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

Srinanaporn Marketing Public Company Limited / Equity Bottom-Up

Srinanaporn Marketing Public Company Limited (SNNP TB)

Srinanaporn Marketing Public Company Limited

<ul><li>SNNP reported a 2Q23 net profit of Bt157mn, in line with our projection of Bt163mn.</li><li>The 2Q23 net profit increased by 35% YoY and 2% QoQ as the gross profit margin widened YoY but remained flat QoQ.</li><li>Meanwhile, sales expanded both YoY and QoQ.</li></ul>

SNNP reported a 2Q23 net profit of Bt157mn, in line with our projection of Bt163mn.The 2Q23 net profit increased by 35% YoY and 2% QoQ as the gross profit margin widened YoY but remained flat QoQ.Meanwhile, sales expanded both YoY and QoQ.

Earnings Review - Srinanaporn Marketing Plc. (SNNP)