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>1Q25E core profit is projected to have grown 6% YoY and 61% QoQ, supported by positive SSSG, a recovery in the gross margin, and lower interest expenses.</li><li>The full-year 2025E profit forecast is maintained, and we also retain our estimate for three-year core profit growth at a CAGR of 30%.</li><li>The valuation metrics reflect a strong long-term outlook. </li></ul>

1Q25E core profit is projected to have grown 6% YoY and 61% QoQ, supported by positive SSSG, a recovery in the gross margin, and lower interest expenses.The full-year 2025E profit forecast is maintained, and we also retain our estimate for three-year core profit growth at a CAGR of 30%.The valuation metrics reflect a strong long-term outlook. 

Dohome - 1Q25E Earnings to Have Increased YoY and QoQ

Dohome PCL

Dohome - 1Q25E Earnings to Have Increased YoY and QoQ