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 profit hit a new high and marked bigger-than-expected growth due to an upbeat margin. Sales grew in line with the expectation.</li><li>1H is the peak sales season of the beverage business in Thailand and Asia, and 3Q is a good sales season for European and US markets.</li><li>We maintain our 2024E earnings forecast, with potential upside.</li></ul>

The 1Q24 profit hit a new high and marked bigger-than-expected growth due to an upbeat margin. Sales grew in line with the expectation.1H is the peak sales season of the beverage business in Thailand and Asia, and 3Q is a good sales season for European and US markets.We maintain our 2024E earnings forecast, with potential upside.

Sappe -1Q24 Sales and Profit Growth Hit New Highs

Sappe Pcl

Sappe -1Q24 Sales and Profit Growth Hit New Highs