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

<ul><li>GABLE reported 4Q25 profit of Bt125mn (+11% YoY, +10% QoQ), beating KTX and market estimates and marking a second consecutive all-time high quarter.</li><li>2025 core profit surged to a record Bt341mn (+44% YoY) on continued revenue growth and strong GPM. We raise our 2026E forecast by 13% to Bt380mn (+12% YoY).</li><li>We reiterate Outperform and raise our fair value to Bt4.30, based on a 13.3% required return, equivalent to 8x P/E (-0.5SD).</li></ul>

GABLE reported 4Q25 profit of Bt125mn (+11% YoY, +10% QoQ), beating KTX and market estimates and marking a second consecutive all-time high quarter.2025 core profit surged to a record Bt341mn (+44% YoY) on continued revenue growth and strong GPM. We raise our 2026E forecast by 13% to Bt380mn (+12% YoY).We reiterate Outperform and raise our fair value to Bt4.30, based on a 13.3% required return, equivalent to 8x P/E (-0.5SD).

G-ABLE Plc. (GABLE): All-Time High Profit For Two Consecutive Quarters

G-Able

G-ABLE Plc. (GABLE): All-Time High Profit For Two Consecutive Quarters