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>We expect ADVANC to report a 2Q26E core profit of Bt13.0bn (+23% YoY, -0.2% QoQ).</li><li>Earnings are expected to remain broadly flat QoQ, as stable revenue is likely to reflect softer market conditions during the early part of 2Q26, following the disruption caused by the unrest in the Middle East.</li><li>We therefore downgrade our rating to Neutral from Outperform.</li></ul>

We expect ADVANC to report a 2Q26E core profit of Bt13.0bn (+23% YoY, -0.2% QoQ).Earnings are expected to remain broadly flat QoQ, as stable revenue is likely to reflect softer market conditions during the early part of 2Q26, following the disruption caused by the unrest in the Middle East.We therefore downgrade our rating to Neutral from Outperform.

ADVANCED INFO SERVICE Plc. (ADVANC): 2Q26E Earnings Expected to Remain Flat; Hold or Trade Within the Range – Neutral (12M FWD Fair Value Bt400.00)

Advanced Info Service

ADVANCED INFO SERVICE Plc. (ADVANC): 2Q26E Earnings Expected to Remain Flat; Hold or Trade Within the Range – Neutral (12M FWD Fair Value Bt400.00)