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>We are optimistic based on the upbeat 2Q24 earnings, driven by a robust gross profit margin (GPM) of 64% from the industrial estate business and strong profit contributions from land sales in WHA IER.</li><li>Core profit for 2H24E is expected to expand HoH, benefiting from seasonal factors.</li><li>The company is also in the process of revising up its presales target, supported by healthy investment demand across various industries. </li></ul>

We are optimistic based on the upbeat 2Q24 earnings, driven by a robust gross profit margin (GPM) of 64% from the industrial estate business and strong profit contributions from land sales in WHA IER.Core profit for 2H24E is expected to expand HoH, benefiting from seasonal factors.The company is also in the process of revising up its presales target, supported by healthy investment demand across various industries. 

Wha Corporation - Bullish View on 2Q24 Core Profit and Upbeat GPM from IE Business

WHA Corp Pcl

Wha Corporation - Bullish View on 2Q24 Core Profit and Upbeat GPM from IE Business