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 still has several company-specific growth drivers, such as: i) the launch of the Nintendo Switch 2; and ii) potential growth in mobile phone and Apple product sales.</li><li>We believe the company will continue to achieve revenue growth of 6.4% in 2025E, despite the fragile overall economic outlook and soft purchasing power.</li><li>We forecast profit at Bt603mn (+18% YoY), which is the lowest estimate in the market and already reflects a cautious view of future economic conditions.</li></ul>

SYNEX still has several company-specific growth drivers, such as: i) the launch of the Nintendo Switch 2; and ii) potential growth in mobile phone and Apple product sales.We believe the company will continue to achieve revenue growth of 6.4% in 2025E, despite the fragile overall economic outlook and soft purchasing power.We forecast profit at Bt603mn (+18% YoY), which is the lowest estimate in the market and already reflects a cautious view of future economic conditions.

Synnex (Thailand) - Company-Specific Factors to Continue to Support Growth

Synnex Thailand

Synnex (Thailand) - Company-Specific Factors to Continue to Support Growth