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

Thai Foods Group Public Company Limited / Equity Bottom-Up

Thai Foods Group Public Company Limited (TFG TB)

<ul><li>The 4Q23 and 2023 earnings marked bigger-than-expected losses owing to downbeat margins and higher-than-expected operating expenses.</li><li>Looking ahead, the potential earnings recovery is likely to be slow.</li><li>KTX maintains a Neutral rating, with a fair value of Bt3.49, based on a required rate of return of 7.9%. </li></ul>

The 4Q23 and 2023 earnings marked bigger-than-expected losses owing to downbeat margins and higher-than-expected operating expenses.Looking ahead, the potential earnings recovery is likely to be slow.KTX maintains a Neutral rating, with a fair value of Bt3.49, based on a required rate of return of 7.9%. 

Thaifoods Group -4Q23-2023 Earnings Worse than Expected