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>2Q25E core profit is expected to grow 82% YoY and 19% QoQ, driven by improved margins both YoY and QoQ.</li><li>This should have been supported by higher swine prices in Thailand, Vietnam, Cambodia, the Philippines, and Russia, while swine prices in China remain soft but still profitable.</li><li>Meanwhile, raw material costs have declined.</li></ul>

2Q25E core profit is expected to grow 82% YoY and 19% QoQ, driven by improved margins both YoY and QoQ.This should have been supported by higher swine prices in Thailand, Vietnam, Cambodia, the Philippines, and Russia, while swine prices in China remain soft but still profitable.Meanwhile, raw material costs have declined.

Charoen Pokphand Foods - 2Q25E Core Profit Expected to Grow 82% YoY and 19% QoQ

CP FOODS

Charoen Pokphand Foods - 2Q25E Core Profit Expected to Grow 82% YoY and 19% QoQ