Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

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.

Equity Bottom-Up

KTX Thailand: 4Q24 Earnings Results (Rank by % Growth YoY)

KTX Thailand: 3Q23 Earnings Estimate & Results (Rank by % Growth YoY)

KTX Thailand: 2Q23 Earnings Results (Rank by % Growth YoY)

KTX Thailand: 1Q23 Earnings Results (Rank by % Growth QoQ)

Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

Leading, full-service investment firm in Thailand

Pi Securities PCL, Thailand

Pi Securities is a well known securities company with 40 years experience in the industry, serving more than 60,000 clients. We offer one - stop service providing full range of financial products and services including extensive Brokerage, Proprietary Trading (Equities and Bonds), Advisory Services, Structured Products.

Moreover, our new research team tailored for institutional clients to focus on mid to small cap of Thai equities and trading strategies. Our services offered to our premium clients also include arrangement of company or site visits to with the managements of Thai listed companies.

Note: Effective on 1 March 2022, Country Group Securities PCL changed its name to Pi Securities

<ul>
<li>We anticipate KEX to continue to incur loss for longer period than we previously expected,but at a lower extent in terms of loss amount.The company report3Q22 net loss at Bt675m</li>
<li>Net loss in 3Q22 reduced by 8% from the worst in 2Q22 KEX report net loss in 3Q22 at Bt675m, the second lowest level since listed in DEC’20 </li>
<li>QoQ improvement backed by efficiency enhancement program mainly on the implementation of last-mile optimisation has trimmed cost of goods sold down by 3% amid 2% drop in revenue.</li>
</ul>


We anticipate KEX to continue to incur loss for longer period than we previously expected,but at a lower extent in terms of loss amount.The company report3Q22 net loss at Bt675m
Net loss in 3Q22 reduced by 8% from the worst in 2Q22 KEX report net loss in 3Q22 at Bt675m, the second lowest level since listed in DEC’20 
QoQ improvement backed by efficiency enhancement program mainly on the implementation of last-mile optimisation has trimmed cost of goods sold down by 3% amid 2% drop in revenue.


KEX : Net Loss in 3Q22 Has Slightly Improved

Thailand

Kex Express is a nationwide parcel delivery company in Thailand, providing integrated logistics solutions for C2C, B2C, and B2B segments, including domestic and international parcel delivery. They also offer ocean freight, cross-border land transportation, and customs clearance services. The company is headquartered in Bangkok, Thailand, and was founded in 2006.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Kex Express (KEX TB)

KTX Thailand: 4Q24 Earnings Results (Rank by % Growth YoY)

Krungthai XSpring

KTX Thailand: 3Q23 Earnings Estimate & Results (Rank by % Growth YoY)

Krungthai XSpring

KTX Thailand: 2Q23 Earnings Results (Rank by % Growth YoY)

Krungthai XSpring

KTX Thailand: 1Q23 Earnings Results (Rank by % Growth QoQ)

Krungthai XSpring

KEX : Net Loss in 3Q22 Has Slightly Improved

We anticipate KEX to continue to incur loss for longer period than we previously expected, but at a lower extent in terms of loss amount. The...

Pi Securities PCL, Thailand

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)