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

Delta Electronics (Thailand) / Equity Bottom-Up

<ul>
<li>DELTA reported 2Q26 core profit of Bt5.5bn (+12% YoY, -38% QoQ), missing our forecast and the market consensus by 31% and 37%, respectively.</li>
<li>The earnings miss was primarily attributable to supply constraints, royalty fee expenses, and inventory provisions.</li>
<li>Based on our investment strategy, we expect the share price to remain under pressure for around two weeks following the significantly weaker-than-expected earnings announcement.</li>
</ul>


DELTA reported 2Q26 core profit of Bt5.5bn (+12% YoY, -38% QoQ), missing our forecast and the market consensus by 31% and 37%, respectively.
The earnings miss was primarily attributable to supply constraints, royalty fee expenses, and inventory provisions.
Based on our investment strategy, we expect the share price to remain under pressure for around two weeks following the significantly weaker-than-expected earnings announcement.


DELTA ELECTRONICS: Our Investment Strategy Suggests Avoiding the Stock in the Near Term