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)

<ul><li>The results of the latest spectrum auction were largely in line with expectations, although TRUE’s acquisition of the 1500MHz band exceeded the forecasts.</li><li>This leads us to adopt a more cautious outlook regarding future competition, although the intensity is unlikely to return to previous levels.</li><li>As such, our Overweight stance on the sector is maintained, given the industry’s resilience to economic volatility. </li></ul>

The results of the latest spectrum auction were largely in line with expectations, although TRUE’s acquisition of the 1500MHz band exceeded the forecasts.This leads us to adopt a more cautious outlook regarding future competition, although the intensity is unlikely to return to previous levels.As such, our Overweight stance on the sector is maintained, given the industry’s resilience to economic volatility. 

Information & Communication Technology - JUNE 30, 2025