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>BCPG is required to sell its stakes in two US CCGT power plants (426MWe), as the investment has generated a total return multiple of 1.6x (vs. the agreed threshold of 1.5x).</li><li>The transaction is expected to generate a one-off gain of Bt2.5-3.0bn (in 3Q26E) and net cash proceeds of around Bt11.5bn.</li><li>Incorporating this downside scenario results in a fair value range of Bt6.5-7.2 (implying a 10-20% downside risk to current FV of Bt8.00).</li></ul>

BCPG is required to sell its stakes in two US CCGT power plants (426MWe), as the investment has generated a total return multiple of 1.6x (vs. the agreed threshold of 1.5x).The transaction is expected to generate a one-off gain of Bt2.5-3.0bn (in 3Q26E) and net cash proceeds of around Bt11.5bn.Incorporating this downside scenario results in a fair value range of Bt6.5-7.2 (implying a 10-20% downside risk to current FV of Bt8.00).

BCPG Plc. (BCPG): US CCGT Divestment Amid Earnings Challenges