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

Frasers Property Thailand Industrial Freehold & Leasehold REIT / Equity Bottom-Up

Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT TB)

Frasers Property Thailand Industrial Freehold & Leasehold REIT

<ul>
<li>The investment rating is downgraded to Neutral from Buy because the share price has risen 8.4% since the previous report in May 2026, leaving the stock fully valued against the unchanged 12-month FV of Bt12.80, based on a 7.6% required return.</li>
<li>This rating adjustment is consistent with an unchanged tactical view of very limited upside potential.</li>
<li>FTREIT declared a DPS of Bt0.1955 for 3QFY26 (XD on August 21), implying a 1.5% quarterly dividend yield.</li>
</ul>


The investment rating is downgraded to Neutral from Buy because the share price has risen 8.4% since the previous report in May 2026, leaving the stock fully valued against the unchanged 12-month FV of Bt12.80, based on a 7.6% required return.
This rating adjustment is consistent with an unchanged tactical view of very limited upside potential.
FTREIT declared a DPS of Bt0.1955 for 3QFY26 (XD on August 21), implying a 1.5% quarterly dividend yield.


FTREIT TB: 3QFY26 Core Profit Up on Expanded Area: Neutral (12M FWD Fair Value Bt12.80)