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>SVI reported 1Q25 core profit of Bt110mn (-63% YoY and QoQ), which was 60% below market expectations due to lower-than-expected revenue and a weaker gross profit margin (GPM).</li><li>In the short term, we believe the significantly weaker- than-expected earnings results may put pressure on the share price over the next two weeks.</li><li>We are putting our earnings forecasts, stock rating, and target price for SVI under review.</li></ul>

SVI reported 1Q25 core profit of Bt110mn (-63% YoY and QoQ), which was 60% below market expectations due to lower-than-expected revenue and a weaker gross profit margin (GPM).In the short term, we believe the significantly weaker- than-expected earnings results may put pressure on the share price over the next two weeks.We are putting our earnings forecasts, stock rating, and target price for SVI under review.

SVI - Revenue Shortfall Led to Downbeat Profit

SVI Pcl

SVI - Revenue Shortfall Led to Downbeat Profit