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 Financials / Thematic (Sector/Industry)

<ul><li>The Thai market lacks near-term catalysts as overseas markets remain closed during the year-end holiday period.</li><li>Thailand’s exports in November rose 7.1% YoY, slightly below market expectations of 8.8–9.0%, but still marked the 17th consecutive month of growth.</li><li>Amid limited catalysts and light liquidity, we recommend gradually accumulating high-dividend stocks, focusing on names with dividend yields above 5% and remaining upside of at least 5%, such as SCB, HMPRO, BA, TFG, and BCPG.</li></ul>

The Thai market lacks near-term catalysts as overseas markets remain closed during the year-end holiday period.Thailand’s exports in November rose 7.1% YoY, slightly below market expectations of 8.8–9.0%, but still marked the 17th consecutive month of growth.Amid limited catalysts and light liquidity, we recommend gradually accumulating high-dividend stocks, focusing on names with dividend yields above 5% and remaining upside of at least 5%, such as SCB, HMPRO, BA, TFG, and BCPG.

Krungthai XSpring Zoom Eng. December 26, 2025