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>In 3Q25, KCE’s USD revenue rose to USD107mn (–3% YoY, +8% QoQ), a 4-quarter high, driven by order recovery, slight price gains, and new machine installations.</li><li>SG&amp;A rose sharply to Bt474mn from Bt435mn in the prior quarter, mainly from impairment, doubtful debt provisions, and intangible asset write-offs totaling about Bt49mn.</li><li>KCE posted a 3Q25 core profit of Bt275mn (–29% YoY, +57% QoQ), in line with our estimate but 9% below consensus.</li></ul>

In 3Q25, KCE’s USD revenue rose to USD107mn (–3% YoY, +8% QoQ), a 4-quarter high, driven by order recovery, slight price gains, and new machine installations.SG&amp;A rose sharply to Bt474mn from Bt435mn in the prior quarter, mainly from impairment, doubtful debt provisions, and intangible asset write-offs totaling about Bt49mn.KCE posted a 3Q25 core profit of Bt275mn (–29% YoY, +57% QoQ), in line with our estimate but 9% below consensus.

KCE ELECTRONICS Plc. (KCE): Core Profit Met Our Estimate But Missed Consensus

KCE Electronics PCL

KCE ELECTRONICS Plc. (KCE): Core Profit Met Our Estimate But Missed Consensus