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>A rising proportion of high-technology customers, together with the initial land transfers in the Smart City project, has driven land ASP and GPM above our expectations.</li><li>We therefore raise our 2026-28E core profit forecasts by 14%-25%.</li><li>We upgrade our rating to Outperform (from Neutral), as upside has increased to 13%.</li></ul>

A rising proportion of high-technology customers, together with the initial land transfers in the Smart City project, has driven land ASP and GPM above our expectations.We therefore raise our 2026-28E core profit forecasts by 14%-25%.We upgrade our rating to Outperform (from Neutral), as upside has increased to 13%.

AMATA CORPORATION Plc. (AMATA): Smart City Transfers Begin; ASP and GPM Enter a New Phase - Outperform (12M FWD Fair Value Bt32.00)

Amata Corporation

AMATA CORPORATION Plc. (AMATA): Smart City Transfers Begin; ASP and GPM Enter a New Phase - Outperform (12M FWD Fair Value Bt32.00)