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>Crude oil prices are expected to remain elevated at USD85–95/bbl, as there are still no signs of a new round of US-Iran talks.</li><li>The government is expected to launch the "Thai Tiew Thai Plus" domestic tourism stimulus program in December 2026, with a Bt3.5bn budget to subsidize accommodation costs and provide cash coupons.</li><li>We upgrade the electronics sector to Overweight as earnings enter an upcycle while valuations remain reasonable.</li></ul>

Crude oil prices are expected to remain elevated at USD85–95/bbl, as there are still no signs of a new round of US-Iran talks.The government is expected to launch the "Thai Tiew Thai Plus" domestic tourism stimulus program in December 2026, with a Bt3.5bn budget to subsidize accommodation costs and provide cash coupons.We upgrade the electronics sector to Overweight as earnings enter an upcycle while valuations remain reasonable.

Krungthai XSpring Zoom Eng. August 28, 2026

KCE Electronics

Krungthai XSpring Zoom Eng. August 28, 2026