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 a 2Q25 core profit of Bt4.9bn (-17% YoY, -1% QoQ), which came in 4% below our estimate and 12% below the market consensus.</li><li>The reported profit includes expenses related to a dispute settlement, though the company has not disclosed the exact amount of damages.</li><li>We believe DELTA’s underlying core profit was around Bt5.1bn, in line with our forecast but still below market expectations. </li></ul>

DELTA reported a 2Q25 core profit of Bt4.9bn (-17% YoY, -1% QoQ), which came in 4% below our estimate and 12% below the market consensus.The reported profit includes expenses related to a dispute settlement, though the company has not disclosed the exact amount of damages.We believe DELTA’s underlying core profit was around Bt5.1bn, in line with our forecast but still below market expectations. 

Delta Electronics (Thailand) - Downbeat Earnings May Impact ST Share Price