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>BBIK reported a 1Q26 core profit of Bt78mn (+8% YoY, -38% QoQ), broadly in line with market expectations.</li><li>The share price has continued to decline following our earlier downgrade to Neutral.</li><li>Revenue in 1Q26 came in at Bt371mn (+7% YoY, -18% QoQ).</li></ul>

BBIK reported a 1Q26 core profit of Bt78mn (+8% YoY, -38% QoQ), broadly in line with market expectations.The share price has continued to decline following our earlier downgrade to Neutral.Revenue in 1Q26 came in at Bt371mn (+7% YoY, -18% QoQ).

BLUEBIK GROUP Plc. (BBIK): Continued Growth Momentum – Outperform

Bluebik Group

BLUEBIK GROUP Plc. (BBIK): Continued Growth Momentum – Outperform