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>We maintain our Outperform rating and 12-month forward FV of Bt37.75, based on a 10.5% required return.</li>
<li>2Q26 results were in line with our forecast and reached a new record high, supported by continued strong loan growth and lower funding costs, which drove growth in net interest income.</li>
<li>Cost management remained efficient, as reflected in the continued increase in loans per branch, while asset quality remained manageable.</li>
</ul>


We maintain our Outperform rating and 12-month forward FV of Bt37.75, based on a 10.5% required return.
2Q26 results were in line with our forecast and reached a new record high, supported by continued strong loan growth and lower funding costs, which drove growth in net interest income.
Cost management remained efficient, as reflected in the continued increase in loans per branch, while asset quality remained manageable.


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