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>KCE reported 2Q25 core profit of Bt176mn (-67% YoY, -2% QoQ), missing our and the market’s estimates by 20% and 26%, respectively.</li><li>This marks the seventh consecutive quarter in which the company’s profit came in below market expectations, leading us to believe that in the short term, the share price is likely to decline in line with the investment strategy we previously recommended.</li><li>We maintain our Underperform rating with and unchanged fair value, and we will revise our forecasts after today’s analyst meeting.</li></ul>

KCE reported 2Q25 core profit of Bt176mn (-67% YoY, -2% QoQ), missing our and the market’s estimates by 20% and 26%, respectively.This marks the seventh consecutive quarter in which the company’s profit came in below market expectations, leading us to believe that in the short term, the share price is likely to decline in line with the investment strategy we previously recommended.We maintain our Underperform rating with and unchanged fair value, and we will revise our forecasts after today’s analyst meeting.

KCE ELECTRONICS Plc. (KCE): Another Quarter Of Downbeat Earnings

KCE Electronics PCL

KCE ELECTRONICS Plc. (KCE): Another Quarter Of Downbeat Earnings