Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

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.

Equity Bottom-Up

<ul><li>We recommend opening positions in four DRs–RBLX06, RKLB80, CBRS80 and SPACEX80–all linked to US technology companies.</li><li>Our KTX Tactical DR Port delivered an average return of +0.58% as US stocks continued to advance.</li><li>Our KTX Baht Tracker indicates that the THB is becoming excessively strong.</li></ul>

We recommend opening positions in four DRs–RBLX06, RKLB80, CBRS80 and SPACEX80–all linked to US technology companies.Our KTX Tactical DR Port delivered an average return of +0.58% as US stocks continued to advance.Our KTX Baht Tracker indicates that the THB is becoming excessively strong.

KTX Tactical DR Picks - October 6, 2026 (Eng.)

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Roblox Corporation reported second quarter 2026 results reflecting ongoing growth coupled with challenges related to monetization and strategic transitions.</li><li>The company’s revenue increased 36% year-over-year to $1.5 billion, and bookings grew 8% to $1.6 billion, though bookings fell at the low end of guidance and below internal targets.</li><li>Daily active users (DAUs) reached 123 million, a 10% increase year-over-year, with total engagement hours growing 5% to 29 billion.</li></ul>

Roblox Corporation reported second quarter 2026 results reflecting ongoing growth coupled with challenges related to monetization and strategic transitions.The company’s revenue increased 36% year-over-year to $1.5 billion, and bookings grew 8% to $1.6 billion, though bookings fell at the low end of guidance and below internal targets.Daily active users (DAUs) reached 123 million, a 10% increase year-over-year, with total engagement hours growing 5% to 29 billion.

Roblox Corporation’s Bookings Are Set To Fall — Is The Retention Pivot Worth It?

<ul><li>Roblox Corporation reported first-quarter 2026 financial results marked by robust top-line growth alongside emerging challenges related to platform safety initiatives.</li><li>The company recorded revenue of $1.4 billion, a 39% increase year-over-year, and bookings of $1.7 billion, up 43% year-over-year, roughly doubling the prior long-term growth trajectory shared with investors.</li><li>Operating cash flow grew 42% to $629 million, and free cash flow increased 40% to $596 million.</li></ul>

Roblox Corporation reported first-quarter 2026 financial results marked by robust top-line growth alongside emerging challenges related to platform safety initiatives.The company recorded revenue of $1.4 billion, a 39% increase year-over-year, and bookings of $1.7 billion, up 43% year-over-year, roughly doubling the prior long-term growth trajectory shared with investors.Operating cash flow grew 42% to $629 million, and free cash flow increased 40% to $596 million.

Roblox: Why the 18+ User Segment Could Become a Major Monetization Catalyst!

<ul><li>Roblox has seen its stock tumble after management cut full-year expectations, but the deeper issue may be less about one weak guide and more about the platform’s social engine.</li><li>The company said its global age-check rollout for chat access created short-term friction, reducing communication across the platform and pressuring organic sign-ups, app-store sentiment, and daily active user trends.</li><li>That matters because Roblox is not just a gaming marketplace; it is a social playground where trends spread through friends, chat, coordination, and shared discovery.</li></ul>

Roblox has seen its stock tumble after management cut full-year expectations, but the deeper issue may be less about one weak guide and more about the platform’s social engine.The company said its global age-check rollout for chat access created short-term friction, reducing communication across the platform and pressuring organic sign-ups, app-store sentiment, and daily active user trends.That matters because Roblox is not just a gaming marketplace; it is a social playground where trends spread through friends, chat, coordination, and shared discovery.

Roblox Stock Crashed, But The Real Problem Could Be Much Bigger!

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>Roblox operates a unique and powerful platform built on user-generated content, creating a strong network effect that is difficult for competitors to replicate. This model drives significant user engagement and has led to explosive revenue growth.</li>
  <li>The company is aggressively pursuing growth by expanding internationally, particularly in Asia, and by 'aging up' its user base, with the 17-24 demographic now being the fastest-growing segment. These initiatives aim to increase the addressable market and monetization opportunities.</li>
  <li>Despite impressive top-line growth and positive operating cash flow, Roblox remains unprofitable, posting significant net losses as it invests heavily in R&amp;D and creator payouts. The path to sustained profitability while maintaining high growth is a key challenge for management.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Roblox operates a unique and powerful platform built on user-generated content, creating a strong network effect that is difficult for competitors to replicate. This model drives significant user engagement and has led to explosive revenue growth.
  The company is aggressively pursuing growth by expanding internationally, particularly in Asia, and by 'aging up' its user base, with the 17-24 demographic now being the fastest-growing segment. These initiatives aim to increase the addressable market and monetization opportunities.
  Despite impressive top-line growth and positive operating cash flow, Roblox remains unprofitable, posting significant net losses as it invests heavily in R&amp;D and creator payouts. The path to sustained profitability while maintaining high growth is a key challenge for management.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

United States

Roblox Corporation provides entertainment products and services. The Company designs and develops a wide range of online games such as internet three-dimensional and tutorial games for kids, teens, and adults. Roblox serves customers worldwide.

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ROBLOX (RBLX US)

KTX Tactical DR Picks - October 6, 2026 (Eng.)

We recommend opening positions in four DRs–RBLX06, RKLB80, CBRS80 and SPACEX80–all linked to US technology companies. Our KTX Tactical DR Port...

Krungthai XSpring

Roblox Corporation’s Bookings Are Set To Fall — Is The Retention Pivot Worth It?

Roblox Corporation reported second quarter 2026 results reflecting ongoing growth coupled with challenges related to monetization and strategic...

Baptista Research

Roblox: Why the 18+ User Segment Could Become a Major Monetization Catalyst!

Roblox Corporation reported first-quarter 2026 financial results marked by robust top-line growth alongside emerging challenges related to...

Baptista Research

Roblox Stock Crashed, But The Real Problem Could Be Much Bigger!

Roblox has seen its stock tumble after management cut full-year expectations, but the deeper issue may be less about one weak guide and more about...

Baptista Research

Primer: ROBLOX (RBLX US) - Apr 2026

Roblox operates a unique and powerful platform built on user-generated content, creating a strong network effect that is difficult for...

αSK Primers

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