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

Thematic (Sector/Industry)

Thailand Banks / Thematic (Sector/Industry)

<ul><li>We expect the six banks under coverage to report combined 3Q26E net profit of Bt43.03bn (-0.5% QoQ, -9.5% YoY).</li><li>The YoY decline reflects lower NIM and a high base of investment gains in 3Q25.</li><li>We maintain Overweight, with BBL (Outperform, TP: Bt210.00) and KKP (Outperform, TP: Bt132.00) as top picks.</li></ul>

We expect the six banks under coverage to report combined 3Q26E net profit of Bt43.03bn (-0.5% QoQ, -9.5% YoY).The YoY decline reflects lower NIM and a high base of investment gains in 3Q25.We maintain Overweight, with BBL (Outperform, TP: Bt210.00) and KKP (Outperform, TP: Bt132.00) as top picks.

3Q26E Bank Earnings Expected Flat QoQ and Lower YoY