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>1Q26 core profit beat expectations, driven by stronger-thanexpected profitability.</li><li>We maintain our Outperform rating and 12M FV of Bt36.50, based on a required return of 4.3%.</li><li>1Q26 net profit came in at Bt2.1bn (+187% YoY, +120% QoQ).</li></ul>

1Q26 core profit beat expectations, driven by stronger-thanexpected profitability.We maintain our Outperform rating and 12M FV of Bt36.50, based on a required return of 4.3%.1Q26 net profit came in at Bt2.1bn (+187% YoY, +120% QoQ).

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