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

GFPT Public Company Limited / Equity Bottom-Up

<ul><li>1Q25E core profit is expected to grow YoY and QoQ, accounting for 30% of the 2025E full-year forecast.</li><li>However, the share price has already priced in the positive earnings outlook for 1Q25E.</li><li>Moreover, both core and net profit for 2025E are expected to decline by 4% and 9% YoY, respectively.</li></ul>

1Q25E core profit is expected to grow YoY and QoQ, accounting for 30% of the 2025E full-year forecast.However, the share price has already priced in the positive earnings outlook for 1Q25E.Moreover, both core and net profit for 2025E are expected to decline by 4% and 9% YoY, respectively.

GFPT - Expect 1Q25E Core Profit Growth of 27% YoY, 80% QoQ