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>1Q23E earnings to grow 6% YoY to Bt827mn: The earnings growth should be bolstered by expected sales growth of 18% YoY, driven by surging iPhone demand after the restocking in late 2022 to reap the benefits of the “Shop and Refund” scheme.</li>
<li>The GPM, however, is estimated to narrow to 13.2% from 13.7% last year.</li>
<li>New business expansion: COM7 targets to add 240 new stores (average: 174 new stores/year in the past five years), bringing the total to 1,400 stores by the end of 2023, with most to be stand-alone stores.</li>
</ul>


1Q23E earnings to grow 6% YoY to Bt827mn: The earnings growth should be bolstered by expected sales growth of 18% YoY, driven by surging iPhone demand after the restocking in late 2022 to reap the benefits of the “Shop and Refund” scheme.
The GPM, however, is estimated to narrow to 13.2% from 13.7% last year.
New business expansion: COM7 targets to add 240 new stores (average: 174 new stores/year in the past five years), bringing the total to 1,400 stores by the end of 2023, with most to be stand-alone stores.


Com7

Big Cap Update - COM7 Plc. (COM7)