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>ASK reported a 2Q24 net profit of Bt82mn, down 75.5% YoY and 52.6% QoQ, below our estimate of 14.7% due to higher-than-expected provisioning.</li><li>Asset quality deteriorated significantly, reflecting greater vulnerability among debtors amid the slow economic recovery.</li><li>We maintain our 2024E profit forecast at Bt4.6bn, anticipating a resurgence in 2H24E on the back of the economic recovery.</li></ul>

ASK reported a 2Q24 net profit of Bt82mn, down 75.5% YoY and 52.6% QoQ, below our estimate of 14.7% due to higher-than-expected provisioning.Asset quality deteriorated significantly, reflecting greater vulnerability among debtors amid the slow economic recovery.We maintain our 2024E profit forecast at Bt4.6bn, anticipating a resurgence in 2H24E on the back of the economic recovery.

Asia Sermkij Leasing

Asia Sermkij Leasing ASK