forecast by 6%

MK Restaurants Group

Mk Restaurant Group - 3Q24 Earnings Declined YoY and QoQ, Below Forecast by 6%