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)

China Automobiles and components / Thematic (Sector/Industry)

Dong Ah Geological Engineering (028100 KS)

<ul><li>The recovery of Thailand's automotive industry remains challenging this year.</li><li>However, we have started to see positive signs in cost control across all companies, as gross profit margins (GPM) have improved despite declining revenue in 1Q25.</li><li>We therefore upgrade our recommendation on the automotive sector from Underweight to Neutral.</li></ul>

The recovery of Thailand's automotive industry remains challenging this year.However, we have started to see positive signs in cost control across all companies, as gross profit margins (GPM) have improved despite declining revenue in 1Q25.We therefore upgrade our recommendation on the automotive sector from Underweight to Neutral.

GPMs to Help Improve Performance Despite Industry Remaining Weak