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>ADVANC announced a dividend of Bt8.41/share for 2H25 plus a special dividend of Bt19.00/share, totaling Bt27.41/share (XD on February 27, 2026), implying an attractive 7.6% yield that should support the share price in the near term.</li><li>ADVANC posted 4Q25 core profit of Bt12,470mn (+35% YoY, +4% QoQ), beating our forecast by 5% due to a lower-than-expected effective tax rate.</li><li>Strong demand for the iPhone 17 lifted device sales to Bt13.7bn (+19% YoY, +53% QoQ), with GPM improving to 5.7% (vs. 6.0% in 4Q24 and 5.0% in 3Q25).</li></ul>

ADVANC announced a dividend of Bt8.41/share for 2H25 plus a special dividend of Bt19.00/share, totaling Bt27.41/share (XD on February 27, 2026), implying an attractive 7.6% yield that should support the share price in the near term.ADVANC posted 4Q25 core profit of Bt12,470mn (+35% YoY, +4% QoQ), beating our forecast by 5% due to a lower-than-expected effective tax rate.Strong demand for the iPhone 17 lifted device sales to Bt13.7bn (+19% YoY, +53% QoQ), with GPM improving to 5.7% (vs. 6.0% in 4Q24 and 5.0% in 3Q25).

ADVANCED INFO SERVICE Plc. (ADVANC): Strong 4Q25 Profit, Special Dividend Boosted Yield To 7.6%

Advanced Info Service

ADVANCED INFO SERVICE Plc. (ADVANC): Strong 4Q25 Profit, Special Dividend Boosted Yield To 7.6%