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 have revised up our earnings forecasts for 2025-27E to reflect stronger-than-expected 2Q25 results.</li><li>The 'MK Super Value Bt299' promotion has been extended through end-2025, with 10 additional menu items added, bringing the total to 29 all-you-can-order dishes.</li><li>SSSG in July was +4% (MKR +6%, Yayoi 0%, LCS –18%), driven by the MK suki buffet campaign that boosted customer traffic.</li></ul>

We have revised up our earnings forecasts for 2025-27E to reflect stronger-than-expected 2Q25 results.The 'MK Super Value Bt299' promotion has been extended through end-2025, with 10 additional menu items added, bringing the total to 29 all-you-can-order dishes.SSSG in July was +4% (MKR +6%, Yayoi 0%, LCS –18%), driven by the MK suki buffet campaign that boosted customer traffic.

MK RESTAURANT GROUP Plc. (M): Raised 2025-27E Earnings By An Average Of 27% P.a.

MK Restaurants Group

MK RESTAURANT GROUP Plc. (M): Raised 2025-27E Earnings By An Average Of 27% P.a.