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

Thematic (Sector/Industry)

Indonesia Utilities / Thematic (Sector/Industry)

<ul><li>The draft PDP 2026 increases the share of renewable energy (RE) and marks a transition toward an era in which data centers (DC), Direct PPAs, smart grids, and energy storage become key investment drivers.</li><li>We assign Overweight rating on the power sector.</li><li>The draft plan is scheduled for public hearings in early September and will be submitted to the National Energy Policy Council (NEPC) by the end of 2026.</li></ul>

The draft PDP 2026 increases the share of renewable energy (RE) and marks a transition toward an era in which data centers (DC), Direct PPAs, smart grids, and energy storage become key investment drivers.We assign Overweight rating on the power sector.The draft plan is scheduled for public hearings in early September and will be submitted to the National Energy Policy Council (NEPC) by the end of 2026.

Energy (Power Plants): Draft PDP 2026: Higher RE Share / Transition Toward DC, Direct PPA, and Energy Storage - Overweight