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>Yesterday, AOT's share price declined by 6%, with the drop occurring in the afternoon session following the company’s announcement to the SET regarding a revision to its previously disclosed statement (February 17, 2025).</li><li>The statement clarified the liquidity challenges faced by commercial operators and airlines, allowing King Power Duty Free (KPD) to defer the minimum guarantee payments for September 2024 to April 2025 (previously set to end in February 2025).</li><li>However, the clarification also revealed that KPD had initially submitted a request to postpone payments from August 2024 to July 2025, extending each installment by 18 months.</li></ul>

Yesterday, AOT's share price declined by 6%, with the drop occurring in the afternoon session following the company’s announcement to the SET regarding a revision to its previously disclosed statement (February 17, 2025).The statement clarified the liquidity challenges faced by commercial operators and airlines, allowing King Power Duty Free (KPD) to defer the minimum guarantee payments for September 2024 to April 2025 (previously set to end in February 2025).However, the clarification also revealed that KPD had initially submitted a request to postpone payments from August 2024 to July 2025, extending each installment by 18 months.

AOT TB - Negative View on Extension of Minimum Payment Deferral Period

Airports of Thailand

AOT TB - Negative View on Extension of Minimum Payment Deferral Period