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>SYNEX reported 1Q25 core profit of Bt151mn (+23% YoY, +30% QoQ), marking the highest level in three years, though still 12% below the market’s expectation of Bt171mn.</li><li>The trade receivables situation showed improvement compared to the previous quarter.</li><li>We are currently reviewing our earnings forecasts, rating, and target price for SYNEX.</li></ul>

SYNEX reported 1Q25 core profit of Bt151mn (+23% YoY, +30% QoQ), marking the highest level in three years, though still 12% below the market’s expectation of Bt171mn.The trade receivables situation showed improvement compared to the previous quarter.We are currently reviewing our earnings forecasts, rating, and target price for SYNEX.

Synnex - Good Revenue Growth but Downbeat Profit

Synnex Thailand

Synnex - Good Revenue Growth but Downbeat Profit