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 Energy / Thematic (Sector/Industry)

Global Power Synergy Company Ltd (GPSC TB)

<ul><li>We anticipate Case 3 for the potential electricity tariff at Bt4.18/unit and the Ft at Bt0.3972/unit for the period May to August 2024, which remains stable compared to the previous period, to be the most likely scenario.</li><li>This aligns with our full-year 2024E forecast and is subject to public hearings conducted by the Energy Regulatory Commission (ERC).</li><li>Concurrently, the declining gas costs, despite the increase in gas volume at G1/61, are expected to facilitate better management of electricity tariff and gradually alleviate EGAT’s Ft subsidy burden, which currently stands at Bt100bn for the outstanding amount. </li></ul>

We anticipate Case 3 for the potential electricity tariff at Bt4.18/unit and the Ft at Bt0.3972/unit for the period May to August 2024, which remains stable compared to the previous period, to be the most likely scenario.This aligns with our full-year 2024E forecast and is subject to public hearings conducted by the Energy Regulatory Commission (ERC).Concurrently, the declining gas costs, despite the increase in gas volume at G1/61, are expected to facilitate better management of electricity tariff and gradually alleviate EGAT’s Ft subsidy burden, which currently stands at Bt100bn for the outstanding amount. 

Industry Update – Energy (Power Sector)