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>We expect GPSC to report a 2Q23E net profit of Bt532mn (-22% YoY, -52% QoQ).</li><li>The weaker momentum can be attributed to the prolonged decline in gas costs, which has been occurring at a slower rate compared to the Ft rate.</li><li>The weak earnings momentum in 2Q23E may exert pressure on the share price in the short term.</li></ul>

We expect GPSC to report a 2Q23E net profit of Bt532mn (-22% YoY, -52% QoQ).The weaker momentum can be attributed to the prolonged decline in gas costs, which has been occurring at a slower rate compared to the Ft rate.The weak earnings momentum in 2Q23E may exert pressure on the share price in the short term.

GLOBAL POWER SYNERGY (GPSC): 2Q23E Earnings to Show Weaker Momentum Given the Extended Lag Effect of the Decline in Gas Costs

Global Power Synergy

GLOBAL POWER SYNERGY (GPSC): 2Q23E Earnings to Show Weaker Momentum Given the Extended Lag Effect of the Decline in Gas Costs