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 2Q26 net profit of Bt82mn (+11% YoY, +2% QoQ), making it the only company in the technology sector to deliver continued earnings growth.</li><li>The company's backlog increased significantly to a new record high of Bt1.1bn (+35% YoY, +30% QoQ).</li><li>We upgrade BBIK to Buy from Outperform and raise our fair value (FV) to Bt25 from Bt19, based on a 10.9% required return.</li></ul>

BBIK reported 2Q26 net profit of Bt82mn (+11% YoY, +2% QoQ), making it the only company in the technology sector to deliver continued earnings growth.The company's backlog increased significantly to a new record high of Bt1.1bn (+35% YoY, +30% QoQ).We upgrade BBIK to Buy from Outperform and raise our fair value (FV) to Bt25 from Bt19, based on a 10.9% required return.

BLUEBIK GROUP Plc. (BBIK): Strongest in the Industry - Buy (12M FWD Fair Value Bt25.00)

Bluebik Group

BLUEBIK GROUP Plc. (BBIK): Strongest in the Industry - Buy (12M FWD Fair Value Bt25.00)