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>KTX has a neutral to slightly positive view on the 1Q25E outlook.</li><li>We expect profit growth YoY and QoQ, driven by higher broiler and swine prices, lower raw material costs, and a decline in operating expenses to sales QoQ.</li><li>Based on our valuation metrics, the long-term growth outlook has been revised to average (previously steady), as two-year profit growth is projected at a CAGR of 10%. </li></ul>

KTX has a neutral to slightly positive view on the 1Q25E outlook.We expect profit growth YoY and QoQ, driven by higher broiler and swine prices, lower raw material costs, and a decline in operating expenses to sales QoQ.Based on our valuation metrics, the long-term growth outlook has been revised to average (previously steady), as two-year profit growth is projected at a CAGR of 10%. 

Betagro - In-Line 4Q24 and 2024 Profit; 1Q25E Earnings to Grow YoY and QoQ