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>The 2Q23E sales and earnings are expected to have been very strong.</li><li>Earnings are forecast to grow by 75% YoY and 6% QoQ in 2Q23E and then hit new highs in 3Q23E due to the peak sales season for overseas markets.</li><li>We expect to see earnings growth of around 70-80% YoY in 3Q23E before entering the low season in the 4Q.</li></ul>

The 2Q23E sales and earnings are expected to have been very strong.Earnings are forecast to grow by 75% YoY and 6% QoQ in 2Q23E and then hit new highs in 3Q23E due to the peak sales season for overseas markets.We expect to see earnings growth of around 70-80% YoY in 3Q23E before entering the low season in the 4Q.

SAPPE TB - Strong Sales and Earnings Momentum in 2Q23E

Sappe Pcl

SAPPE TB - Strong Sales and Earnings Momentum in 2Q23E