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

Thematic (Sector/Industry)

Thailand Banks / Thematic (Sector/Industry)

<ul><li>We believe the BOT’s fee reduction measures will have only a limited and manageable impact on the banking sector’s earnings.</li><li>KTX maintains its Overweight stance on the banking sector, with KBANK (Outperform, TP Bt212.90) and BBL (Neutral, TP Bt175.80) remaining our top picks.</li><li>The Bank of Thailand (BOT) announced new regulations on June 2, 2026, introducing service fee standards and reducing fees on 19 items across four key areas: deposits, electronic cards, payment services, and SME lending.</li></ul>

We believe the BOT’s fee reduction measures will have only a limited and manageable impact on the banking sector’s earnings.KTX maintains its Overweight stance on the banking sector, with KBANK (Outperform, TP Bt212.90) and BBL (Neutral, TP Bt175.80) remaining our top picks.The Bank of Thailand (BOT) announced new regulations on June 2, 2026, introducing service fee standards and reducing fees on 19 items across four key areas: deposits, electronic cards, payment services, and SME lending.

Banking: Fee Structure Adjustment: Limited Impact On Earnings - Overweight