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>Stronger SSSG and GPM drove 3Q25 core profit up 30% YoY and 4% QoQ.</li><li>Valuation metrics keep a positive view on current valuation, with 25% upside to the Bt41.40 FV (earnings-yield method; 5.13% required return).</li><li>Core profit grew 30% YoY (sales +15%, GPM +290bps) and 4% QoQ (sales +4%, GPM +70bps).</li></ul>

Stronger SSSG and GPM drove 3Q25 core profit up 30% YoY and 4% QoQ.Valuation metrics keep a positive view on current valuation, with 25% upside to the Bt41.40 FV (earnings-yield method; 5.13% required return).Core profit grew 30% YoY (sales +15%, GPM +290bps) and 4% QoQ (sales +4%, GPM +70bps).

MOSHI MOSHI RETAIL CORPORATION Plc. (MOSHI): 3Q25 Core Profit +30% YoY, +4% QoQ

Moshi Moshi Retail

MOSHI MOSHI RETAIL CORPORATION Plc. (MOSHI): 3Q25 Core Profit +30% YoY, +4% QoQ