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>RBF reported a net profit increase of just 7% YoY in 2Q22.</li><li>The 2Q22 sales grew by 24% YoY, as domestic sales expanded by 18% and overseas sales increased by 55%.</li><li>We are likely to revise down our earnings forecast, fair value (from Bt15.98 currently) and rating (from Buy currently).</li></ul>

RBF reported a net profit increase of just 7% YoY in 2Q22.The 2Q22 sales grew by 24% YoY, as domestic sales expanded by 18% and overseas sales increased by 55%.We are likely to revise down our earnings forecast, fair value (from Bt15.98 currently) and rating (from Buy currently).

Earnings Reviews (RBF, SAPPE, SAT, SFT, SMPC, SYNEX, TFG, VIBHA)

R&B Food Supply

Earnings Reviews (RBF, SAPPE, SAT, SFT, SMPC, SYNEX, TFG, VIBHA)