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 Financials / Thematic (Sector/Industry)

<ul><li>The truck leasing sector stocks under our coverage reported a combined net profit of Bt139mn in 4Q24 (-56.8% YoY, +0.7% QoQ).</li><li>While new truck sales in 2025E remain challenged by low production volumes, demand has started shifting toward the used truck market.</li><li>In addition, the "You Fight, We Help" program is supporting the recovery of used truck prices, which should ease pressure on provisions and repossession losses. </li></ul>

The truck leasing sector stocks under our coverage reported a combined net profit of Bt139mn in 4Q24 (-56.8% YoY, +0.7% QoQ).While new truck sales in 2025E remain challenged by low production volumes, demand has started shifting toward the used truck market.In addition, the "You Fight, We Help" program is supporting the recovery of used truck prices, which should ease pressure on provisions and repossession losses. 

Finance & Securities: Truck Hire Purchase - MARCH 14, 2025