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

Bangkok Dusit Medical Services / Equity Bottom-Up

<ul><li>We take a slightly negative view on 1Q26E core profit, which is expected to decline QoQ due to normal seasonality and delayed return of Middle Eastern patients.</li><li>BDMS is expected to report its 1Q26E core profit of Bt3.9bn on May 13, down 10% YoY and 3% QoQ.</li><li>We maintain our Outperform rating, supported by 26% upside to our new fair value of Bt24.00.</li></ul>

We take a slightly negative view on 1Q26E core profit, which is expected to decline QoQ due to normal seasonality and delayed return of Middle Eastern patients.BDMS is expected to report its 1Q26E core profit of Bt3.9bn on May 13, down 10% YoY and 3% QoQ.We maintain our Outperform rating, supported by 26% upside to our new fair value of Bt24.00.

BANGKOK DUSIT MEDICAL SERVICES Plc: Core Profit Below Prior Estimate On Middle East Impact