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 2Q26 net profit of Bt223mn and core profit of Bt197mn (+19% YoY, +11% QoQ), in line with our forecast and marking a new record high.</li>
<li>While revenue growth remained modest, GPM continued to expand to its highest level in six quarters, supported by a favorable product mix.</li>
<li>We expect earnings momentum to remain strong in 2H26 as the company enters the high season, with core profit likely to continue reaching new record highs.</li>
</ul>


SYNEX reported 2Q26 net profit of Bt223mn and core profit of Bt197mn (+19% YoY, +11% QoQ), in line with our forecast and marking a new record high.
While revenue growth remained modest, GPM continued to expand to its highest level in six quarters, supported by a favorable product mix.
We expect earnings momentum to remain strong in 2H26 as the company enters the high season, with core profit likely to continue reaching new record highs.


SYNNEX (THAILAND) Plc.: 2Q26 Core Profit In Line; GPM Expanded Strongly - Outperform

Synnex

SYNNEX (THAILAND) Plc.: 2Q26 Core Profit In Line; GPM Expanded Strongly - Outperform