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>The company targets expanding its power generation portfolio to 13,666MW by 2030 (vs. 7,336MW as of 1Q26).</li><li>The company targets adding more than 3,500MW of conventional power capacity in Thailand.</li><li>The 660MW GHECO-One coal-fired power plant has delivered improved operating efficiency following its major maintenance shutdown in 1Q26.</li></ul>

The company targets expanding its power generation portfolio to 13,666MW by 2030 (vs. 7,336MW as of 1Q26).The company targets adding more than 3,500MW of conventional power capacity in Thailand.The 660MW GHECO-One coal-fired power plant has delivered improved operating efficiency following its major maintenance shutdown in 1Q26.

GLOBAL POWER SYNERGY Plc. (GPSC): Key Takeaways From Plant Visit – GHECO-One, GIPP – Outperform (12M FWD Fair Value Bt52.50)

Global Power Synergy

GLOBAL POWER SYNERGY Plc. (GPSC): Key Takeaways From Plant Visit – GHECO-One, GIPP – Outperform (12M FWD Fair Value Bt52.50)