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>3Q25E core profit is estimated at Bt668mn (+19% YoY, +1% QoQ).</li><li>GPM momentum remains strong, estimated at 17.5% in 3Q25E (vs. 15.5% in 3Q24 and 16.7% in 2Q25).</li><li>If 3Q25E results are in line with expectations, 9M25E core profit would reach Bt1.9bn, up 23% YoY and accounting for 90% of the 2025E forecast.</li></ul>

3Q25E core profit is estimated at Bt668mn (+19% YoY, +1% QoQ).GPM momentum remains strong, estimated at 17.5% in 3Q25E (vs. 15.5% in 3Q24 and 16.7% in 2Q25).If 3Q25E results are in line with expectations, 9M25E core profit would reach Bt1.9bn, up 23% YoY and accounting for 90% of the 2025E forecast.

GFPT Plc. (GFPT): Core Profit To Climb 19% YoY, 1% QoQ in 3Q25E