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

<div><div><div><div><ul><li>2Q23E earnings are expected to have fallen 2% YoY but increased 33% QoQ: KTX expects M to report a 2Q23E net profit of Bt432mn (-2% YoY, +33% QoQ) due to the continued recovery in the number of dine-in customers in all of M's restaurant chains.</li><li>Economic activities and higher tourist arrivals, along with the series of public holidays in April, likely contributed to the rise in customer visits.</li><li>Compared to 2Q22, the SSSG for 2Q23E is expected to have increased further at 11%, 6% and 14% for MKR, Yayoi and LCS, respectively. </li></ul></div></div></div></div>

2Q23E earnings are expected to have fallen 2% YoY but increased 33% QoQ: KTX expects M to report a 2Q23E net profit of Bt432mn (-2% YoY, +33% QoQ) due to the continued recovery in the number of dine-in customers in all of M's restaurant chains.Economic activities and higher tourist arrivals, along with the series of public holidays in April, likely contributed to the rise in customer visits.Compared to 2Q22, the SSSG for 2Q23E is expected to have increased further at 11%, 6% and 14% for MKR, Yayoi and LCS, respectively. 

MK Restaurant Group Plc (M) - 2Q23E Earnings Expected to Have Fallen 2% YoY but Increased 33% QoQ

MK Restaurants Group

MK Restaurant Group Plc (M) - 2Q23E Earnings Expected to Have Fallen 2% YoY but Increased 33% QoQ