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>1Q25 profit declined both YoY and QoQ due to lower sales and narrower margins, while operating expenses to sales increased.</li><li>The valuation metrics reflect an upgraded view on the current fundamentals to buy (from undervalued previously), and the tactical view is changed to neutral (previously very limited upside risk).</li><li>Meanwhile, the steady long-term growth view is maintained.</li></ul>

1Q25 profit declined both YoY and QoQ due to lower sales and narrower margins, while operating expenses to sales increased.The valuation metrics reflect an upgraded view on the current fundamentals to buy (from undervalued previously), and the tactical view is changed to neutral (previously very limited upside risk).Meanwhile, the steady long-term growth view is maintained.

R&B Food Supply - 1Q25 Earnings Dropped YoY and QoQ Due to Slower Sales and a Narrower GPM

R&B Food Supply PCL

R&B Food Supply - 1Q25 Earnings Dropped YoY and QoQ Due to Slower Sales and a Narrower GPM