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>HTC reported a 1Q26 net profit of Bt198mn (+9% YoY, +76% QoQ). Excluding a reversal of asset impairment losses and Fx losses, core profit came in line with estimates at Bt183mn (+2% YoY, +68% QoQ).</li><li>1Q26 revenue reached Bt2.35bn, up 12% YoY and 8% QoQ. This outperformed the non-alcoholic ready-to-drink (NARTD) market in Southern Thailand, which grew only 5% YoY.</li><li>Effective management of pricing, packaging sizes, and sales channels, combined with production efficiency improvements, helped maintain the gross profit margin (GPM) flat YoY at 42.1%.</li></ul>

HTC reported a 1Q26 net profit of Bt198mn (+9% YoY, +76% QoQ). Excluding a reversal of asset impairment losses and Fx losses, core profit came in line with estimates at Bt183mn (+2% YoY, +68% QoQ).1Q26 revenue reached Bt2.35bn, up 12% YoY and 8% QoQ. This outperformed the non-alcoholic ready-to-drink (NARTD) market in Southern Thailand, which grew only 5% YoY.Effective management of pricing, packaging sizes, and sales channels, combined with production efficiency improvements, helped maintain the gross profit margin (GPM) flat YoY at 42.1%.

HAAD THIP Plc. (HTC): 1Q26 Core Profit Came In Line With Estimates

Haad Thip

HAAD THIP Plc. (HTC): 1Q26 Core Profit Came In Line With Estimates