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)

Thailand Energy / Thematic (Sector/Industry)

<ul><li>Mr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, in his capacity as Chairman of the Committee on Fuel Price Structure Review, convened a meeting with refinery representatives on April 3 to gather input and request detailed data on the oil pricing structure.</li><li>We assess a case study based on a subsidy contribution assumption, benchmarked against a reduction in refining margins of every USD5/bbl (approximately Bt1/liter), applied to diesel and gasoline production over a one-month period.</li><li>We expect policy risk stemming from recent news flow to weigh on sentiment and share prices of refinery stocks.</li></ul>

Mr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, in his capacity as Chairman of the Committee on Fuel Price Structure Review, convened a meeting with refinery representatives on April 3 to gather input and request detailed data on the oil pricing structure.We assess a case study based on a subsidy contribution assumption, benchmarked against a reduction in refining margins of every USD5/bbl (approximately Bt1/liter), applied to diesel and gasoline production over a one-month period.We expect policy risk stemming from recent news flow to weigh on sentiment and share prices of refinery stocks.

Energy (Refinery): Government To Overhaul Oil Pricing Structure - Neutral