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>2Q26 net profit beat our forecast, driven by the gain from the sale of the remaining 51% stake in ASCLT2, while core profit was solid and in line with expectations.</li><li>Core performance was supported by land transfers, a high average land selling price, and a strong GPM, as most land transfers came from the Chonburi industrial estate.</li><li>We maintain our Outperform rating and 12-month FV of Bt32.00, based on a 10.6% required return.</li></ul>

2Q26 net profit beat our forecast, driven by the gain from the sale of the remaining 51% stake in ASCLT2, while core profit was solid and in line with expectations.Core performance was supported by land transfers, a high average land selling price, and a strong GPM, as most land transfers came from the Chonburi industrial estate.We maintain our Outperform rating and 12-month FV of Bt32.00, based on a 10.6% required return.

AMATA CORPORATION Plc. (AMATA): 2Q26 Net Profit Beat on Investment Disposal Gain; Core Profit in Line - Outperform (12M FWD Fair Value Bt32.00)

Amata Corporation

AMATA CORPORATION Plc. (AMATA): 2Q26 Net Profit Beat on Investment Disposal Gain; Core Profit in Line - Outperform (12M FWD Fair Value Bt32.00)