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 1Q26E net profit for BBL at Bt9.15bn, down 27.5% YoY but up 18.0% QoQ.</li><li>BBL announced a 2H25 dividend of Bt8.0/share (yield ~4.8%), implying a full-year payout ratio of 41%, slightly below peers, likely to support future loan growth.</li><li>BBL is well-positioned to benefit from FDI inflows, supported by its strong balance sheet, with a high coverage ratio of 324% and a relatively low loan-to-deposit ratio (LDR) of around 81.6%.</li></ul>

We expect 1Q26E net profit for BBL at Bt9.15bn, down 27.5% YoY but up 18.0% QoQ.BBL announced a 2H25 dividend of Bt8.0/share (yield ~4.8%), implying a full-year payout ratio of 41%, slightly below peers, likely to support future loan growth.BBL is well-positioned to benefit from FDI inflows, supported by its strong balance sheet, with a high coverage ratio of 324% and a relatively low loan-to-deposit ratio (LDR) of around 81.6%.

BANGKOK BANK Plc. (BBL): 1Q26E Profit To Decline YoY, But Rise QoQ...

Bangkok Bank

BANGKOK BANK Plc. (BBL): 1Q26E Profit To Decline YoY, But Rise QoQ...