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>1Q26 net profit declined 47% YoY and 2% QoQ, broadly in line with expectations, due to a 6% YoY and 5% QoQ decline in sales from seasonal factors, while GPM weakened both YoY and QoQ.</li><li>In 2Q26E, meat prices are expected to increase, reflecting tighter supply during the summer season and higher raw material costs.</li><li>In addition, rising oil prices are expected to increase transportation and packaging costs, which account for around 6% of sales.</li></ul>

1Q26 net profit declined 47% YoY and 2% QoQ, broadly in line with expectations, due to a 6% YoY and 5% QoQ decline in sales from seasonal factors, while GPM weakened both YoY and QoQ.In 2Q26E, meat prices are expected to increase, reflecting tighter supply during the summer season and higher raw material costs.In addition, rising oil prices are expected to increase transportation and packaging costs, which account for around 6% of sales.

BETAGRO Plc. (BTG): 1Q26 Earnings in Line; YoY Decline From Weaker Sales And GPM

Betagro

BETAGRO Plc. (BTG): 1Q26 Earnings in Line; YoY Decline From Weaker Sales And GPM